Korea’s exports of data and communication know-how (ICT) merchandise rose 12.2 % in October from a 12 months earlier, information confirmed Thursday, helped by sturdy shipments of semiconductors for synthetic intelligence (AI) servers.
Outbound shipments of ICT merchandise reached $23.3 billion final month, in line with information compiled by the Ministry of Science and ICT. It marks the best export quantity for any October.
Imports, in the meantime, fell 2.9 % over the interval to $12.9 billion, leading to a commerce surplus of $10.3 billion.
Exports of semiconductor merchandise jumped 25.4 % on-year, buoyed by robust demand for high-end chips utilized in AI servers, coupled with a rise in world reminiscence chip costs.
Exports of communication gear rose 2.5 % on sturdy demand from Vietnam and India, the ministry mentioned.
Shipments of show merchandise, nonetheless, fell 8.8 % because of a lower in world costs. Exports of cellphones dropped 11.8 % amid weak demand for elements from China.
By vacation spot, exports to america climbed 5.8 %, and people to China, together with Hong Kong, gained 4.9 %.
