SEOUL, Dec. 14 (Xinhua) — South Korea’s export of data and communications know-how (ICT) merchandise marked the primary rebound in 17 months in November on account of sturdy demand for locally-made semiconductors, authorities information confirmed Thursday.
The ICT merchandise cargo gained 7.6 % from a yr earlier to 17.88 billion U.S. {dollars} in November, posting the primary turnaround since June final yr, based on the Ministry of Trade, Industry and Energy.
Semiconductor export jumped 10.7 % to 9.56 billion {dollars} final month, rebounding in 16 months.
Display panel cargo grew 3.7 % to 2.08 billion {dollars} on strong demand for OLED panels used for cellular units, whereas cell phone export superior 12.2 % to 1.55 billion {dollars}.
Shipment for computer systems and peripherals dived 22.7 % to 750 million {dollars}, and communications tools export retreated 21.6 % to 210 million {dollars}.
The ICT merchandise export to the United States, the European Union, Vietnam and Japan all elevated final month.
Import for ICT merchandise dwindled 10.9 % over the yr to 11.44 billion {dollars} in November, bringing the commerce surplus within the ICT trade to six.44 billion {dollars}.
Import for cellphones and show panels expanded by double digits, however import for chips and computer systems shrank in double figures final month.