en.Wedoany.com Reported - South Korea's information and communication technology (ICT) industry exports reached an all-time high. Exports in May amounted to $47.79 billion, up 10% from the previous record set in March this year, and marked the first time exports exceeded $40 billion for three consecutive months. During the same period, the ICT trade balance recorded a surplus of $32.09 billion, also setting a new historical record.

According to the May ICT import and export trends released by the Ministry of Science and ICT (MSIT) on the 14th, exports surged 128.9% year-on-year, compared to just $20.88 billion in May last year. ICT imports during the same period stood at $15.7 billion. Driven by semiconductor exports, the share of ICT exports in South Korea's total exports ($87.75 billion) rose to 54.5%.

By category, semiconductor exports were the most prominent. Export volume reached $37.16 billion, up 169.2% year-on-year, exceeding $30 billion for three consecutive months. Growth was driven by continued expansion of AI server investments and rising fixed transaction prices for memory.

Display exports totaled $1.57 billion, up 2.8% year-on-year, boosted by increased demand for OLED panels for new smartphone models and strong sales of new laptop products. Mobile phone exports rose 15.9% to $1.22 billion, mainly due to higher average selling prices of high-end finished products and increased demand for high-value-added components such as camera modules.

Computer peripheral exports hit a new high for the fourth consecutive month, reaching $4.33 billion, a sharp increase of 259.6% year-on-year, primarily influenced by expanded demand for solid-state drives (SSDs) used in AI servers. Communication equipment exports amounted to $210 million, up 3.7% year-on-year, with strong demand for communication equipment components to Vietnam and electronic devices to Mexico.

By export destination, exports to the United States and to Hong Kong, China increased by 254.3% and 157.3% year-on-year, respectively; exports to Taiwan, China, and Vietnam also grew by 95.5% and 90.8%, respectively.

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