South Korea registered a trade deficit with the European Union (EU) in 2012 due to less demand from the region, which is struggling with prolonged fiscal debt problems. According to Korean news agency (Yonhap), South Korea’s exports to the EU fell 11.4 percent on-year to $49.4 billion, while imports from the economic block increased 6.4 percent to $50.4 billion. The 2012 deficit is attributed to weakening exports of South Korean products to the EU still struggling with the prolonged debt problems. Exports of such flagship products as ships, mobile communications equipment and semiconductors plunged more than 30 percent last year, leading the overall exports decline, the agency said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor