According to the latest data from South Korea, from April 1st to 10th this year, South Korean semiconductor exports fell 40%, especially South Korea's exports to China decreased by 31.9%.Analysis believes that China has gradually become the largest trade deficit country from South Korea's largest trading surplus.
This year, South Korea's trade revenue and expenditure in China may become the first deficit in 31 years.
South Korea Customs Department (Customs) released on Tuesday (April 11) shows that the exports of South Korea 10 days in April by 8.6%year -on -year to US $ 1427 million, due to global chips (also known as chips) demand continued continuouslyDowager.Imports increased by 7.3%to $ 17.4 billion, leading to a trade deficit of US $ 3.417 million.
The exit of the chip continued to decline sharply, and the exit volume dropped by 39.8%in 10 days in April to $ 1.77 billion.The exports of oil and steel products decreased by 19.9%and 15.1%, respectively to $ 1.1 billion and $ 1 billion.Conversely, automobile exports increased by 64.2%to $ 1.5 billion.
From the perspective of export destinations, South Korea's exports to China decreased by 31.9%to US $ 2.666 million, and South Korea's trade with China has decreased for 10 consecutive months.But South Korea's exports to the United States increased by 32.1%year -on -year to $ 345 million.
In order to attend the Deputy Prime Minister and Minister of Planning Treasury, the Deputy Prime Minister and Planning Finance Minister of Planning, who attended the G20 (G20) of the Twenty Group (G20) and the Central Bank President meeting, said in New York on the 10th that South Korea ’s large -scale trade with ChinaIt has ended.
He said that China will not provide a chance to rebound quickly for the Korean economy, but the Chinese economic recovery will have a positive impact on the Korean economy after a period of time.
Qiu Qinghao said that the active manufacturing industry can stimulate South Korean exports. The consumption demand of Chinese tourists will also have a positive impact on South Korean service exports. However, it is still to be observed.
The possibility of poor exports to China, Qiu Qinghao believes that there will be no phenomenon of continuous deficit, but the era of large -scale surplus in the past has ended.
According to data from the South Korean Trade Association, the trade deficit with China in January and February this year reached US $ 573.1 million, and the trading deficit in China was the largest.By 2018, South Korea's trade with China still surplus reached 55.636 million US dollars.
South Korea's largest opposition leader, Lei Zaiming, said that South Korea's trade dependence on China is high. In this case, the problem of trade deficit with China will seriously test the South Korean economy.In order to break the current economic situation, it is necessary for the government to start a practical diplomatic diplomacy centered on national interests.
