THE INVESTOR

메뉴열기
February 28, 2020

S. Korea most affected by US-China trade spat: report

PUBLISHED : December 10, 2019 - 13:53

UPDATED : December 10, 2019 - 13:53

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms


South Korea may have been hit the hardest among major economies by the protracted trade dispute between the United States and China due to its high dependence on exports to the countries, a report said Dec. 10.

The US and China are the world’s largest importers of Korean products with shipments to China accounting for more than one-quarter of overall exports last year, according to the report from the Woori Finance Research Institute.


In 2018, shipments to China accounted for 26.8 percent of Korea’s overall exports, compared with 19.5 percent for Japan, 7.1 percent for Germany and 4.2 percent for France, the report added.

Consequently, Korea’s exports plunged 9.8 percent on-year in the January-September period, the largest margin among the world‘s top 10 trading nations.

Outbound shipments of Britain dipped 6.3 percent on-year over the cited period, while those of Germany and Japan slipped 5.1 percent and 4.4 percent, respectively.

But because of Korea’s such large exposure to the risks stemming from the Sino-American trade dispute, the report insisted its exports may rebound just as quickly should Washington and Beijing reach an initial deal in their ongoing trade negotiations.

By Ram Garikipati and newswires (ram@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.