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Imports and Exports of ROK and China-ROK trade in January 2013

Time:2013/03/25
1. Imports and Exports of ROK
According to statistics by ROK, the total imports and exports of ROK in January 2013 reached US$ 90.886 billion with a year-on-year growth of 7.3%, of which, exports were US$ 45.681 billion, and exports were US$ 45.205 billion, up by 10.9% and 3.9% year-on-year respectively, with trade surplus of US$ 476 million.

2. China-ROK Bilateral Trade
China-ROK trade totaled US$ 18.731 billion in January, up by 12.6% year-on-year, of which ROK exports to China were US$ 11.42 billion, and imports from China were US$ 7.311 billion, up by 16.6% and 7.0% year-on-year respectively. China-ROK trade accounted for 20.6% of ROK's total trade. ROK saw a trade surplus of US$ 4.109 billion, up by 38.9% year-on-year.

The following ROK exports to China rose in January: home appliances (69.6%), auto parts (57.3%), information and communication equipment (28.9%), chemical products (17.7%), semiconductors (15.5%), precision machines (11.5%), iron and steel products (10.9%), while exports of petroleum products fell by 22.9%; and the following ROK imports from China saw a significant increase (as of January 20): electronic products used in industry (24.8%), and fiber, iron and steel products and general machinery fell by 25.5%, 23.2% and 13.5% respectively.
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