S. Korea's ICT Exports Soar to All-Time High in March
According to the Ministry of Trade, Industry and Resources, ICT product shipments rocketed 112% year-on-year to 43.51 billion US dollars last month — crossing the 40-billion-dollar threshold for the first time on record and extending an unbroken growth streak to 14 consecutive months dating back to February 2025.
Semiconductors were the undisputed engine of the surge. Chip exports skyrocketed 151.4% to 32.84 billion dollars — the first time the figure has breached the 30-billion-dollar mark — as soaring global investment in AI infrastructure drove both heightened demand and sharply elevated prices for memory chips.
The broader ICT export picture was largely bullish. Computers and peripherals delivered one of the session's standout performances, spiking 174.1% to 3.59 billion dollars, while mobile phone exports jumped 57% to 1.54 billion dollars, buoyed by robust consumer appetite for new product launches. Not all categories shared in the gains, however — display panel shipments retreated 9.3% to 1.49 billion dollars, and communications equipment exports contracted 5.8% to 210 million dollars.
On the import side, ICT product inflows climbed 32.2% over the year to 16.15 billion dollars in March. Chips, mobile phones, and computers all registered double-digit import growth, while display panels and communications equipment posted more modest single-digit increases. The net result was a commanding ICT trade surplus of 27.36 billion dollars — a figure that underscores South Korea's entrenched position as a dominant force in global technology supply chains.
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