South Korea's ICT exports rose 19.4% in March, driven by semiconductor sales, resulting in a $7.1B trade surplus.

South Korea's ICT exports rose for the fifth consecutive month in March, driven by a surge in semiconductor sales. ICT exports reached $18.82 billion, up 19.4% from the previous year, as global demand for semiconductors increased due to AI market growth and IT device sales recovery. The country's ICT imports decreased 1.2% to $11.7 billion, resulting in a trade surplus of $7.1 billion in the sector.

April 15, 2024
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