ICT Exports Hit All-time High of $15.5Bln

Write : 2017-05-17 14:01:37 Update : 2017-05-17 14:10:55

ICT Exports Hit All-time High of $15.5Bln

South Korea’s exports in the information and communication technology(ICT) sector hit an all-time high of more than 15-point-five billion U.S. dollars in April largely thanks to a growth in semiconductor shipments.
According to the ministries of science and trade on Wednesday, the exports of ICT products jumped 24-point-two percent to 15-point-55 billion U.S. dollars last month from a year earlier.
The surge was driven by bullish semiconductor shipments, which grew 59 percent from a year ago to more than seven-point-two billion U.S. dollars.
ICT imports increased seven-point-eight percent to nearly seven-point-nine billion U.S. dollars compared to the same month last year.
As a result, the ICT sector posted a trade surplus of seven-point-68 billion U.S. dollars, accounting for 60 percent of the nation’s overall trade surplus at 13-point-25 billion U.S. dollars.

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