News & Media / R.Korea's ICT exports rise for 9th straight month in July
R.Korea's ICT exports rise for 9th straight month in July
15 Aug 2024 | PUBLISHED BY Lao News Agency

(KPL/Yonhap) The Republic of Korea's exports of information and communication technology (ICT) products rose for the ninth consecutive month in July, thanks to solid performance of major sectors, data showed Thursday.

Outbound shipments of ICT products came to US$19.4 billion last month, up 32.8 percent from $14.6 billion a year earlier, according to data compiled by the Ministry of Science and ICT.

Imports of ICT products increased 6 percent on-year to $12.1 billion, resulting in a trade surplus of $7.28 billion in the sector.

By item, chip exports surged 49 percent on-year to $11.2 billion in July, posting a double-digit increase for the ninth straight month, on robust global chip demand sparked by the growth of the artificial intelligence market and the recovery of the IT device market.

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