SeoulMarkets · tag
trade balance
3 stories tagged “trade balance”, each from official Korean data with its source and timestamp.
Korea's trade balance, in one page: who it sells to, who it pays
Korea's trade in one page: it sells to two giants — the US and China, each about a fifth of exports — and buys energy and machines from everyone else.
Korea's ten biggest trade deficits are oil, gas, and machinery
Rank Korea's biggest trade deficits and nine of the ten sell energy or machines. The tenth sells copper. Oil, gas, and machinery are the import bill.
China is Korea's biggest trade partner, but almost none of its surplus
China is Korea's biggest partner both ways — and the two nearly cancel. Its balance is about 5% of the national surplus on a fifth of all trade. The surplus is earned from the US, Vietnam and Taiwan; the deficits are oil, gas and machinery.