Korea'sICT exports surged by more than 24 percent in April on the back of the boomingsemiconductor market. According to the Ministry of Trade, Industry, and Energyon May 17, the nation's ICT shipments amounted to US$15.5 billion in April2017, up 24.4 percent from a year ago. This growth rate was the highest sinceAugust 2010 (26.4%).
Thesurge in ICT shipments was led by computer chips. The country's chip exportsstood at $7.2 billion last month, up 59.1 percent year on year, exceeding the$7-billion level for two straight months following March's $7.6 billion.
Thebiggest import market for Korean-made chips was China which imported $4.6billion worth of Korean-made chips last month, up 60.5 percent from a yearbefore.
Ministryofficials said, "Semiconductor chips were not affected by China'sretaliatory measures against Korea's THAAD deployment."
Korea'soverall ICT shipments to China totaled $7.5 billion last month, up 19.3 percentfrom a year earlier.
Thenation's ICT exports to Vietnam, the United States and the EU also rose 70.5percent, 3.9 percent, and 7.6 percent, respectively.