Affected by Chinas urban sealing and control, South Koreas export proporti

The latest data released by the South Korean Trade Association shows that due to the impact of the implementation of control measures in many cities in China under the epidemic, the proportion of exports to China in South Korea's foreign trade has gradually declined, and the proportion of exports to the United States has increased.

According to the Yonhap News Agency, according to analysis, in addition to the implementation of the seal control in many cities in China, the technological progress of China's manufacturing industry and the upgrade of trade friction in the United States and ChinaThe role.

According to data released by the South Korean Trade Association, South Korea's export value in the first half of this year was 350.5 billion US dollars (the same, about 486.5 billion yuan).23.2%($ 81.4 billion).During the same period, exports to the United States increased by 0.4 percentage points year -on -year to 15.7%($ 54.9 billion).Although the export value to China increased by 6.9%year -on -year, the increase was far lower than the increase in total exports (15.6%), and less than half of the United States (18.2%).

The phenomenon of the proportion of South Korea's export to the United States is not unique this year.Last year, the proportion of South Korea's exports to China decreased by 0.6 percentage points year -on -year to 25.3%. During the same period, exports to the United States increased from 14.5%to 14.9%.From 2018 to the first half of this year, South Korea's exports to China accounted for 26.8%to 23.2%, and the proportion of exports to the United States increased from 12%to 15.7%.

South Korea's trade revenue and expenditure in China has deficit in May and June of this year, with the deficit of 1.1 billion and US $ 1.2 billion, respectively.According to statistics from the South Korean Customs Department, the deficit of 20 days in July reached $ 1.5 billion.This is largely influenced by the sealing control of many large cities such as Shanghai, Beijing, and Shenzhen, such as from April to May this year.

According to analysis, the technological progress of the Sino -US trade war and the technological advancement of China's manufacturing industry is also a factor that led to the decline in the proportion of exports to China.The report released by the South Korean Trade Association recently pointed out that in 2015, in China's high -end technology import market, South Korea and Taiwan's market share was 19%, but last year, the market share of the two was 15.9%and 25.2%, respectively.According to the analysis, after the start of the US -China trade war, China sought the diversification of imports of high -end products, so it has increased from high -end products such as semiconductors imported from Taiwan.

On the other hand, South Korea joined the United States -led Indo -Pacific Economic Framework (IPEF), and it was also required to be demanded whether to add the "Chip Quartet Alliance" (Chip 4) before the end of next month.These situations will attach attention to what impacts of South Korea's export trends in China.