Korean Imports of Digital Electronic Products Up
Aug 4, 2003
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South Korea's imports of digital electronic products posted U.S. $20.67 billion in the first half of this year, up 19.7 percent or more than $3 billion on-year, the Ministry of Commerce, Industry, and Energy said Sunday.
The total includes $1.65 billion worth of goods for consumers, $6.62 billion for the information and communications industry, and $1.24 billion in electronic parts, the ministry said. It also reported a 4.9-percent increase in demand for locally made electronic goods during the given period.
According to the ministry, the increase in imports reflected consumers' preference to foreign-made products, particularly Japanese-made goods.
By item, semiconductors marked a 29.4-percent increase at $10.03 billion, representing about half of the total imports. Flat displays and sensors soared 42.5 percent, printing circuits shot up 45.3 percent, printers gained 27.7 percent, and notebook PCs surged 25.2 percent.
However, VCRs dropped 9.2 percent, desktops [computers] fell 1.7 percent, and monitors decreased 9.1 percent.
The ministry also said that the nation's digital electronic exports posted $32.91 billion during the first 6 months, up 14.5 percent from a year ago. (Asia Pulse)
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