MKE Parts and Materials Industry Trade Figures
MKE Parts and Materials Industry Trade Figures
  • Korea IT Times
  • 승인 2010.07.16 13:29
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The Ministry of Knowledge Economy has released its parts and materials industry trade figures for the first half of the year. The national trade balance for the first six months of 2010 hit a record year-on-year surplus, standing at $37.2 billion. Despite unfavorable conditions, such as financial difficulties in Europe and high oil prices, both the national trade surplus and parts and materials exports surpassed pre-crisis levels.

Exports for the parts and materials sector jumped 47.9 percent, reaching a record high of $109.5 billion. Exports of materials climbed 39.3 percent to $35.5 billion, while outbound shipments of parts rose 52.4 percent to $74 billion. All export items enjoyed double-digit growth.

 

Year-on-Year Export Growth Rates for Major Export Items

 

 

 

First Half

2010

Growth Rate

 

 

Materials

Textiles

$2.04 billion

21.1%

Compounds and Chemicals

$18.03 billion

40.7%

Rubber and Plastic Materials

$3.43 billion

42.6%

Nonmetallic Minerals

$11.57 billion

38.8%

Basic Metals

$9.52 billion

14.2%

 

 

 

 

Parts

Fabricated Metals

$1.93 billion

17.9%

General Machinery Parts

$8.72 billion

24.1%

Computer and Office Machine Parts

$2.13 billion

26.3%

Electrical Machine Parts

$7.43 billion

37.2%

Electronic Components

$41.36 billion

60.1%

Precision Machine Parts

$2.43 billion

40.8%

Transportation Machine Parts

$10 billion

90.8%

 

Meanwhile, imports of parts and materials went up 35.3 percent to $72.4 billion. Rubber and plastic materials (66.9 percent), and transportation machine parts (78.3 percent) saw particularly strong growth.

 

SOURCE: MKE


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