Amidst the continued decline due to the global economic slowdown and slowing demand for IT devices, ICT exports reached $16.66 billion in November 2022, maintaining a share of over 30% of total exports.

The Ministry of Science and ICT announced that ICT exports in November 2022 reached $16.66 billion, a 22.5% decrease from the same month last year, and the trade balance achieved a surplus of $3.82 billion.

Imports amounted to $12.84 billion, up 0.6% from the same month last year.

Major items such as semiconductors, displays, and computers and peripherals decreased, but mobile phone parts continued to increase, focusing on high value-added items.  
Semiconductor exports in November fell 28.4% year-on-year to $8.66 billion, failing to exceed $10 billion.

Memory semiconductor sales recorded a decline for five consecutive months since June, reaching $3.84 billion, due to inventory accumulation caused by a decrease in demand from the downstream industries and a continued decline in contract prices.

Despite the slump in memory semiconductors, system semiconductors recorded growth for 31 consecutive months, exceeding $4 billion for six consecutive months due to continued demand for digital transformation.

Displays recorded $2.01 billion, a 17.3% decrease year-on-year, due to a simultaneous decline in liquid crystal displays (LCDs) and organic light-emitting diodes (OLEDs).

OLED sales decreased by 7.6% year-on-year to $1.41 billion due to a shift toward a decline in OLED sales centered on small and medium-sized high-value-added mobile devices. LCD sales fell 33.5% to $360 million due to the accelerated transition to OLED business, reduced domestic production, and lower unit prices.

Mobile phone exports in November increased to $1.1 billion for parts due to continued demand for high value-added parts, while finished product exports increased in some regions due to continued demand for premium phones, but decreased to $280 million, recording a 6.2% decrease year-on-year to $1.38 billion.

Computers and peripherals recorded $970 million, a 45.2% decrease year-on-year, as demand for IT devices decreased due to the global economic slowdown.

Major regions such as China, Vietnam, the European Union, and Japan all recorded declines due to the decline in demand from upstream industries and the reduction in IT device production caused by the slowdown in global economic growth.

China's exports fell 30.2% year-on-year to $7.02 billion, due to continued factory shutdowns and stagnant domestic demand stemming from China's zero-COVID policy. The US saw an increase in secondary batteries, but a 25.9% year-on-year decline to $1.84 billion, due to declines in semiconductors, computers, and peripherals.