black flat screen computer monitor

South Korea’s ICT Exports Climb in April

South Korea’s Ministry of Trade, Industry and Energy said today that South Korean exports of information and communications technology (ICT) products rose 16.9% year on year to $19.94 billion in April.

The rise in ICT exports in April was the 13th consecutive month of ten-digit growth.

Meanwhile, imports of ICT goods increased by 12.4% to $12.13 billion in April. This resulted in a trade surplus of $7.81 billion.

Broken down by type, semiconductor exports showed a 16% year-on-year increase. They reached $10.9 billion in April, exceeding the $10 billion mark for the twelfth consecutive month.

Exports of monitors rose 22.5% to $2.05 billion and exports of cell phones increased 0.6% to $1.24 billion in April.

ICT exports to China, South Korea’s largest trading partner, rose 4.1% year-on-year in April. Exports to the US, the European Union (EU), and Vietnam rose by more than 20% in the same month.

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