Today, the South Korean Customs Department (Customs) released data showing that exports in the first 20 days of July fell by 13.6% year-on-year, mainly due to the decline in semiconductor exports, highlighting the continued weak global demand.
According to this trend, the possibility of a year-on-year decline in exports in July is extremely high, which will be the eighth consecutive month of decline in Korean exports.
Among them, the export of semiconductor products dropped by 30.2%, and such products constitute about one-fifth of the total exports of South Korea.
Imports fell by 10.3% in the first 20 days of July, and imports from Japan fell by 14.5% due to trade disputes between Japan and South Korea.
According to South Korea’s “Central Daily News” reported on June 26, on the 25th, the Korea Electronics and Telecommunications Industry Promotion Association’s “Hanzhong-Japan Electronics Industry Main Product Trends” report showed that six of the top eight major electronic items in Korea were last year’s. The output value has decreased from five years ago. First, the output value of color TVs in 2013 was 6.8994 trillion won, compared with only 3.7143 trillion won last year.
In addition, the same period of production value of mobile phones has also been reduced by half, from 37.2166 trillion won to 19.7712 trillion won; LCD's simultaneous output value has also decreased from 48.904 trillion won to 25.7068 trillion won. In addition, the output value of personal computers and electronic circuit boards (PCBs) has also decreased.
The report pointed out that only the output value of semiconductors and semiconductor components has increased. The output value of Korean semiconductors was 53.9264 trillion won five years ago, and it has increased to 122.9084 trillion won last year. The output value of semiconductor components has also increased slightly, from 2.5027 trillion won to 2.7024 trillion won. In terms of exports, only semiconductors and semiconductor components have increased, and exports of televisions and mobile phones have decreased.
The Korea Electronic Information and Communication Industry Promotion Association (KEA) pointed out in the report that "the migration of production facilities to overseas has caused a decisive impact on the reduction of the production and export of major parts of the Korean electronics industry." "We need to get rid of semiconductors and look for the electronics industry." New growth momentum."
According to the analysis of the report, Japan's personal computer (2.0%), display (3.4%) and semiconductor (7.1%) have increased in the same period compared with South Korea; PCB (-0.6%), semiconductor components (-3.1) %) and LCD (-2.5%) are reduced. In China, the output value of most products such as color TVs, mobile phones, personal computers, and semiconductors has increased significantly. According to the analysis of the KEA report, “South Korea still has an advantage in mobile phones and semiconductors compared with Japan and China.” “Other items, maintaining competitiveness in Japan, which is seeking a renaissance in the electronics industry, and China, which is rushing to pursue, Korea’s The situation is not optimistic."
In the past five years, in addition to semiconductors, the production and export of major electronics industries such as Korean TVs, mobile phones, and LCDs (liquid crystal displays) have shrunk. During this period, the electronics industry has been evaluated as a Korean export locomotive along with automobiles, steel, shipbuilding, and petrochemicals. Korean media said that this shows that the electronics industry, which is covered by the "semiconductor boom," is declining.
