Ministry of Trade, Industry and Energy

Korea, U.S. Building Closer Trade Relations

Vice Minister for Trade and Energy Cho Seok greets U.S. Chamber of Commerce Vice President for Asia Tami Overby in Seoul on January 9. The two shared ideas about how best to use the Korea-U.S. FTA to strengthen economic ties. date2012-01-12

IT Trade Figures for 2011

* Released by the Electronics and IT Policy Division date2012-01-09

Trade Figures for 2011

For the month of December, exports rose 12.5 percent to $49.7 billion and imports increased 14.0 percent to $45.7 billion, a $4 billion surplus. Even amid external uncertainties, including political unrest in the Middle East and the devastating earthquake in Japan, exports of ships and petrochemicals drove growth beyond 2010 levels. Although fears of a global recession slowed the pace of growth in the second half, trade was resilient and reached the longawaited $1 trillion mark. Exports to key trading partners increased thanks to Korea’s stronger presence in emerging markets. While outbound shipments to emerging markets and Japan increased, exports to the European Union, the United States and China were relatively slow. Meanwhile, imports gained 23.3 percent year on year due to rising demand for raw materials. Higher oil prices pushed inbound shipments of crude oil, gas and coal up 46.6 percent, 38.9 percent and 42.2 percent, respectively. date2012-01-03

IT Trade Figures for November

date2011-12-08

Korea’s Trade Volume Exceeds $1 Trillion

Minister of Knowledge Economy Sukwoo HONG speaks at a press briefing on December 5 to announce that Korea’s trade volume has exceeded the long-awaited goal of $1 trillion ($515 billion in exports and $485 billion in imports). date2011-12-08

Trade Figures for November

date2011-12-05

IT Trade Figures for October

date2011-11-09

Trade Figures for October

The Ministry of Knowledge Economy has released its trade figures for October. The trade balance posted a $4.3 billion surplus, having remained in the black for 21 months in a row. date2011-11-03

IT Trade Figures for September

date2011-10-07

Trade Figures for September

* Released by the Export and Import Division date2011-10-04