Illustrative photo (Photo: yonhapnews.co.kr)

Hanoi (VNA) – The Republic of Korea (RoK) enjoyed an increase in exports of information and communications technology (ICT) products for the fourth consecutive month in February, Yonhap news agency reported, citing government data on March 15.

Rising overseas demand for RoK semiconductors, displays and computers drove the surge in ICT exports, offsetting weak exports of mobile phones, the Ministry of Trade, Industry and Energy, which compiled the data, said.

According to the data, overseas shipments of ICT products surged 22.8 percent on-year to 14.06 billion USD in February, exceeding the 14 billion USD mark for the first time in February.

Of the figure, outbound shipments of semiconductors soared 56.6 percent on-year to a record monthly high of 6.5 billion USD, while exports of displays climbed 15.5 percent on-year to 2.23 billion USD, with those of computers and computer equipment soaring 22.9 percent to 660 million USD.

Overseas sales of mobile phones and parts tumbled 25.9 percent on-year to 1.5 billion USD last month, extending their losing streak to 11 months running. The drop was attributed to stiffer global competition and a lack of flagship devices launched by domestic makers.

By region, shipments to China and Hong Kong jumped 34.1 percent on-year in February, with exports to the European Union and Vietnam rising 37.9 percent and 27 percent, respectively. Exports to the United States tumbled 17 percent due to decreased shipments of mobile phones.

Meanwhile, the RoK’s ICT imports increased 6 percent on-year to 7.29 billion USD last month, with the country logging a trade surplus of 6.77 billion USD in the sector.-VNA