South Korea's Exports To The US Are Expected To Increase Due To The Entry Into Force Of FTA.
The report of the 2012 economic and industrial outlook released by the Korea Institute of industry shows that the export growth rate of Han Guoming (2012) may be significantly reduced compared with this year, only 7%, and the trade surplus is about 24 billion US dollars, but the proportion of exports to the United States and
tariff
Exports of vehicles, fibers and general machinery are expected to increase as a result of the Korea us free trade agreement (FTA).
According to the above report, South Korea will reduce its export volume and stabilize oil prices next year due to the global recession.
Price
The growth rate of exports is expected to decline from 20% this year to 7%, with an export volume of about 595 billion 500 million dollars.
Another import
growth rate
It may also fall to 8.5% from 23.9% this year.
The growth of the size of the total trade will be blunted, and the trade surplus may be reduced from US $29 billion 500 million this year to US $24 billion, and the average annual economic growth rate may also be only 3.7%.
Next year's export growth rate of the 10 major export industries in Korea is expected to decrease from 14% this year to 6.5%.
Among them, the export growth rate of shipbuilding industry, which is quite high in exports, will deteriorate from 10.4% this year to 8.4% next year.
The possibility that semiconductors will continue to maintain negative growth this year is quite high. The export growth rate of machinery, steel and petrochemicals is estimated to decrease from 27.5%, 30.9% and 28.4% this year to 15.3%, 13.1% and 13.5% respectively next year.
Moreover, the export growth rate of motor vehicles may decrease slightly from 10.4% this year, but it is still expected to maintain a high growth rate compared with other industries.
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