S.Korea's ICT Exports Post Double-digit Growth For 14 Months
Soha Chaoudhary Published February 13, 2018 | 01:13 PM
South Korea's exports of the information and communications technology (ICT) products posted a double-digit growth for 14 months through January, a government report showed Tuesday
SEOUL,(UrduPoint / Pakistan Point News - 13th Feb, 2018 ) :South Korea's exports of the information and communications technology (ICT) products posted a double-digit growth for 14 months through January, a government report showed Tuesday.
Exports in the ICT sector advanced 28.1 percent over the year to 17.7 billion U.S. Dollars in January, bigger than any January figure in history, according to the Ministry of Trade, Industry and Energy.
The ICT exports kept a double-digit expansion since December 2016 due mainly to solid demand for semiconductors, of which export surged 53.8 percent to 9.86 billion dollars last month. Shipment for computer and peripherals jumped 38.2 percent to 930 million dollars, but export for display panel fell 5.
9 percent to 2.29 billion dollars.
mobile phone export declined 8.3 percent to 1.39 billion dollars amid the fiercer competition in the global market. The ICT exports to China, South Korea's biggest trading partner, expanded 29.2 percent from a year earlier to 9.75 billion dollars in January.
Those to the United States gained 6.4 percent to 1.28 billion dollars, with the figures to Vietnam and the European Union (EU) logging 2.46 billion dollars and 940 million dollars respectively.
Imports in the ICT sector soared 19.6 percent to 9.33 billion dollars, sending the trade surplus in the sector to 8.38 billion dollars. The ICT trade surplus more than doubled a 3.72 billion-dollar surplus in all industries.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Technology
-
PITB HR Wing organizes Eid Milan celebration for children at PITB Day Care Center located in ASTP
14 hours ago -
SONY x TECNO - is this for real?
14 hours ago -
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
3 days ago -
Pro Tips: How to Capture Stunning Portraits with the Aura Light Portrait of vivo V30 5G
5 days ago -
Itel celebrates launch of S24—a new brand identity
6 days ago -
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
7 days ago
-
Take Charge, Live Free: Empower Your Life with Infinix NOTE 40 Series
9 days ago -
PTA Undertakes Consultation with All Pakistan Network Association (APNA) on Proposed Class Value Add ..
9 days ago -
Vivo V30 5G: The Perfect Blend of Enhanced Photography and Premium Design
10 days ago -
PITB's Regional Plan 9 invites applications for its newly launched incubation centers in Rawalpindi, ..
11 days ago -
Pakistan calls for enhanced information integrity on digital platforms
11 days ago -
Infinix NOTE 40 Series vs. the Competition: Why It Stands Out
12 days ago