What Benefit of Export Dose Korea Have ?
the 12th trade country
How important export is to Korea
Weak point of trade
Strong point of export
Tendency of World Eco.
Korean benefit about export
Korea comes up to the 12th trade country again !! (from Ministry of Commerce, Industry and Energy, 2004. 02. 04.)
In 2003, both of export and import of Korea was recorded the highest results for decades.
Korea left out Mexico and recovered 12th trade country in the world since 6 years.
* Export (02’) 12th → (03’) 12th
* Import (02’) 14th → (03’) 13th
* the Balance of Trade
(02’) 13th → (03’) 12th
After 1960, Korean economy = export
Economy development was more concentrated on export of industrial products.
* not much raw material
* just need labor
* not high tech.
The reason how fast we developed the country.
Korean economy is still based on export.
(economy circumstance and circle)