Trade News in Brief -Korea

According to south Korean customs statistics, from January to August in 2019, the import and export of south Korean goods were us $701.0 billion, down 7.2% from the same period last year (the same below). Of this, exports were 361.46 billion us dollars, down 9.6%; Imports dropped 4.6 percent to $338.64 billion. The trade surplus was $22.83 billion, down 49.1%.

South Korea’s imports and exports of goods fell 9.4 percent to $86.60 billion in August. Of this total, exports were $44.13 billion, down 13.8%. Imports were $42.48 billion, down 4.2%. The trade surplus was $1.65 billion, down 75.8%.

From January to August, bilateral goods imports and exports between South Korea and China dropped 9.2% to us $160.25 billion. South Korea’s exports to China totaled us $88.45 billion, down 17.6%, accounting for 24.5 percent of South Korea’s total exports, down 2.5 percentage points. The rok’s imports from China totaled us $71.81 billion, up 3.7 percent, accounting for 21.2 percent of the rok’s total imports, up 1.7 percentage points. South Korea’s trade surplus with China fell 56.2 percent to $16.64 billion.

As of August, China was South Korea’s largest trading partner.

to Korea 2to Korea 1to Korea 3


Post time: Oct-21-2019
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