S. Korea's ICT exports rise for 8th month in June
SEOUL, July 12 (Yonhap) -- South Korean exports of information and communication technology (ICT) products increased for the eighth consecutive month in June on brisk overseas sales of semiconductors and displays, government data showed Wednesday.
A total of US$15.9 billion worth of Korean-made ICT products were shipped overseas last month, up 18 percent from a year earlier, according to the data compiled by the Ministry of Science, ICT and Future Planning.
June's overseas shipments of ICT products marked a monthly record high for June to breach the $15 billion mark for the first time, the ministry said.
ICT imports also jumped 21.7 percent on-year to $8.88 billion last month, with the country logging a trade surplus of $7.03 billion in the sector, the latest data showed.
The ministry said rising overseas demand for South Korean computer chips, display panels and computers contributed to the surge, offsetting the weak exports of mobile phones.
Exports of semiconductors made by Asia's fourth-largest economy soared 56 percent on-year to $8.1 billion in June mainly on the back of the rising market price of NAND flash chips, the ministry said. It marks the first time for the monthly export of semiconductors to exceed the $8 billion mark.
The ministry said exports of displays increased 9.2 percent on-year in June to post an eighth-month winning streak, helped by rising demand for organic light-emitting diode (OLED) TVs.
Overseas shipments of computers and computer equipment also increased 2.9 percent on-year last month on the back of gains in South Korean-made solid state drives (SSD) in the global market, the ministry said.
Combined overseas sales of mobile handsets and parts, however, tumbled 42.2 percent to $1.26 billion last month from a year earlier, due to increased competition in the global market, the ministry said.
By region, shipments to China, Vietnam and the European Union increased 16.6 percent, 75.9 percent and 8.4 percent on-year in June, respectively, the data showed. Meanwhile, those to the United States decreased 6.7 percent last month from a year earlier.
khj@yna.co.kr
(END)
-
1 BTS, Leenalchi, Jeongmilla sweep prizes at Korean Music Awards
-
2 J-Hope releases new song 'Blue Side' on 'Hope World' anniversary
-
3 BTS earns 2nd 'million point' song on Oricon chart with 'Dynamite'
-
4 BLACKPINK's Rose to drop solo album next week
-
5 BTS performs 'BE,' surprise Coldplay cover on 'MTV Unplugged'
-
1 BTS, Leenalchi, Jeongmilla sweep prizes at Korean Music Awards
-
2 BLACKPINK's Rose to drop solo album next week
-
3 U.S. court orders N. Korea to pay US$2.3 bln over 1968 capture of USS Pueblo
-
4 Monsta X member apologizes over 'immature behavior' amid bullying accusations
-
5 BTS performs 'BE,' surprise Coldplay cover on 'MTV Unplugged'
-
1 S. Korea to roll out prototype of first homegrown fighter jet next month
-
2 Hundreds of cars trapped on coastal highway amid heavy snow
-
3 Over 80 foreigners test positive for COVID-19 in Dongducheon
-
4 (LEAD) Over 80 foreigners test positive for COVID-19 in Dongducheon
-
5 Air Force chief to visit KAI to check development of new homegrown fighter