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"Exports Related to 4th Industrial Revolution Surged 5% Annually"

Written: 2017-04-17 13:42:11Updated: 2017-04-17 14:19:50

Exports of new industries related to the fourth Industrial Revolution, including robots, posted a relatively high growth of five percent on average annually during the past four years.
 
That’s according to a report released on Monday by the Institute for International Trade under the Korea International Trade Association.
 
The report analyzed the export trends and competitiveness of new growth industries related to the fourth Industrial Revolution. 

According to the report, exports of new South Korean industries climbed five percent on average to reach 76-point-seven billion U.S. dollars last year compared to some 63 billion dollars in 2012. What's noteworthy is that during that same period, South Korea’s overall exports had declined two-and-a-half percent.
 
Exports of new growth industries accounted for 15-point-four percent of total exports in the first quarter of this year compared to eleven-and-a-half percent posted in 2012.
 
In particular, exports of next-generation semiconductors took up a little over 47 percent of total exports of new industries, standing at roughly 36 billion dollars last year.
 

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