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S. Korea's ICT Exports Fall 2.6% in May

Written: 2020-06-14 14:34:47Updated: 2020-06-14 14:36:10

S. Korea's ICT Exports Fall 2.6% in May

South Korea's exports of information and communication technology (ICT) products dropped for the second straight month in May amid the COVID-19 pandemic.

According to data from the Ministry of Science and ICT on Sunday, the country's outbound shipments of ICT products shrank two-point-six percent on-year to 13-point-93 billion dollars last month.

Exports of display panels and mobile phones each plunged over 21 percent, while shipments of semiconductors and computers rose six-and-a-half percent and 73 percent, respectively.

The country's imports of ICT products dropped seven-point-eight percent on-year to eight-point-92 billion dollars last month, for a trade surplus of five-point-01 billion dollars.

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