ICT Exports Hit Record $59.98 Billion in August, Nearing $60 Billion

Key points in 3 lines

1. Information and communications technology (ICT) exports reached a record $59.98 billion in August this year, and the trade surplus hit $41.37 billion, surpassing $40 billion for the first time.
2. The figures were announced on September 14 by the Ministry of Science and ICT and the Ministry of Trade, Industry and Resources, with semiconductors leading ICT exports at $46.67 billion.
3. ICT exports accounted for 61.0% of the country's total exports ($98.25 billion), exceeding 60% for the first time, leaving diversification away from a few product categories as an ongoing challenge.

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