[앵커]
Although imports are increasing due to the high price of raw materials and the exchange rate, there is also a growing crisis that exports will slow down due to the possibility of an economic downturn in the United States, our main market.
In the midst of this, the trade deficit continues and if it runs a deficit by this month, it will record a deficit for the sixth consecutive month in 25 years.
The government held a meeting to check import and export trends with industry officials.
We’ll see.
[추경호 / 부총리 겸 기획재정부 장관]
I would like to express my thanks to everyone involved in your busy schedule and to the representatives of organizations involved in trade.
Then, we will start the export and import trend survey meeting from now on.
Exports have played a role in driving the growth of the Korean economy, but recently, export growth has been slowing, and trade regions continue to exist due to a lack of energy imports.
Looking at the trends from September 1st to 20th, the trade deficit showed a slight decrease compared to the last few months, thanks to the improvement of the trade surplus with China, which had been in the red during the last few months.
Close scrutiny is said to be necessary due to the risk of export restrictions focused on semiconductors and China, and the high volatility of energy prices.
Meanwhile, although the importance of service trade has grown due to the development of the economic structure, the service balance has been improving recently, playing a major role in maintaining this year’s current account surplus.
We will accelerate the development of the trade structure by improving competitiveness in the service industry, such as tourism and content, with the momentum of improving the transport balance and foreign construction orders.
Through today’s meeting, the government intends to examine in detail the recent import and export trends and major issues from industry and focus policy capabilities together with associations and organizations from major industry.
First, to promote export vitality, we plan to expand the supply of trade finance to a maximum of KRW 351 trillion this year, and use the reserves to provide additional support of KRW 12 billion as soon as possible to alleviate the burden of logistics costs . , which is a big burden on the site.
YTN Namgi Kwon (kwonnk09@ytn.co.kr)
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