Semiconductor, LCD, home appliances significant increase in exports in February
Report: month exports 33.14 billion U.S. dollars; imports amounted to 31.06 billion U.S. dollars, a trade surplus of 2.28 billion U.S. dollars. Among them, only the Chinese trade surplus of 3.31 billion U.S. dollars that is.
It is reported that in January there after a lapse of 1 year Korea's first foreign trade deficit, then ignited a number of "sandwich dilemma" such pessimistic talk. However, the trade black again this month, making pessimism again disadvantage.
Data showed exports rose 30.5% in the month, while imports rose 37.5%. Exports, semiconductors (112.6%), liquid crystal components (59.8%) Oil Products (39.9%), household electrical appliances (38.8%), cars (32.8%) showed a high double-digit growth; and Mobile Wireless communication equipment such as raise the ratio of overseas production factors, then fell 22.7%, continuing a trend of high double-digit decline in the lower. Import side, obviously due to signs of economic recovery, restoration of business confidence, factors of production, raw materials, a sharp growth of imports. Among them, imports of petroleum products and other raw materials rose 42.8%, semiconductor components and other production rose 30.9%, cars, liquor and other consumer goods increased by 27.1%.
From the national (regional) trade structure, China, the United States and Southeast Asia continued surplus situation, and Japan (semiconductor components) and the Middle East (oil) is a significant trade deficit continue to occur. Which, in February exports to China grew 43.1% year over year, to 7,960,000,000 U.S. dollars; imports from China were up 31.6% to 4,650,000,000 U.S. dollars; on the trade surplus higher than the total surplus in the month to 33.1 million. Southeast Asia exports 6.63 billion U.S. dollars, 4.15 billion U.S. dollars of imports, the trade surplus reached 2.48 billion U.S. dollars, ranked No. 2; on U.S. exports 3.41 billion U.S. dollars, 2.87 billion U.S. dollars of imports, the trade surplus reached 540 million U.S. dollars.
2 ?? exports to South Korea's trade with Japan rose 28.8%, to 1.98 billion U.S. dollars; However, imports rose 31.2% to reach 4.9 billion U.S. dollars, the amount of import and export trade deficit expanded to a new high of 2.93 billion U.S. dollars. In addition, crude oil prices and oil Chemical industry Vigorous demand for raw materials such as the impact of Middle East exports to South Korea that month was only 1.8 billion U.S. dollars, while imports were up 6.55 billion U.S. dollars, a record 4.75 billion U.S. dollars of trade deficit the most.
In addition, on the trade, despite a record surplus of 3.31 billion U.S. dollars of high value. But Korea still relevant institutions RMB appreciation Anxieties, that would affect South Korea's exports to China, allowing the import and export pressures. But the agency also pointed out that if the yuan continues to appreciate, then it will result in the yuan may be greater than the impact on the dollar won, and won a certain pressure on the appreciation.
In addition, despite the coexistence of factors that increase or decrease in exports, still unable to RMB appreciation will have on South Korea's import and export trade constitutes a specific effect to the clear conclusion. However, the agency pointed out that RMB appreciation would lead to raising the dollar price of Chinese products, therefore, developed countries exports, South Korea will further enhance price competitiveness. But if the won appreciation to keep pace, it will dilute the leverage that the exchange rate derived from the price competitiveness.
Data, in 1991, exports of South Korea on the size of about 10 billion U.S. dollars in 2009 increased to 86.7 billion U.S. dollars, the Chinese in Korea, the proportion of total exports also increased from the original 1.39% to 23.85%. The same period, South Korea's imports of Chinese from 34 billion U.S. dollars, 54.2 billion U.S. dollars just to, reliance by 4.22%, up to 16.79%. Comparing the two, in 2009 South Korea's trade surplus up 32.5 billion U.S. dollars in China.
Chinese consumer Electronic Channel Business Alliance (CECA) Academic Advisor Professor Li Dejun, said: "In the past South Korea Customs Service announced the first two months of data, import and export trade between China and ROK in the other structures are occupying a pivotal position. The two governments in the development of trade and economic relations, should take a more active, open and cooperative attitude. particularly in South Korea IT , Car , Home appliances and other large investment in China, the ROK should take positive and pragmatic attitude, to eliminate 'core technologies of' barriers and create a new situation in Sino-ROK economic and trade cooperation between the two countries. "
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