ICT exports more than double in March on chip demand
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South Korea's exports of information and communication technology products more than doubled in March, driven by strong semiconductor demand. The country's ICT exports reached $43.51 billion, with semiconductor exports surging 151% to $32.84 billion.
South Korea's ICT exports exceeded $40 billion for the first time in March. The $43.51 billion in exports was driven by strong semiconductor demand, with exports rising 151% to $32.84 billion. Smartphone exports jumped 57% to $1.54 billion, while computer exports nearly tripled to $3.59 billion. The US and China were the main destinations, with exports nearly tripling to $8 billion and more than doubling to $17.66 billion, respectively. The surge in exports was supported by the global artificial intelligence boom. The ICT sector accounted for 50.5% of South Korea's total exports in March.
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