subject: Hot Comment: China Will "change" Korean Large Granary? - Household Appliances Export, [print this page] < BR> good start in Korea < BR> good start in Korea
Korean Ministry of Knowledge Economy announced on the 1st dynamic import and export report, in January year on year volume of trade between South Korea's exports surge 47.1%, reaching 31.08 billion U.S. dollars; imports were up 26.7%, reaching
315
.5 Billion. While exports hit a record high since 1990 growth record, but because of increased imports to maintain a 10-month-long halt the trade surplus, deficits as high as 470 million U.S. dollars.
(89.9%), petrochemicals (75.6%), automotive (64.2%), and most of the major export products are maintained significant growth trend. At the same time last year, a record trade surplus of ships (down 22.9%), and wireless communications equipment (down 2.1%) while the situation down there.
Regional exports (January 1 ~ 20), an increase of 88.5% year on year in China, Association of Southeast Asian Nations (ASEAN) with 50.3% growth, developing countries (regions) are still maintained a high export growth; another , along with the global economic upturn, the European Union (EU), the United States were up 27.7%, 12.4%.
China's major contribution
In addition, judging from last year. With Japan, Korea Customs Service announced that the central bank, and last year South Korea's dependence on imports and exports to China reached 20.53%, 19.63% higher than the level in 2008 increased by 0.9 percentage points; the same period, trade dependency on the United States only 10%. Korea, China accounted for an increasing share of imports and exports, or the Chinese market as South Korea's "big barn" becoming more and more apparent.
Alleged that in 1991 when the first statistical Korean import and export dependence on China is only 2.9%, first time in 2001 rose to 10.80% above the median 2; since 2003, exceeding Japan (14.38% ) reached 15.30%; 2004 Zeyi 16.59%, more than the U.S. dependency of 15.84%.
Contrast, South Korea's foreign trade dependence on China, rising year by year, not the increase in volume of imports from China, on the contrary, the growth in exports year after year, the trade surplus with South Korea due. In 1991, exports of South Korea on the size of about 10 billion U.S. dollars, increased to 86.7 billion U.S. dollars last year, the Chinese in Korea, the proportion of total exports also increased from the original 1.39% to 23.85%. The same period, South Korea's imports from China 3.4 billion to 54.2 billion U.S. dollars only; dependence from 4.22%, up to 16.79%. Comparing the two, for South Korea, China and South Korea's trade surplus reached 32.5 billion U.S. dollars; For China, opening up the domestic market, need to further consider opening the Korean market, narrowing the trade deficit on the Korean issue. Especially in the won depreciation, appreciation of the yuan against the background of implicit, preliminary estimates of trade exchange differences between the two countries could reach 50 billion U.S. dollars scale.
The contrary, Korea's import trade dependence on the United States in 1991 to 24.42 percent from last year's 9.71% decline; dependence on Japan by 21.82% over the same period, down to 10.37%. On the surface, both lower than China, but, if the total amount of import and export trade weighted index dependence on it, with the former two more than China is clearly at a disadvantage.
Chinese consumer
Electronic
Channel Business Alliance (CECA) Academic Advisor Professor Li Dejun informal organization, said: "To some extent, the Chinese market 'transfiguration' South Korea's largest granary is a good thing."
"On the one hand, this is Korea
Samsung
Electronics, LG Electronics, Hyundai Motors, Hynix and other enterprises investment in China has intensified the inevitable result; the other hand, exports to China from South Korea Type of view LCD panel, semiconductor, increasing the proportion of auto parts, and appliances , cars, cosmetics and other machine equipment or product ratio is shrinking; on Chinese imports, the
Food
, Cloth, wine, IT, small appliances and other products processing an expanding further information on import and export structure of China-ROK trade, although in an unbalanced state, but already showing signs of a more reasonable.
