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South Korea's Semiconductor Export in February 2017 soared nearly 60% from the same month last year (an increase of 57% to $650 million) due to the strong demand for memory from China, the Ministry of Industry, Commerce and Resources announced on the 15th, marking a record amount for the second month in a row.
Korea semiconductor and semiconductor export
On the other hand, in February, South Korea's exports of DRAM, NAND Flash and other memory products reached US$4.2 billion, which surged by more than 80% compared with the same month last year, while the exports of LSI and other system semiconductor products reached US$1.8 billion.
In terms of export countries, South Korea's semiconductor exports to China in February amounted to US$4.3 billion, accounting for nearly 70% of the total.
South Korean Semiconductor exports remained mostly around $4.0-5.5 billion until July 2016, but since August last year they have started to rise to a higher tone, rising to $6.4 billion in January this year.
BusinessKorea 15日报导，三星电子决定砸下87亿美元，扩充南韩华城厂的DRAM产能。 三星人员表示，新产线约需两年时间建造，将视研发进度和制程转换良率，决定生产18nm制程DRAM，或更先进制程的DRAM。
Samsung Electronics decided to spend $8.7 billion to expand DRAM capacity at Huacheng, South Korea, Business Korea reported Friday. Samsung staff said that the new production line will take about two years to build. Depending on the R&D progress and process conversion yield, it will decide to produce 18-nm process DRAM or more advanced process DRAM.
Samsung Electronics representative said that Samsung DRAM's gross profit rate is more than 45%. Despite its high price, Samsung's products are in short supply in the market because of their superior quality and superiority to competitors. Samsung is a memory hegemony. It accounted for 48% of the world's DRAM market last year.
South Korea's export projects are numerous and have always been regarded as a thermometer of global trade. From the high export prices of South Korea in the same month, we can see that this year's global recovery is quite strong.
During the same period, South Korea's exports jumped 23.3% to $35.97 billion, with a trade surplus of $7.22 billion, showing a surplus for 61 consecutive months. According to Reuters survey, analysts expected exports and imports to grow by 14.7% and 21.7% respectively.
In addition, data show that South Korea's exports to China, its largest trading partner, have grown for the fourth consecutive month, and the growth rate of semiconductor exports to China has reached an all-time high.
Exports are beyond expectations, which is gratifying for South Korea, but it may also invite us president trump. Reducing the huge trade deficit of the United States is one of Trump's political views. Trump has previously criticized China and Japan for manipulating the exchange rate. However, the financial times of the United Kingdom recently named South Korea and Taiwan actively intervening in the foreign exchange market and making huge gains in trade surplus.