Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

South Korea's Digital Electronics Exports Down
May 5, 2005
 Printable format
 Email this Article
 Search

South Korea's exports of digital electronics products edged down in April from a year ago due to the Korean won's appreciation and domestic manufacturers' increased offshore production, the Korean government said.

Exports dropped 0.5 percent from a year ago to U.S. $7.98 billion last month, according to the Ministry of Commerce, Industry and Energy. Imports rose 3.3 percent to $4.59 billion.

The digital-electronics trade surplus of $3.39 billion in April was down 5.2 percent from a year ago and the lowest monthly amount this year.

"The Korean currency's rise against the U.S. dollar contributed mainly to the fall," the ministry said. "Also responsible was a rise in domestic manufacturers' offshore production."

The won has risen nearly 4 percent against the greenback this year after soaring more than 15 percent last year. A stronger won usually hurts South Korean exports by making them more expensive.

Many South Korean companies have shifted their production to China and other Asian countries in search of cheap labor. However, the ministry said overseas demand for cutting-edge products like liquid crystal displays (LCDs) and plasma TVs remained strong.

China was the country's second-largest source of imports after Japan in April, the ministry said, adding that South Korean imports of Chinese products like portable computers, printers, and personal computers surged 40 percent to 90 percent. (Yonhap)

Back to Daily News

 

Daily News

...........................................................

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows