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S. Korea's ICT exports in April 2021 highest for any month of April Updated: 2021-05-17 16:59:05 KST

South Korea's ICT exports in April grew on-year for the 11th consecutive month, and reached the largest amount for any month of April, since records began in 1996.
According to the Ministry of Trade, Industry and Energy on Monday, ICT exports in April amounted to over 17 billion U.S. dollars, up 32.6 percent compared to the same period last year.
This is the steepest on-year gain in 11 years.
The expansion was mainly led by surging demand for semiconductors, displays, and mobile phones.
Semiconductor exports rose on-year for the 10th month in a row in April, up almost 30 percent to 9.4 billion dollars.
Both memory chip and system semiconductor exports saw an increase.
Exports of displays rose by more than 35 percent, led by OLED panels amid increasing demand in the mobile display sector.
Outbound shipments of mobile phones rose by almost 90 percent, while exports of computers and related devices were up less than 4 percent.
By country, exports to China South Korea's largest export destination rose by more than 21 percent to around 8 billion dollars.
Exports to Vietnam rose 67 percent, and those to the U.S. and the EU increased by about 25 percent and 36 percent, respectively.
An expert says this trend in ICT exports will likely continue.

"Advanced economies are seeing a strong rebound amid the vaccine rollouts, and this recovery is contributing to the upsurge in South Korea's outbound shipments of ICT items. Korea's ICT exports are likely to keep growing as the global economy recovers, and as the digital transformation picks up speed."

Meanwhile, South Korea's ICT imports in April were up 21.5 percent on-year, to around 10.8 billion dollars, resulting in a trade surplus of nearly 6.3 billion dollars.
Kim Jae-hee, Arirang News.
Reporter : jhee@arirang.com
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