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Proportion of IT Products in S. Korea's Exports Falls to 7-Year Low

Written: 2019-10-27 13:59:52Updated: 2019-10-27 14:16:23

Proportion of IT Products in S. Korea's Exports Falls to 7-Year Low

Photo : YONHAP News

The proportion of IT products in South Korea's exports fell to a seven-year low this year amid sluggish chip exports.

According to data by the Korea International Trade Association on Sunday, the country's IT exports came to 90-point-seven billion dollars in the first nine months of the year, accounting for 22-point-three percent of the total exports.

This represents the lowest figure since 2012 when it marked 21-point-eight percent.

The data categorized the country's export items into four sections – unprocessed agricultural products and minerals, light industries, heavy industries, and IT products.

Heavy industries made up the largest portion at 56 percent this year, followed by IT products at 22-point-three percent, light industries at 19-point-six percent and unprocessed agricultural products and minerals at two-point-one percent.

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