IT exports hit $13 billion last month
It is the sixth consecutive month that the country’s IT-related exports exceeded the $13 billion mark.
The ministry said that semiconductor exports increased 18.1 percent to $4.13 billion, while display panel exports rose by 9.5 percent to $2.73 billion.
Mobile phone exports increased 8.7 percent to $2.7 billion, led by the export of smartphones. Korea exported a total of $1.06 billion worth of smartphones in November, which is an increase of 207 percent from a year ago. The sharp rise was due to this year’s introduction of the Samsung Galaxy S and other Korean-made smartphones.
Foreign demand for computers rose more than four-fold to $268 million, mainly because of tablet PCs.
IT exports to the United States and Japan each surged 33 percent to $1.81 billion and 19.3 percent to $760 million, respectively, boosted by higher demand for smartphones and other mobile phones.
Exports to China, including Hong Kong, increased 16 percent to $5.84 billion.
Exports to Asean countries surged 20.2 percent to $1.28 billion and to countries in Oceania by 42.9 percent.
Meanwhile, exports to European Union nations dropped 2.7 percent to $1.7 billion because of the region’s recent fiscal crisis, which has resulted in lower demand for flat screens, mobile phones and television components.
In November, the top 10 best-selling export items included semiconductors, flat screens, mobile phones and television components.
The country’s total IT exports reached a record $140.9 billion for the January-November period, exceeding the previous record of $131.2 billion in 2008.
IT imports jumped 27.6 percent to $7.02 billion mainly led by domestic demand for computers and related devices, along with electronics components.
It is the first time that the country’s IT imports exceeded $7 billion.
The country’s trade surplus in the IT sector for the January-November period reached $72.1 billion, which is bigger than the previous record of $60.4 billion in 2007. The IT trade surplus last month was $6.59 billion.
The ministry predicted that total IT exports would amount to around $150 billion in 2010, while trade surplus in the IT sector will be around $78 billion.
By Lee Eun-joo [email@example.com]
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