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S. Korea's ICT exports amount to USD14.28b in May
(MENAFN) South Korea's information and communication technology (ICT) exports increased last month despite a sharp drop in the country's overall exports, Yonhap News reported.
Outbound shipments of ICT products amounted to USD14.28 billion in May, up 2 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.
Imports gained 1.2 percent on-year to USD6.84 billion. The country's trade surplus came to USD7.44 billion. The rise in exports follows three consecutive months of an on-year drop.
"ICT exports posted a positive growth for the first time since February despite a plunge in the country's overall exports last month, as outbound shipments of key products expanded," the ministry said.
Outbound shipments of ICT products amounted to USD14.28 billion in May, up 2 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.
Imports gained 1.2 percent on-year to USD6.84 billion. The country's trade surplus came to USD7.44 billion. The rise in exports follows three consecutive months of an on-year drop.
"ICT exports posted a positive growth for the first time since February despite a plunge in the country's overall exports last month, as outbound shipments of key products expanded," the ministry said.
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