Arab Today, arab today s korea\\s trade dependence on china deepens
Last Updated : GMT 10:35:06
Arab Today, arab today
Arab Today, arab today

S. Korea\'\'s trade dependence on china deepens

Arab Today, arab today

Arab Today, arab today S. Korea\'\'s trade dependence on china deepens

Seoul - Qna

South Korea\'\'s trade reliance on China continued to deepen in the first half of the year, outstripping the weight of its trade with the United States, as China\'\'s fast economic growth spurred demand for Korean products, data showed Wednesday. The value of South Korea\'\'s exports and imports with China accounted for 20.2 percent of the country\'\'s total customs-cleared trade in the January-June period, according to data compiled by the Korea Customs Service. The weight was down from a record high of 21 percent tallied in the first half of last year, but the portion has largely remained above 20 percent since 2008, data showed, South Korea\'\'s news agency (Yonhap) reported. Meanwhile, the weight of Korea\'\'s exports and imports with the United States made up for a mere 9.4 percent of the total trade volume in the first six months of 2011, the smallest portion ever, according to the data. In the first half of 1990, the corresponding data with the US came in at over 28 percent, but the weight has continued to fall mainly due to Korea\'\'s move to diversify its export markets. Exports account for about 50 percent of South Korea\'\'s economic output. Even as the local currency has appreciated about 6 percent to the dollar since early this year, exports are largely humming along after hitting a new monthly high of $51.4 billion in July. But economic conditions for the South Korea economy are also full of headwinds as an unprecedented downgrade of a US credit rating and the eurozone debt crisis may slow the global economy, thus sapping demand for Korean products. Experts also point out that China\'\'s runaway inflation is feared to curb domestic demand there, which would bode ill for Korean exports. South Korea\'\'s trade ministry said in July that exports are widely expected to grow at a slower pace in the second half due to uncertainties like a US slowdown and China\'\'s tightening stance even though the country\'\'s annual two-way trade volume would top US$1 trillion for the first time this year.  

arabstoday
arabstoday

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 s korea\\s trade dependence on china deepens Arab Today, arab today s korea\\s trade dependence on china deepens

 



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 s korea\\s trade dependence on china deepens Arab Today, arab today s korea\\s trade dependence on china deepens

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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