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.


Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 



