IT Exports in July Post $6.37 Billion, a 3.3% Rise from Last Year -
IT Exports in July Post $6.37 Billion, a 3.3% Rise from Last Year -
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  • 승인 2005.09.01 12:01
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- MIC has said that the preliminary figures from IT exports in the month of July showed that they rose to $6.37 billion, a 3.3 percent increase from the same period last year. As a result of the 3.3 percent rise in IT exports in the first month of the second half of 2005, it may be viewed that IT exports have made a turnaround to a gradual recovery. However, there still remain concerns that IT exports have relied heavily on semiconductors in terms of export items on one hand and an increasing demand from China on the other. Meanwhile, IT imports, which have centered around PCs and peripherals, stood at $3.6 billion, a 5.5 percent increase from the same month last year, and thus resulting in a trade surplus of $2.77 billion in the IT sector. By item, semiconductors showed a sharp increase, while others such as mobile phones and storage equipment, showed small decreases. In the case of semiconductors, including components, exports increased by 18.7 percent from the same period last year to $2.64 billion, due to a rise in exports to China which amounted to $990 million, an increase of 82.2 percent from last year. By category, DRAMs continued to show a downward trend with $660 million in exports, an 18.7 percent fall from the previous year, while flash memory chips are on an upward trend with $390 million in exports with a 45.7 percent growth. In the case of mobile phones, including components, exports accounted about $1.9 billion, a 1.3 percent drop from the same period last year due to sluggish exports to the United States despite a climb in exports to the EU region. By region, the EU accounted for $600 million, a 15.9 percent increase, and China posted $400 million in exports with an 11.4 percent rise, while exports to the United States showed a downward trend with a 35.7 percent fall to $390 million. In the case of completed products, excluding components, exports fell by 9.2 percent to $1.36 billion. In the case of PCs and monitors, exports fell by 2 percent to $850 million while imports rose by 18.1 percent to $460 million due to the shift of manufacturing base overseas. In the case of China (Hong Kong included), exports rose by 32.8 percent to $2.13 billion from the same month last year due to rising exports of mobile phones and semiconductors. As Chinese exports of IT products are led by computers, accounting about 52 percent of the total IT exports, semiconductors exported to China posted a sharp increase accordingly due to a growing demand for components. In the case of EU, exports grew by 3.7 percent to $1.04 billion from the same month last year as mobile phones shipped to the region increased by 15.9 percent to $600 million. In the case of the United States, exports showed a downward shift since February this year along with the falling demand for mobile phones and semiconductors, posting a 30.4 percent drop to $900 million as Korean companies sought ways to diversify overseas markets due to the appreciation of the Korean won. Semiconductor exports, too, are on a gradual path downward as manufacturing facilities in the United States are shifting over to China and Southeast Asia. In view of IT exports showing a 3.3 percent increase in the month of July despite a strike by the employees of Asiana Airlines, and as seasonal demand for IT products is anticipated to increase, the government believes that a green light for a gradual recovery in IT exports has been switched on. Nonetheless, the government reckons that further strikes by airline workers, in addition to any additional revaluation of the Chinese yuan this year, will act as a crucial element hampering the recovery in IT exports since shipments made through air freight service take up large portions of how exports are made, as in the case of semiconductors with 98 percent, while those air shipments made for mobile phones and LCDs account for about 87 percent and 93.8 percent, respectively.

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