HomeLatestS. Korea's ICT export falls for fifteenth month in September

S. Korea’s ICT export falls for fifteenth month in September

SEOUL, Oct. 16 (Xinhua) — South Korea’s export of knowledge and communications expertise (ICT) merchandise fell for the fifteenth consecutive month in September amid continued weak spot in international demand for locally-made tech merchandise, authorities knowledge confirmed Monday.

ICT merchandise cargo sank 13.4 % from a 12 months earlier to 18.06 billion U.S. {dollars} in September, persevering with to slip since July final 12 months, in line with the Ministry of Trade, Industry and Energy.

Semiconductor export declined 14.4 % to 9.99 billion {dollars} final month on the again of decrease chip costs.

Display panel cargo added 1.0 % to 2.0 billion {dollars} on demand for OLED panels used for cell gadgets, however cell phone export decreased 5.2 % to 1.37 billion {dollars}.

Shipment for computer systems and peripherals dived 48.0 % to 800 million {dollars}, and communications tools export decreased 17.2 % to 220 million {dollars}.

ICT merchandise cargo to the United States, the European Union (EU) and Japan retreated in double digits, however export to Vietnam gained floor final month.

Import for ICT merchandise dropped 16.8 % over the 12 months to 10.76 billion {dollars} in September, sending commerce surplus within the ICT trade to 7.3 billion {dollars}.

Import for chips, computer systems and cell phones all declined in double figures final month.