China'S Largest Foreign Trade Dependence On Korea Is &Nbsp; Up To 25.8%.
The latest 5 years of Korea's dependence on foreign trade, published by the Ministry of knowledge and economic affairs of Seoul on 4 may, showed that Korea's dependence on China's foreign trade reached 25.8% in 2009. China has become the country with the highest dependence on foreign trade.
Korea's dependence on foreign trade in other countries or regions is measured by the proportion of bilateral trade between Korea and the total volume of foreign trade in Korea.
Data show that Korea's trade dependence on China in 2005 was 18.4%, showing a trend of increasing year by year. By 2008, Korea's trade dependence on China had surged to 30.8%, but in 2009 it fell slightly.
Last year, South Korea's trade dependency on the European Union was 18.3%, its trade dependence on Japan was 13%, and the United States was 12.2%.
Among them, Korea's dependence on foreign trade in the United States reached 13.2% in 2005, then increased year by year, reaching 15.5% in 2008, but fell to 12.2% in 2009.
With the recovery of the Korean economy and the increasing trade between China and South Korea, especially the recent import of large quantities of vegetables from China to alleviate the pressure of excessive fresh food prices in China, the ROK's dependence on China's foreign trade is likely to increase further this year.
On the contrary, trade dependence on the United States may decline slightly.
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Related news
Chinese investors increase holdings of Korean stocks and bonds
The total size of Korean stocks is second among foreign investors.
Xinhua news agency, Seoul special telegram, 4, said that as of the end of September this year, the total number of Korean listed bonds held by Chinese investors reached 5 trillion and 150 billion 500 million won, which jumped to fourth place after Thailand, the United States and Luxemburg. The total size of Chinese investors holding shares in the Korean stock market reached 1 trillion and 942 billion 100 million won, ranking second.
Data show that the amount of Korean listed bonds held by Chinese investors at the end of last year totals 1 trillion and 872 billion 600 million won, ranking eleventh, but this year, Chinese investors are showing positive buying momentum in Korean financial market, increasing their holdings of Korean bonds and stocks.
In the first 9 months of this year, the net investment of foreign investors in the Korean bond market was 5 trillion and 517 billion 400 million won, ranking first, followed by China, 3 trillion and 278 billion won, and the United States was 3 trillion and 16 billion 400 million won. (Luxemburg)
By the end of September, the total size of Korean bonds held by foreign investors reached 74 trillion and 622 billion 900 million won, accounting for 6.7% of the total market size.
In the stock market, as of the end of September this year, foreign investors held the top 5 trillion and 641 billion 200 million stake in the Korean stock market, accounting for 33% of the total size of foreign investors' holdings, while China's shareholdings in the Korean stock market increased from 1 trillion and 486 billion 500 million won at the end of last year to 1 trillion and 942 billion 100 million won at the end of September, accounting for 30.6% of the total size of foreign investors holding shares, ranking second, followed by Ireland, accounting for 29.6%.
By the end of September, foreign investors held a total stake of 335 trillion and 840 billion 500 million won in the Korean stock market, accounting for 29.7% of the total market size.
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