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RoK sees rise in ICT exports for 4th month in February

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.
RoK sees rise in ICT exports for 4th month in February ảnh 1Illustrative photo (Photo: yonhapnews.co.kr)

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

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

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

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

Overseas sales of mobile phones and parts tumbled 25.9 percent on-yearto 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 flagshipdevices launched by domestic makers.

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

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