The forecasted IT hardware exports in South Korea as a percentage of goods exports shows a slight but consistent decline over the next five years, from 29.03 in 2024 to 28.93 in 2028. This represents a year-on-year decrease of approximately 0.1% annually. The previous two years' trend is reflective of a minor contraction in the sector. The Compound Annual Growth Rate (CAGR) over these five years is negative, at around -0.07%, indicating a marginal decline in the IT hardware export share annually.
Future trends to watch for include potential disruption due to technological advancements, geopolitical tensions affecting trade policies, and shifts in global demand for IT hardware. Additionally, emerging markets and developments in areas such as smart devices, cloud computing, and 5G could alter the export landscape significantly.
