April 2022 ICT exports achieved the highest performance on a cumulative April basis, falling short of March's $23.26 billion but continuing double-digit growth for 13 consecutive months.

The Ministry of Science and ICT announced on the 12th that April 2022 ICT exports recorded $1.994 billion, representing a 16.9% increase compared to the same month of the previous year.

Imports recorded $1.213 billion, representing a 12.4% increase compared to the same month of the previous year.

Despite an overall export deficit of $2.66 billion due to expanded global uncertainty from the Russia-Ukraine conflict and China lockdowns, the ICT industry achieved a trade surplus of $7.81 billion.

Semiconductor April exports recorded $19.94 billion, a 16.9% increase compared to the same month of the previous year, marking 23 consecutive months of growth.

Memory semiconductors recorded 20 consecutive months of growth due to sustained demand from downstream industries including resumed data center investments and premium smartphone launches, while system semiconductors exceeded $400 million for 2 consecutive months as foundry business conditions remained favorable, recording double-digit growth rates for 13 consecutive months.

Display April exports recorded $2.05 billion, a 22.5% increase compared to the same month of the previous year, marking 20 consecutive months of growth due to sustained demand for organic light-emitting diode (OLED) products accounting for over 50%.

With sustained demand for high-value-added mobile displays, OLED recorded $1.17 billion, a 38.8% increase compared to the same month of the previous year.

Mobile phone April exports recorded $1.24 billion, a 0.6% increase compared to the same month of the previous year, with export growth mainly driven by components. In particular, demand for high-value-added key components (camera modules, etc.) continued.

Computers and peripherals April exports recorded $1.76 billion, a 58.0% increase compared to the same month of the previous year, marking the highest April export figure on record. Solid State Drives (SSD) recorded $1.44 billion, a 92.0% increase compared to the same month of the previous year, continuing double-digit growth for 11 consecutive months.

Exports to China, the United States, and the European Union increased across semiconductors, displays, mobile phones, and computers and peripherals, with all five major markets showing 12 to 28 consecutive months of growth.

China ($8.36 billion) △Vietnam ($3.0 billion) △United States ($2.67 billion) △EU ($1.34 billion) △Japan ($370 million) △Others ($4.19 billion) followed.