South Korea’s Ministry of Trade, Industry and Energy announced the import and export trends in October 2015 (tentative value of customs clearance statistics from October 1 to 31). South Korea’s export value in October 2015 was approximately US$43.47 billion, which was significantly higher than that in the same month in 2014. A decrease of 15.8%, the import value was approximately US$36.78 billion, a decrease of 16.6% compared with the same month in 2014, the trade surplus was approximately US$6.69 billion, and the monthly trade surplus record continued to be maintained for 45 months.
Among South Korea’s 13 major export items in October 2015 (tentative value of customs clearance statistics from October 1 to 31), except for wireless communication equipment, which increased by 39.0% compared with the same month in 2014, the other export items showed a decline.
Computers, automobiles, general machinery, semiconductors, automobile parts, flat display devices, fibers, home appliances, steel products, petrochemicals, petroleum products, and ships declined by 0.4%, 1.3%, 3.7%, and 7.0 respectively compared with the same month in 2014. %, 7.5%, 9.7%, 15.0%, 24.2%, 29.6%, 31.6%, 44.9%, 63.7%.
In terms of major export regions (tentative value of customs clearance statistics from October 1 to 31), only exports to Vietnam increased by 12.7%, while exports to other regions showed a decline, with a decline of 8.0% to China and an 11.4% decline to the United States. , the EU declined by 12.5%, ASEAN by 12.6%, the Middle East by 25.4%, Japan by 25.6%, and Central and South America by 34.3%. South Korea’s overall exports declined in October, with the fiber category declining by 15.0%
