Key Market Indicators
Korean computer hardware imports are projected to climb to approximately $2.44 billion by 2028. This marks an increase from around $2.19 billion in 2023, translating to an average annual growth rate of 1.7%. Historical data since 1993 indicates that Korean demand for computer hardware has been growing steadily at an annual rate of 2.4%. In contrast, Korean computer hardware exports are experiencing a significant decline. In 2023, exports are expected to reach nearly $217 million, a sharp drop from about $369 million in 2022, representing a 41.3% decrease year-over-year. Since 1993, the supply of Korean computer hardware for export has been on a downward trajectory, averaging a 26.5% decline each year.
