SEOUL, Sept. 14 (Xinhua) — South Korea’s export of data and communications know-how (ICT) merchandise fell for the 14th month in August amid continued weak spot in world demand for locally-made tech merchandise, authorities knowledge confirmed Thursday.
ICT merchandise cargo tumbled 16.7 % from a yr earlier to 16.05 billion U.S. {dollars} in August, persevering with to slip since July final yr, in line with the Ministry of Trade, Industry and Energy.
Semiconductor export plunged 21.1 % to eight.64 billion {dollars} final month on the again of decrease chip costs.
Display panel cargo grew 1.8 % to 2.13 billion {dollars} on demand for OLED panels used for cell gadgets, however cell phone export dropped 12.2 % to 990 million {dollars}.
Shipment for computer systems and peripherals dived 47.4 % to 660 million {dollars}, and communications gear export decreased 9.5 % to 210 million {dollars}.
ICT merchandise cargo to the United States and the European Union (EU) retreated in double digits, however these to Vietnam and Japan gained floor final month.
Import for ICT merchandise fell 18.1 % over the yr to 11.07 billion {dollars} in August, sending the commerce surplus within the ICT trade to 4.98 billion {dollars}.
Import for chips, computer systems and cellphones all declined in double figures final month.