Exports of Korean technology products skyrocketed, to Vietnam increased by 15.6%

South Korea's exports of information and communications technology (ICT) products hit their second-highest value on record last month despite a drop in chip sales, government data showed on Tuesday.

According to a report from the Ministry of Science and ICT of South Korea, ICT product exports reached 16.71 billion USD in February, up 1.2 percent year-on-year. The country's ICT imports increased 5.6 percent year-on-year to 10.9 billion USD, resulting in a trade surplus of 5.81 billion USD.

Visitors look at booths at the 26th Semiconductor Exhibition (SEDEX 2024) at COEX in Gangnam District, Seoul late last year.

By product, South Korea's exports of semiconductors and display panels fell 3% and 5.1%, respectively.

However, South Korea's global mobile phone sales jumped 33.3% year-on-year, while exports of computers and communications equipment also surged 26.9% and 74.1%, respectively.

By country, ICT shipments to the US increased 11.5% year-on-year, and those to Vietnam increased 15.6%. Exports to Thailand and India increased 124.3% and 54.9%, respectively.

However, ICT exports to China fell 19.6% mainly due to a significant drop in semiconductor exports amid US restrictions on exports of high-bandwidth memory chips to China.

Shipments to the European Union fell 7.6% and to Japan fell 5.7% year-on-year in February, data showed.

(Source: Yonhap)

Source: https://www.baogiaothong.vn/xuat-khau-cac-san-pham-cong-nghe-cua-han-quoc-tang-vot-sang-viet-nam-tang-156-192250316212059707.htm