South Korea Exported 15.7% Of Its Fiber Products In August This Year.

2011/9/5 15:42:00 35

Export Growth Of Fiber Products In Korea This Year

Korea's Ministry of knowledge economy announced in August this year.

Exit

Trend statistics, the export amount of $46 billion 380 million, an increase of 27.1% compared with the same month last year, the cumulative 1 to August exports amounted to $370 billion 720 million, an increase of 24.3%. over the same period last year

In the 13 major export projects in August, except for 2 exports of semiconductors and liquid crystal displays, 14.1% and 21.5% respectively declined.

Petroleum products 84.5%, ships 77.5%, computer 42.2%, petro chemistry 34%, automobile 32.5%, automobile components 31.7%, steel products 30.9%, household appliances 26.9%, general machinery 23.5%, fiber products 15.7% and wireless communication machine 7.1%.

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In addition to the 5.9%, 0.3% and 31.4% decline in exports to the US, the Middle East and central and South America, the rest of the region was growing, with 16.5% growth in mainland China, 30.9% growth in Japan, 7% growth in the European Union, 26.9% growth in ASEAN and 42.1% growth in Oceania.

South Korea's Ministry of knowledge economy said it was subject to seasonal factors such as summer vacation and IT.

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The slowdown in export growth and the reduction in exports of steel, automobiles and ships resulted in a significant reduction in trade surplus to US $800 million in August, the lowest level in the past 19 months.