World

S.Korea's ICT export rises 1.1 pct in March

Xinhua News,SEOUL
2020-04-13 11:17

Already collect

SEOUL, April 13 (Xinhua) -- South Korea's export of information and communications technology (ICT) products rose last month, keeping an upward trend for two straight months, a government report showed Monday.

The ICT export added 1.1 percent over the year to 16.0 billion U.S. dollars in March, after expanding 8.5 percent in the previous month, according to the Ministry of Trade, Industry and Energy.

Import in the ICT sector amounted to 9.44 billion U.S. dollars, sending the trade surplus to 6.56 billion U.S. dollars.

Mobile phone shipment advanced 11.3 percent over the year to 1.02 billion U.S. dollars in March on demand for newly launched smartphones.

Export of computer and peripherals surged 77.6 percent to 1.23 billion U.S. dollars, continuing to grow for the seventh consecutive month on strong demand for solid state drive (SSD).

Semiconductor export slipped 2.7 percent on weak demand for memory chips, of which shipment dived 13.5 percent. System ship export advanced 32.9 percent in March from a year earlier.

Display panel export reduced 4.4 percent to 1.64 billion U.S. dollars last month on soft demand for liquid crystal display (LCD) panels.

The ICT export to China, South Korea's biggest trading partner, amounted to 7.63 billion U.S. dollars in March, followed by shipments to Vietnam with 2.45 billion U.S. dollars, the United States with 1.98 billion U.S. dollars and the European Union with 940 million U.S. dollars each.
Add comments

Latest comments

Latest News
News Most Viewed