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High demand for computers lifts S. Korea's ICT exports

The increasing number of people forced to work from home due to the pandemic triggered the strong demand for computers.

South Korea exported US$14.9 billion worth of ICT products in June to rebound by one percent on-year, mainly due to an 84.5 percent on-year increase in outbound shipments of computers that hit $1.27 billion.

The increasing number of people forced to work from home due to the pandemic triggered the strong demand for computers.

The robust shipments of ICT products marked an improvement over a 2.7-percent decline in May, preceded by a 15.3-percent on-year drop in April.

South Korea imported $8.96 billion worth of ICT products in June, resulting in a $5.9 billion trade surplus.

In contrast, exports of smartphones plummeted 10.6 percent to reach $880 million.

Outbound shipments of displays also dropped 5.2 percent to reach $1.5 billion due to weaker demand for LCD products.

By destination, exports to the United States rose 26 percent in June to hit $1.94 billion, which was the sixth consecutive month it increased on-year.
Those to Vietnam surged 5.7 percent on-year in June, mainly due to smartphones and displays.

Meanwhile, exports to China slid by 1.6 percent to $7.28 billion.

South Korea's overall exports dipped by 10.9 percent in June, the fourth consecutive month of decline.

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