Saturday, September 24, 2011

Korea ranks top for communication device exports

According to the OECD, Korea ranked first among OECD members for exporting communications equipment in 2009.

The news was released in the Communications Outlook, a biannual report issued by the Working Party on Communication and Infrastructures and Services Policy (WPCISP) under the Committee for Information, Computer and Communications Policy (ICCP) of the OECD, in order to examine recent developments in the communications sector.

The communications equipment included cell phones and all sorts of data sending–and-receiving devices. Korea exported equipment worth around US$29.5 billion in 2009, which was six times the exports from 1999.

Korea also recorded the largest trade surplus from communications equipment, earning 25 billion dollars. Among the OECD members, only six countries including Mexico, Hungary, and the Czech Republic recorded a trade surplus during the same year. The OECD concluded that those countries have specialized industrial structures for the production of communications devices.

This year’s report used the definition of information and communications technology (ICT), which was created by the OECD. Among ICT products, communications equipment ranked third for exports following electronics and computers.

For the family communications expense index, Korea ranked second with a score of 1.671. The index is calculated by relative expenses related to communications in each country which includes expenses for equipment, telecommunications services, and mailing services.


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