Import And Export Situation Of Han Ben (2019) In July

The Ministry of industry and Commerce of Korea announced the "import and export trend in July (2019)". The export volume of South Korea in July this year was about $46 billion 136 million, a decrease of 11% compared with the same month (2018), and the import amount of about $43 billion 695 million, a decrease of 2.7% compared with the same month last year, with a trade surplus of about 2 billion 441 million dollars.

In July this year, the 13 major export projects in South Korea (from July 1st to 31st Customs Statistics), compared with the same month (2018), exports of automobiles, household electrical appliances and auto parts increased by 21.6%, 2.2% and 1.9% respectively, while the exports of general machinery decreased by 5%, textile products decreased by 6.4%, ships reduced by 6.5%, petroleum products reduced by 10.5%, petroleum chemistry decreased by 12.4%, steel reduced 21.7%, computers reduced, and semiconductors reduced, and wireless communications machines reduced.

(1) export

The main export areas (provisional value of Customs Statistics in from July 1st to 31st) increased exports to Vietnam, increased 0.5% to the ASEAN countries (ASEAN) and increased 0.3% to the European Union (EU), while exports to other regions declined, exports to Japan decreased by 0.3%, exports to the United States decreased by 0.7%, India reduced by 7.6%, mainland China reduced by 16.3%, China and South America reduced by 23.6%, and by 7.8% to the Middle East. The other 5 export commodities with export potential, 0.5% of cosmetics exports, 8.7% of agricultural and aquatic products and 13% of pharmaceuticals, while 1.5% of domestic products and 7.6% of fashion clothes. (Provisional Statistics on customs clearance in from July 1st to 31st).

(two) import

Imports of consumer goods and intermediate goods increased by 10.7% and 2.8% respectively in the month of July 2019 compared with the previous month (2018), while imports of raw materials and capital goods also decreased by 13.5% (the provisional value of Customs Statistics in from July 1st to 31st). Among them, the import of major energy resources projects, only gas imports increased by 3.3% compared with the same month last year. Imports of coal decreased by 8% compared with the same month last year, 18.4% of petroleum products and 22% of crude oil.

According to the Minister of industry and Commerce resources of the Ministry of industry and commerce, Cheng Yun Mo, the government of South Korea has a strong sense of crisis in the current export recession. In the second half of this year, the export system will be launched in an all-round way to restore export vitality in the second half of the year. In addition to strengthening and expanding the "export vitality promotion team 2" to assist manufacturers in solving the problem, a briefing will be given to the 20 major manufacturers facing operational problems because of Japan's export control measures. The government's response plan will be introduced and 1 to 1 consultation will be provided.

Minister Cheng pointed out that if Japan decides to exclude South Korea from the list of "white countries", the government will adopt the Countermeasures of simulated situations in real time, so as to minimize the impact of the Korean economy and to cooperate with the non-governmental organizations to thoroughly cope with the difficulties. In addition to the comprehensive response to bilateral and multilateral cooperation in the prosecution of WTO Japan's export control measures, the government will also provide tax, R & D funds and trade insurance support to help early guarantee the volume of goods, explore the technology that can replace the manufacturers, develop the main components and equipment.