South Korea's digital electronics exports shot up 11.8 percent in August from a year earlier, thanks to strong demand for semiconductors and flat panel displays, the government said Tuesday.
"The strong global economy is fueling demand for parts that go into use for premium electronics goods," Kim Sung-jin, head of the ministry's digital industry team, was quoted by South Korean news agency Yonhap as saying.
The Ministry of Commerce, Industry and Energy said overseas shipments of digital electronics goods reached 11.07 billion U.S. dollars last month, compared to 9.90 billion dollars a year earlier.
Imports also increased 11.1 percent to 5.64 billion dollars, with the trade surplus in digital electronics climbing 12.7 percent to 5.44 billion dollars.
Exports to China shot up 38.0 percent to 3.09 billion dollars, while shipments to the United States edged down 4.6 percent to 1. 21 billion dollars. South Korean digital electronic exports to the European Union were up 6.2 percent annually to 1.88 billion dollars in the one-month period, while those to Japan fell 7.5 percent vis-a-vis August 2006.
In the eight months of this year, digital electronic exports reached 79.52 billion dollars worth, while import stood at 43.31 billion dollars, the ministry said.
Source: Xinhua
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