Ministry of Trade Industry and Resources

Vice Minister Greets Mongolian Ambassador

date2013-08-07

Trade Figures for July

2012 ○ July - Exports : $44.67 billion (-8.7%) - Imports : $41.98 billion (-5.2%) - Trade Balance : $2.69 billion   2013 ○ June - Exports : $46.71 billion (-1.0%) - Imports : $40.72 billion (-3.0%) - Trade Balance : $5.99 billion ○ July - Exports : $45.84 billion (2.6%) - Imports : $43.13 billion (2.7%) - Trade Balance : $2.71 billion ○ First seven months - Exports : $322.49 billion (0.9%) - Imports : $299.75 billion (-2.1%) - Trade Balance : $22.74 billion         ○ Value - Ships : $2.55 billion - Wireless Communications Devices : $2.09 billion - General Machinery : $3.82 billion - Petrochemicals : $4.11 billion - Steel : $2.56 billion - Semiconductors : $4.8 billion - Automobiles : $3.59 billion - Petroleum Products : $4.03 billion - LCD Devices : $2.07 billion - Textiles : $1.36 billion - Household Appliances : $1.2 billion - Automobile Parts : $2.14 billion - Computers : $710 million   ○ Growth Rate - Ships : 19.3% - Wireless Communications Devices : 27.3% - General Machinery : -11.7% - Petrochemicals : 7.8% - Steel : -19.4% - Semiconductors : 21.8% - Automobiles : -3.3% - Petroleum Products : -7.6% - LCD Devices : -13.5% - Textiles : -5.4% - Household Appliances : 5.1% - Automobile Parts : -0.5% - Computers : -9.7%   - The above figures are based on customs clearance data for the first 20 days of July and as such are only tentative.         ○ Growth Rate - China : 11.1% - United States : 4.8% - Japan : -21.7% - European Union : -2.3% - ASEAN : -4.9% - Middle East : -25.4% - Latin America : 2.7% - Oceania : 58.0%   ○ Percentage of All Exports - China : 28.2% - United States : 11.3% - Japan : 6.2% - European Union : 8.3% - ASEAN : 14.3% - Middle East : 4.9% - Latin America : 6.2% - Oceania : 4.2%   - The above figures are based on customs clearance data for the first 20 days of July and as such are only tentative.     ○ Growth Rate - Japan : -8.1% - United States : -16.6% - China : 3.7% - ASEAN : -10.3% - European Union : -12.2% - Middle East : -3.6% - Latin America : 12.9% - Oceania : -25.4%   ○ Percentage of All Exports - Japan : 12.1% - United States : 7.9% - China : 17.3% - ASEAN : 9.7% - European Union : 10.8% - Middle East : 23.4% - Latin America : 4.4% date2013-08-05

Vice Minister Speaks on Energy and Resources Development

Vice Minister Speaks on Energy and Resources Development date2013-08-05

Vice Minister Speaks with Iranian Ambassador

Vice Minister Speaks with Iranian Ambassador Vice Minister for Trade and Energy Han Jinhyun met with Ambassador of the Islamic Republic of Iran to Korea Ahmad Masoumifar on July 24 at the Gwacheon Government Complex. The discussion focused on trade and investment ties. date2013-08-05

Retail Sales Figures for June

○ Percentage of Total Sales - Household appliances and cultural goods : 12.2% - Apparel : 8.2% - Household goods : 19.1% - Sporting goods : 4.5% - General goods : 4.6% - Food : 51.4%   ○ Growth Rate - Household appliances and cultural goods : 20.6% - Apparel : 4.4% - Household goods : 4.2% - Sporting goods : 5.2% - General goods : 7.2% - Food : -0.2%         ○ Percentage of Total Sales - General goods : 20.2% - Women’s suits : 9.3% - Women’s casual wear : 12.9% - Men’s clothing : 8.9% - Children’s goods and sporting goods : 14.1% - Household goods : 9.6% - Luxury goods : 12.6% - Food : 12.4% ○ Growth Rate - General goods : 1.1% - Women’s suits : -3.1% - Women’s casual wear : 3.2% - Men’s clothing : 0.0% - Children’s goods and sporting goods : 4.1% - Household goods : 15.7% - Luxury goods : 5.4% - Food : 4.6%       ○ Percentage of Total Sales - Household goods : 3.4% - General goods : 3.3% - Others : 36.6% - Food : 56.8%   ○ Growth Rate - Household goods : 11.5% - General goods : -0.1% - Others : 7.6% - Food : 10.8%   Sales Performance of Major Super Supermarket (SSM) Chains ○ Percentage of Total Sales - Daily necessities : 9.3% - General goods : 4.9% - Food : 85.8%   ○ Growth Rate - Daily necessities : -2.3% - General goods : -4.9% - Food : -2.5%   - Daily necessities include detergent, toothpaste, cosmetics and feminine products.     date2013-07-25

