A port in Busan / Yonhap
Korea’s exports of data and communication know-how (ICT) merchandise jumped 24 p.c in December from a 12 months earlier, helped by sturdy gross sales of semiconductors, authorities information confirmed Tuesday.
Outbound shipments of ICT merchandise got here to $22.66 billion final month, in contrast with $18.25 billion a 12 months earlier, the Ministry of Science and ICT stated in a press launch.
The nation’s ICT imports in December stood at $13.32 billion, leading to a commerce surplus of $9.33 billion within the sector.
By product, semiconductor exports jumped 31.1 p.c on-year to $14.51 billion on excessive demand for synthetic intelligence-related chips.
Exports of computer systems and communications tools soared 97.2 p.c to $1.62 billion over the cited interval, whereas shipments of cellphones rose 19.3 p.c to $1.12 billion, the discharge stated.
Shipments of show panels fell 1.2 p.c to $1.69 billion resulting from slowing demand for TVs and private computer systems.
By nation, mixed shipments to China and Hong Kong climbed 13.4 p.c on-year to $8.91 billion on elevated gross sales of chips, shows and cellphones.
Exports to Vietnam and Japan went up 2.7 p.c and 14.3 p.c, respectively, to $3.02 billion and $360 million.
Shipments to america jumped 41.3 p.c on-year to $3.59 billion, whereas shipments to the European Union fell 3.9 p.c to $910 million.
For the entire of 2024, ICT exports rose 25.9 p.c on-year to $235 billion, whereas ICT imports gained 4.9 p.c to $143.2 billion, leading to a commerce surplus of $91.8 billion, the ministry stated. (Yonhap
