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In 2010, The Export Of Korean Fiber Products Increased By 19.6%&Nbsp, And The Jackets Of Imported Jacket Increased By 59.4%.

2011/1/8 16:46:00 56

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The Ministry of knowledge economy of South Korea released the report on import and export in 2010 and the outlook for import and export in 2011. In 2010, exports amounted to US $467 billion 400 million, an increase of 28.6% over the previous year and an import volume of US $425 billion 700 million, an increase of 31.8% over the previous year and a trade surplus of US $41 billion 700 million, a new record for 1998.

In the whole year of 2010, the 13 major export items, except for the 11.6% decline of the wireless communication machine, were all positive growth, including semiconductor 63.3%, automotive components 62.6%, automobile 39.3%, petroleum products 37.1%, general machinery 34.9%, petrochemical 30%, liquid crystal display 27.8%, appliance 27.7%, steel products 25.4%, fiber products 25.4%, computer addiction and ship shipping.

In terms of annual import situation,

Raw material

The total imports increased by 34.5%, of which, crude oil imports increased by 35%; capital goods imports increased by 28.8%, of which the import of semiconductor manufacturing equipment increased by 202%, the import of LCD manufacturing equipment increased by 166.4%, and the import of consumer goods increased by 29.4%, of which the increase of 358.6% of the code multiplex pick up telephone imports and 59.4% of the jacket jacket increased.

Import and export outlook 2011: Korea's Ministry of knowledge economy looks forward to 2011.

Trade

The scale will exceed 1 trillion dollars, and the export target will be US $513 billion, which will grow by 9.8% compared with 2010, with an import volume of US $488 billion, an increase of 14.6%. The trade surplus is expected to reach US $25 billion.

It is estimated that the export of main industries will continue to grow. The semiconductor will grow by 7.3%, 9.2% of automobiles, 11.3% of general machinery, 11.9% of petroleum products, 10.5% of steel, 2.8% of ships, 13.4% of automobile components, 11.8% of Petroleum Chemistry, 4.1% of wireless communication equipment, 9.2% of household appliances, 9.6% of liquid crystal display, of Wistar and computer.

The Ministry of knowledge economy of Korea said that it will focus on developing emerging markets in 2011, along with South Korea, the United States and South Korea.

European Union

After the entry into force of the FTA, it is estimated that Korea will become the ninth country in the world with a total trade volume of more than 1 trillion dollars.