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S. Korea's ICT export drops for 10th month in April

SEOUL
2023-05-15 10:40

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SEOUL, May 15 (Xinhua) -- South Korea's export of information and communications technology (ICT) products kept falling for the 10th straight month due to the continued sluggishness in demand for locally-made tech products, government data showed on Monday.

The ICT products shipment dropped 35.9 percent from a year earlier to 12.77 billion U.S. dollars in April, continuing to slide since July last year, according to the Ministry of Trade, Industry and Energy.

Semiconductor export plunged 40.5 percent to 6.48 billion dollars last month on the back of lower chip prices.

Display panel shipment tumbled 30.5 percent to 1.43 billion dollars, and mobile phone export dipped 41.6 percent to 810 million dollars.

Shipment for computers and peripherals dived 66.7 percent to 590 million dollars, and communications equipment export retreated 14.7 percent to 200 million dollars.

The ICT products shipment to Vietnam, the United States and the European Union (EU) all sank in double digits to 2.2 billion dollars, 1.6 billion dollars, and 850 million dollars, respectively.

Import for ICT products shrank 14.0 percent over the year to 10.44 billion dollars in April, sending the trade surplus in the ICT industry to 2.33 billion dollars.
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