Minister Speaks with Japanese Investors in Korea

date2013-07-22

Parts and Materials Industry Trade Figures for First Half of 2013

○ All Industries - Exports : $276.7 billion (0.6%) - Imports : $257.1 billion (-2.6%) - Trade Balance : $19.6 billion ○ Parts and Materials - Exports : $130.0 billion (5.2%) - Imports : $81.7 billion (1.5%) - Trade Balance : $48.3 billion ○ Materials - Exports : $43.1 billion (-3.1%) - Imports : $32.3 billion (-4.5%) - Trade Balance : $10.8 billion ○ Parts - Exports : $86.9 billion (9.8%) - Imports : $49.4 billion (5.8%) - Trade Balance : $37.5 billion - Year-on-year growth rates shown in parentheses - The above figures are based on customs clearance data, and as such are only tentative.       ○ Exports Materials - Textiles : $2.5 billion (-0.8%) - Compounds and Chemicals : $22.3 billion (3.4%) - Rubber and Plastic Materials : $4.9 billion (0.2%) - Nonmetallic Minerals : $800 million (45.4%) - Basic Metals : $12.7 billion (-15.4%)   Parts - Fabricated Metals : $2.3 billion (-4.4%) - General Machine Parts : $11.6 billion (2.3%) - Computer and Office Machine Parts : $2.1 billion (18.6%) - Electrical Machine Parts : $12.2 billion (17.9%) - Electronic Components : $41.1 billion (12.8%) - Precision Machine Parts : $3.1 billion (5.5%) - Transportation Machine Parts : $14.5 billion (4.2%)     ○ Imports Materials - Textiles : $1.5 billion (1.9%) - Compounds and Chemicals : $13.8 billion (1.9%) - Rubber and Plastic Materials : $2.4 billion (-7.0%) - Nonmetallic Minerals : $2.1 billion (-2.4%) - Basic Metals : $12.6 billion (-11.2%)   Parts - Fabricated Metals : $1.0 billion (3.4%) - General Machine Parts : $10.1 billion (8.1%) - Computer and Office Machine Parts : $1.9 billion (0.6%) - Electrical Machine Parts : $8.2 billion (10.9%) - Electronic Components : $21.3 billion (5.8%) - Precision Machine Parts : $3.1 billion (-3.0%) - Transportation Machine Parts : $4.0 billion (0.7%)     ○ Trade Balance Materials - Textiles : $1.0 billion - Compounds and Chemicals : $8.5 billion - Rubber and Plastic Materials : $2.5 billion - Nonmetallic Minerals : -$1.3 billion - Basic Metals : $100 million   Parts - Fabricated Metals : $1.3 billion - General Machine Parts : $1.5 billion - Computer and Office Machine Parts : $300 million - Electrical Machine Parts : $4.0 billion - Electronic Components : $19.8 billion - Precision Machine Parts : $15 million - Transportation Machine Parts : $10.5 billion   - Year-on-year growth rates shown in parentheses       Trade Performance with Major Trading Partners ○ Exports - China : $44.1 billion - Japan : $6.8 billion - Middle East : $6.9 billion - Europe :$14.8 billion - United States : $11.8 billion - Latin America : $7.6 billion - ASEAN : $18.5 billion ○ Imports - China : $21.8 billion - Japan : $17.2 billion - Middle East : $1.1 billion - Europe : $13.8 billion - United States : $9.3 billion - Latin America : $1.3 billion - ASEAN : $ date2013-07-19

MOTIE Kickstarts Nano Korea 2013

date2013-07-19

Foreign Investment Figures for First Half of 2013

date2013-07-16

Korea, Colombia to Advance Trade Ties

Minister of Trade, Industry and Energy Yoon Sang-jick and his Colombian counterpart Minister of Trade, Industry and Tourism Sergio Diaz-Granados held a meeting on July 8 in Seoul to accelerate the ratification process of the Korea-Colombia Free Trade Agreement, which was signed last February. The two officials reaffirmed the need for ratification as the trade pact is expected to greatly contribute to enhancing economic ties, and they agreed to work together on implementing the deal at the ear date2013-07-12