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S. Korea's ICT exports surge in Sept. '24
Published in Amwal Al Ghad on 14 - 10 - 2024

South Korea's information and communications technology (ICT) exports continued their impressive growth in September 2024, reaching a new high of $22.4 billion. The trade surplus for ICT goods also expanded to $9.9 billion.
ICT exports increased by 24.0 per cent compared to the previous year, marking the second-highest level since March 2022 and continuing an upward trend for the 11th consecutive month.
Semiconductors led the way, with exports surging 36.3 per cent year-on-year to $13.6 billion. Memory chips and system chips both recorded significant increases, a report from Ministry of Trade, Industry and Energy (MOTIE) on Monday.
US exports increased by 39.9 per cent to $3.0 billion, marking the 11th consecutive month of growth. Semiconductors and computers/peripherals saw significant increases, driven by demand for servers and datacenters.
Attribution: Ministry of Trade, Industry and Energy report
Subediting: M. S. Salama


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