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Korea.. 11 months of continuous growth in technology exports

Korea.. 11 months of continuous growth in technology exports

The value was reached Exports of technology products Information and communications reached $22.4 billion last month, an increase of 24 percent compared to $18.04 billion during the same period last year, according to data compiled by the Ministry of Science, ICT, and Communications.

This monthly figure is the second highest level since March 2022.

Imports of products increased technology Information and communications increased by 15.9 percent year-on-year to reach $12.5 billion, resulting in a trade surplus of $9.88 billion in this sector.

According to the item, it increased Chip exports increased by 36.3 percent on an annual basis to record an all-time high of $13.6 billion in September, achieving a double-digit increase for the eleventh month in a row, in light of the strong global demand for chips used in servers. artificial intelligence.

In particular, memory chip exports jumped 60.7 percent year-on-year to $8.7 billion, with high demand for high-value products, such as high-bandwidth memory chips.

Sales rose Mobile phones abroad by 25.1 percent, reaching a value of $1.71 billion thanks to the popularity of newly released smartphones. Exports of devices also rose. Computer and accessories, up 104.8 percent, to $1.64 billion, thanks to strong demand for auxiliary storage devices.

But exports of screens and communications equipment fell by 5.1 percent and 28.7 percent to $1.9 billion and $160 million, respectively.

By country, exports increased to China and Hong Kong, by 22.6 percent year-on-year, reaching a value of $9.18 billion, recording an increase for the eleventh consecutive month driven by increased exports of chips and mobile phones, according to the Korean Yonhap Agency.

Exports to the United States increased by 39.9 percent to $3.04 billion thanks to increased exports of chips and computers, and exports to Vietnam expanded by 8.7 percent to $3.37 billion.

Exports also rose to European Union By 11.3 percent to $1.06 billion, and exports to Japan increased by 2.3 percent to $350 million.



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