China, which used to be the largest trade surplus country in South Korea, has now become South Korea's largest trade deficit country.
According to the Yonhap News Agency, statistical data released by the South Korean Trade Association on Tuesday (March 28) showed that in January this year, South Korea's trade revenue and expenditure in China had a deficit of US $ 3.933 billion (about 5.225 billion yuan), ChinaBecome the largest trade deficit country in South Korea in January.In the first two months of this year, South Korea ’s trade deficit with China has accumulated a total of US $ 5.074 billion, and the scale of deficit is also ranked first.
This is the first time that China has become the largest trading deficit country in South Korea in a single month and the whole year.
In March, South Korea's trade with China has not improved. Exports to China in the first 20 days decreased by 36.2%year -on -year, and imports from China increased by 9.1%.
According to the year, in 2018, South Korea traded US $ 55.636 billion in China.In 2021 (US $ 24.285 billion) ranked third, in 2022 ($ 1.213 billion) fell to 22nd.Except for 1992, the surplus of trade in China was first squeezed out of the top 20 for the first time.
Analysis believes that this is mainly due to the "dynamic clearing" policy and urban measures of China's "dynamic clearing zero" last year, leading to economic growth, which led to a decrease in exports to China, and the rise in industrial raw materials such as lithiumIncrease.
The largest product of the trade deficit to China is precision chemical raw materials (-1849 billion US dollars), and then in turn, the dry battery · battery (-1.378 billion US dollars), computer (-1124 million US dollars), industrial electronic equipment(-732 billion US dollars) and so on.
The South Korean Trade Association believes that China's trade structure has gradually transformed into domestic demand -driven, especially Chinese leading export products and consumer goods are similar to South Korea's export structure.In other words, with China's high -tech intermediate products and high -end consumer goods exports increased, South Korea and China trade showed the trend of in -industry trade in the industry.The Trade Association suggested that in order to expand exports to China and occupy a competitive advantage in the global market, it is necessary to convert export products into a large -scale import demand in China, and strive to develop the complementary relationship between bilateral economic and trade into an equal win -win relationship.
