July ICT exports and imports this year…a surplus of 7.28 billion dollars

ICT exports up for 9 consecutive months due to increase in major items such as semiconductors and mobile phones,

Ministry of Science and ICT. [Photo=Reporter Jung Jong-oh],
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, ‘In July of this year, ICT exports reached $19.4 billion, while imports were $12.12 billion, resulting in a provisional trade surplus of $7.28 billion.’,
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, ‘ICT exports continued to grow with an increase in exports of major items such as semiconductors, displays, mobile phones, computers, and peripheral devices, maintaining a high growth rate in the 30% range for four consecutive months since April this year.’,
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, ‘By product category, it was observed that exports increased in all major items including semiconductors (up 49.0%), displays (up 2.0%), mobile phones (up 69.4%), and computers and peripheral devices (up 51.1%).’,
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, ‘Regional exports also increased in major regions such as China (including Hong Kong, up 31.1%), Vietnam (up 23.7%), the United States (up 40.1%), and the European Union (up 23.5%).’,
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, ‘ICT imports ($12.12 billion) increased by 6.0% compared to the same period last year ($11.44 billion) due to an increase in imports of major components such as semiconductors and displays.’,
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In July of this year, ICT exports reached a provisional trade surplus of $7.28 billion. [Photo=Ministry of Science and ICT],
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, ‘Semiconductor exports ($11.23 billion, up 49.0%) saw double-digit growth for the ninth consecutive month, driven by the growth of the artificial intelligence (AI) market and the recovery of the IT device market, resulting in an expansion of semiconductor demand.’,
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, ‘Memory products saw a significant increase compared to the same period last year, with prices rising and demand increasing for high value-added items such as HBM, contributing to the overall increase in semiconductor exports.’,
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, ‘In the display sector ($1.93 billion, up 2.0%), overall display exports continued to increase for 12 consecutive months, with a recovery in demand for TV and PCs leading to growth, particularly in OLED.’,
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, ‘Mobile phone exports ($1.23 billion, up 69.4%) saw a significant increase in exports of parts (up 107.7%) centered around major mobile phone manufacturing regions such as China (including Hong Kong) and Vietnam, driving double-digit growth in total mobile phone exports.’,
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, ‘Computer and peripheral device exports ($1.31 billion, up 51.1%) continued to increase for 7 consecutive months, driven by the continued expansion of demand for major storage devices such as SSDs (up 82.5%) with increased investments in servers and data centers.’,
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, ‘Communications equipment ($0.19 billion, down 2.4%) experienced an overall decrease in exports due to declines in countries such as China (including Hong Kong) and Vietnam, despite increases in some regions like the United States.’,
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, ‘By product category, semiconductor ($6.04 billion, up 16.4%) and display ($0.5 billion, up 14.2%) imports increased, while computer and peripheral device ($1.19 billion, down 1.2%) and mobile phone ($0.75 billion, down 2.4%) imports decreased.’,
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