Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    Seoul blanketed by heaviest Nov. snow, with more expected

    Seoul blanketed by heaviest Nov. snow, with more expected
  3. 8

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
소아쌤

Korea's ICT exports drop for 7th consecutive month in March

By KH디지털2

Published : April 13, 2016 - 11:51

    • Link copied

South Korea's exports of information communication technology (ICT) products fell for the seventh consecutive month in March as weak global demand and a Chinese slowdown weighed heavily on the country's key industries, government data showed Wednesday.

Outbound shipments of ICT products reached $13.97 billion last month, down 5 percent from $14.7 billion tallied a year before, according to the data compiled by the Ministry of Trade, Industry and Energy.

(Yonhap) (Yonhap)

ICT exports extended their losing streak to seven straight months, falling since they slipped 1.6 percent on-year in October last year.

Exports of ICT goods accounted for 32.5 percent of the country's $42.98 billion worth of shipments abroad over the cited period.

Imports rose 4.5 percent on-year to $8.01 billion last month, with the country logging a surplus of $5.96 billion in the sector.

"ICT exports fell due to a slump in global demand and a slowdown in China, but the downbeat pace narrowed from a 17.8 percent plunge in January and a 9.8 percent drop in February," the ministry said in a release.

Weak exports of display panels and semiconductors led the decline, with shipments of flat screens sinking 25.2 percent on-year to $2.15 billion and those of chips edging down 1.8 percent on-year to $5.29 billion over the period.

Meanwhile, overseas sales of mobile phones gained 7.9 percent to $2.32 billion last month from a year ago on the back of the releases of new smartphones.

By region, shipments to China and the European Union sank 9.1 percent and 15.7 percent on-year, respectively, while those to the United States jumped 40 percent, the data showed. (Yonhap)

More from Headlines