Korea'S Import And Export Situation In March 2010

South Korea's total import and export trade amounted to US $73 billion 180 million in March, achieving a trade surplus of US $2 billion 190 million. Among them, exports of US $37 billion 690 million, an increase of 35.1% over the same period, and imports of US $35 billion 490 million, an increase of 48.4% over the same period last year.

1. Export situation in March

In March, it exported 37 billion 690 million US dollars, an increase of 35.1% over the same period last year, with an average export volume of US $1 billion 570 million per day, an increase of 35.3% over the same period last year.

From the point of view of the main export commodities of Korea, semiconductor exports increased by US $4 billion 50 million, an increase of 123.8% compared with the same period last year; the export of liquid crystal equipment increased by US $2 billion 500 million, up by 45.2% compared with the same period last year; the export of petrochemical products increased by US $2 billion 180 million, an increase of 40.1% over the same period last year; the export of motor vehicles exported 1 billion 670 million dollars, an increase of 105.5% over the same period last year; the export of computers exported US dollars, up by the same period last year; the export of US wireless equipment exported US dollars, down from the same period last year; the export of fibre products was US dollars, up by the same period last year; the export of ships was US dollars, down by the same period last year; the general machinery exports were US dollars, up by year-on-year growth; the export of iron and steel products was US dollars, up from the same period last year; automobile exports were US dollars, up from the same period last year.

From export countries and regions (from March 1st to 20th), exports to China amounted to 6 billion 120 million US dollars, an increase of 47.5% over the same period last year; exports to the United States increased by US $2 billion 270 million, an increase of 30.4% over the same period last year; exports to Japan increased by US $1 billion 340 million, an increase of 34.3% over the same period last year; exports to the EU were US $2 billion 630 million, an increase of 8.4% over the same period last year; exports to Australia were 310 million US dollars, an increase of 36.8% over the same period last year; exports to ASEAN were 2 billion 860 million dollars, an increase over the same period last year.

Two. Import situation in March

In March, it imported $35 billion 490 million, an increase of 48.4% over the same period last year. The average daily import volume was 1 billion 480 million US dollars, up 48.4 over the same period last year.

From the point of view of import commodities (from March 1st to 20th), imports of raw materials amounted to 13 billion 550 million US dollars, up 56.3% over the same period last year, and imports of means of production amounted to US $7 billion 920 million, an increase of 49.4% compared with the same period last year. The import of consumer goods was US $2 billion 530 million, an increase of 50% over the same period last year.

From the point of view of imported products (from December 1st to 20th), imports of agricultural and forestry products were 1 billion 320 million US dollars, an increase of 35.9% over the same period last year; imports of mineral products increased by US $7 billion 530 million, an increase of 65.1% over the same period last year; imports of chemical products increased by US $2 billion 530 million, up 49.7% over the same period last year; imports of fiber products were US $470 million, an increase of 24.2% over the previous year; imports of iron and steel and non-ferrous metals were 2 billion 540 million US dollars, up by 37.4% over the same period last year; machinery imports were 3 billion 840 million dollars, an increase over the previous year.

From the point of view of importing countries and regions (from March 1st to 20th), China imported 3 billion 620 million US dollars, an increase of 16.1% over the same period last year, and imports from the United States increased by US $2 billion 800 million, an increase of 119.6% over the same period last year. Imports from Japan increased by 42.1%, an increase of 42.1% over the same period last year; ASEAN imports of US $2 billion 660 million, an increase of 42.7% over the previous year; from the EU's imports of 2 billion 380 million US dollars, an increase of 52.5% over the same period last year; imports from the Middle East were 4 billion 230 million dollars, an increase over the same period last year; imports from central and South America were US dollars, up from the same period last year; imports from Australia, US dollar, grew by an increase over the same period last year.

Three, March trade balance

In March, the import and export trade achieved a surplus of US $2 billion 190 million and achieved a favorable trade balance for 2 consecutive months.

From the perspective of trade countries and regions (from March 1st to 20th), China has a surplus of US $2 billion 500 million, a deficit of US $530 million, a deficit of $2 billion 410 million against Japan, a surplus of 1 billion 150 million US dollars for the region, a surplus of 260 million US dollars for the EU, and a deficit of 3 billion 200 million US dollars for the Middle East.

 

Source: Ministry of Commerce