SEOUL, KOREA - Korea's IT exports and trade surplus each reached an all-time high in May 2013. According to the analysis of Korea's IT import and export trends, conducted by the Ministry of Science, ICT and Future Planning and the Ministry of Trade, Industry & Energy, the nation's IT exports amounted to $15.15 billion in May 2013, with the sector's trade surplus estimated at $8.27 billion.
Year-on-year, IT exports and trade surplus grew by 17.2 percent and 23.6 percent, respectively. The previous monthly record was $14.54 billion for IT exports recorded in October 2012 and $7.84 billion for IT trade surplus set in November 2012.
Key factors behind the robust growth in IT exports and trade surpluses include the strong performance of Korean-made smart devices (smartphones and tablet computers), core parts (system semiconductors and memory chips), and flat panel TVs, in the global IT market.
