S.Korea's ICT Export Keeps Double-digit Growth For 20 Months
Mohammad Ali (@ChaudhryMAli88) Published August 16, 2018 | 03:21 PM
SEOUL, Aug. 16 (APP - UrduPoint / Pakistan Point News - 16th Aug, 2018 ) :South Korea's export of information and telecommunications technology (ICT) products kept a double-digit growth for 20 months through July, a government report showed Thursday.
The ICT export advanced 18.2 percent over the year to 18.56 billion U.S. Dollars in July, according to the Ministry of Trade, Industry and Energy. It kept rising by a double digit since December 2016.
Semiconductor export jumped 30.2 percent to 10.47 billion dollars, topping 10 billion dollars for the third straight month. Demand continued for chips used for server and smart phone.
Display panel shipment rose 2.6 percent to 2.51 billion dollars on demand for organic light-emitting diode (OLED) panel.
Mobile phone export increased 6.8 percent to 1.35 billion dollars on demand for premium smart phones, and those for computer and peripherals expanded 10 percent to 930 million dollars.
By region, ICT export to China, South Korea's biggest trading partner, jumped 26.1 percent to 10.16 billion dollars in July on demand for chips, computer and peripherals.
Export to Vietnam gained 10.8 percent to 2.25 billion dollars, and ICT shipment to the United States climbed 19.2 percent to 1.7 billion dollars.
The ICT import grew 9.8 percent to 9.1 billion dollars, sending the ICT trade surplus to 9.46 billion dollars in July.
Related Topics
Recent Stories
Dubai Mum Becomes the First Ever Pakistani Woman to Climb 11 of the 14 Highest M ..
Over 37% Tobacco tax increase suggested to save lives, boost revenue
Mohsin Naqvi has offered a substantial incentive, pledging $100,000 to every pla ..
Citizens join Al Barsha Police in “An Hour for Dubai” Initiative
Art can be a powerful tool to relieve stress, Experts say at Sharjah Children’ ..
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 5 May 2024
Today Gold Rate in Pakistan 05 May 2024
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
More Stories From World
-
Austria climate activist aims to take fight to Brussels
6 minutes ago -
University convocations in U.S. are flashpoints for protests over Israel's Gaza war: Reports
26 minutes ago -
Mitchell rallies Cavs for series-clinching game seven win over Magic
26 minutes ago -
Football: Italian Serie A table
6 hours ago -
Tennis: ATP Madrid Open result
6 hours ago -
Football: Italian Serie A results - collated
6 hours ago
-
Bodies in Mexico presumed to be missing surfers have bullet wounds to head
7 hours ago -
Rublev battles past Auger-Aliassime to claim Madrid Open title
7 hours ago -
Cesar Luis Menotti, football romantic who led Argentina to first World Cup
7 hours ago -
Football: German Bundesliga table
7 hours ago -
Former Argentina World Cup winning coach Menotti dead at 85 - federation
7 hours ago -
Leverkusen extend unbeaten run to 48 games with win at Frankfurt
7 hours ago