Exports of Korean technology products skyrocket, to Vietnam up 15.6%

South Korea's exports of information and communications technology (ICT) products hit their second-largest 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 in February, up 1.2 percent from a year earlier. The country's ICT imports increased 5.6 percent year-on-year to $10.9 billion, resulting in a trade surplus of $5.81 billion.

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 percent year-on-year. Exports of computers and communications equipment also surged 26.9 percent and 74.1 percent, 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 decreased by 19.6% mainly due to a significant decrease 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