Arab Today, arab today south koreas exports to china drop 7 in q1
Last Updated : GMT 05:03:58
Arab Today, arab today
Arab Today, arab today

South Korea's exports to China drop .7 in Q1

Arab Today, arab today

Arab Today, arab today South Korea's exports to China drop .7 in Q1

South Korea's exports to China drop .7 in Q1
Seoul - QNA

South Korea suffered a 15.7 percent fall in exports to China in the first quarter this year, data showed Sunday. 
It marks the biggest drop in seven years in South Korea's outbound shipments to China, its single biggest market. China accounts for about 25 percent of South Korea's total exports, Yonhap news agency reported. 
Exports to China stood at US$28.5 billion in the year's first three months, down 15.7 percent from a year earlier, according to the Korea International Trade Association (KITA). 
Experts cited a structural problem and suggested a shift in trade strategy. 
"Over 70 percent of South Korean goods exported to China are intermediate goods. China's demand for those is diminishing," said Park Jin-woo, head of KITA's strategic market research office. "In particular, China is making massive investments and expanding facilities in such sectors as semiconductors, while reducing imports". 
He stressed the need for targeting the consumer goods market instead. 
South Korea's exports to the United States also sank 3.3 percent on-year to $16.8 billion in the January-March period and imports were down 4.9 percent to $10.1 billion. 
Trade with Japan remains in trouble as well. Exports fell 13.1 percent to $5.5 billion, representing a double-digit drop for the sixth consecutive quarter, and imports dwindled 11.2 percent to $10.6 billion. 
In contrast, exports to Vietnam, which has emerged as South Korea's third-largest exports market, maintained an upward trend. Exports grew 7.6 percent to $7 billion, although growth rates showed signs of slowing. 
South Korea's combined exports plunged 13.1 percent in the first quarter to $116 billion, sharply reducing the economy's dependence on trade, according to the trade ministry. 
The ratio of the nation's trade to its gross national income (GNI) stood at 88.1 percent at the end of last year, the Bank of Korea also said in separate data. 
The figure represents the lowest since 2007, when it recorded 81.6 percent. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas exports to china drop 7 in q1 Arab Today, arab today south koreas exports to china drop 7 in q1

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 05:46 2017 Saturday ,25 February

Record unemployment in Brazil

GMT 05:33 2017 Saturday ,25 February

Indian wind power tariffs fall

GMT 05:27 2017 Saturday ,25 February

German construction sector grows
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday