Information and communication technology (ICT) exports increased by nearly 4% compared to the previous year despite the spread of corona last year. Total exports were the third largest after 2018 and 2017. Semiconductor and Solid State Drive (SSD) led the export growth.
According to the Ministry of Trade, Industry and Energy on the 18th, last year’s ICT exports were estimated at $183.6 billion (approx.
This is an increase of 3.8% and 3.9%, respectively, compared to the previous year. During the same period, the surplus recorded a surplus of $71 billion (78 trillion won). Last year’s ICT exports were ranked third after 2018 (US$ 220.3 billion) and 2017 (US$ 177.6 billion).
Exports increased significantly, mainly for semiconductors ($125 million, 5.4%↑), which are major items, and computers and peripherals ($1.91 billion, 53.1%). Exports of SSD (101.5%↑) classified as computer peripherals, system semiconductors (17.8%↑), memory MCP (14.1%↑), DRAM (7.9%↑), and NAND flash (11.0%↑) all increased. .
Semiconductor has achieved the second-largest export value so far, as demand has increased due to the revitalization of the non-face-to-face economy and demand recovery from commercialization of 5G services. For memory, exports declined until the second quarter, and demand turned to an increase from the third quarter. System semiconductor exports increased, centering on consigned semiconductor production (foundry), recording a record high.
During the same period, exports of displays ($27.2 billion, 5.1%↓) and mobile phones ($1.27 billion, 6.0%↓) declined. However, it was analyzed that the decline in exports, mainly for high-value-added organic light-emitting diodes (OLED) and mobile phone parts, also decreased. OLED has achieved 10 billion dollars in exports for three consecutive years, showing the highest performance annually.
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China (including Hong Kong, $8.88 billion, 0.1%↑), Vietnam ($29.78 billion, 9.6%↑), United States ($2.13 billion, 20.4%↑), European Union ($1.25 billion) , 4.8%↑), etc., increased exports to major countries. The non-face-to-face economy was revitalized, demand for 5G smartphones increased, and demand for premium TVs increased.
The Ministry of Industry said, “This year’s ICT exports are expected to increase mainly in semiconductors and OLEDs as global economic growth recovers and 5G service expands.” It will drive growth,” he predicted.