Surplus Trade Balance in June as Imports Decline Due to Falling Oil Prices
Trade Surplus Recorded in June as Imports Fall Faster than Exports In June, imports fell more steeply than exports, resulting in a monthly trade surplus for the first time in 16 months. The drop in energy imports, particularly crude oil and coal, can be attributed to the falling oil prices. Additionally, with the economic downturn, […]
“I did well in 2022”… South Korea’s medical equipment trade balance has been in the black for three consecutive years
South Korea’s medical device trade balance in 2022 was higher than 3,853.9 billion won. According to the Ministry of Food and Drug Safety, Korea’s medical device trade balance has recorded a surplus for three consecutive years since the first surplus in 2020. In particular, the production value of medical devices last year recorded a record […]
It has become difficult to make a profit in China… There is a need to reorganize the industry/export strategy
The trade deficit with China is deeply entrenched. Long-term industrial policies and export diversification strategies are needed.[사진=뉴시스] Since the establishment of diplomatic relations in 1992, China has been Korea’s representative trade surplus country to the extent that it is considered a ‘dollar box’. Then, China became the number one country in terms of trade deficit […]
Will the US banking crisis end? April economic calendar in the palm of your hand
Global financial markets are trembling with anxiety. Starting with the bankruptcy of Silicon Valley Bank (SVB) in the United States, the sale of Credit Suisse (CS), a Swiss investment bank, and the Deutsche Bank crisis theory, major banks around the world are shaking. There is even concern in the market that the global financial crisis […]
BOK: “Trade equilibrium is envisioned to be in the pink, and the present-day account to be in surplus”
With the trade deficit achieving an all-time significant very last thirty day period, the trade deficit is anticipated to keep on for the time currently being. In addition, most of the the latest trade deficit was analyzed to be attributed to an enhance in the device selling price of imports of strength-linked products these types […]
[한·중수교 30주년] The speedily modifying trade environment… Urgent operation of a cross-governing administration export handle tower
Container unloading is underway at Sinsondae Pier in Nam-gu, Busan on the morning of August 1.[사진=연합뉴스] A red light-weight has appear on for exports as it is hampered by China’s higher non-tariff barriers. In individual, China is ever more dependent on important supplies this kind of as vehicle batteries, and there are concerns that this […]
Trade deficit of $10.3 billion in the first half, “Exports are good, but energy imports are”
◀ anchor ▶ It is estimated that the trade deficit in the first half of this year exceeded 10 billion dollars. Exports are doing well, but international oil and raw material prices have risen so much that imports have risen even more. The stock price fluctuated again. Reporter Shin-Young Hong reports. ◀ Report ▶ From […]
Trade deficit of $10.3 billion in the first half, the largest in history
◀ anchor ▶ Last month, Korea’s exports achieved the best performance ever, but imports also increased significantly due to the surge in international oil and energy prices, resulting in a trade deficit. The trade deficit for three consecutive months is the first in 14 years since the financial crisis. Reporter Hong Shin-young reports. ◀ Report […]
June 1~20 export ‘quiet’… Trade balance was also $7.6 billion ‘deficit’ (total)
[뉴스토마토 김종서 기자] Exports fell 3.4% from June 1 to 20 as the number of working days decreased due to public holidays such as local elections and Memorial Day. Imports surged 21.1%, resulting in a trade deficit of $7.6 billion. According to the status of ‘exports and imports for June 1-20 (provisional value for customs […]
Exports increased by 10.1% from March 1 to 20… Trade deficit of $2.08 billion
Korea Customs Service March 1-20, 2022 Import and Export StatusDaily average exports increased by 26.4% and imports increased by 18.9% Container unloading work is in progress at Sinseondae Pier in Busan Port. yunhap news From March 1 to 20, both exports and imports increased. The daily average export value also increased, but the trade balance […]
