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Koreans also love Japanese goods-
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Koreans also love Japanese goods?
South Korea Customs Service recently released the ‘recent trade with dynamic’ show that although the scale of trade in Japan and South Korea has shown an increase trend, but in Korea, the ratio of import and export trade volume has significantly narrowed the present trend. Meanwhile, the Japanese side from the sharp decline in the proportion of imported equipment, raw materials and consumer goods showed a proportion of the trend of expansion. South Korean consumers prefer Japanese products as the increasing trend, household appliances, automobiles, cosmetics imports of Japanese goods showing a growing momentum.
It is reported that South Korea to Japan last year, trade volume amounted to 89.2 billion U.S. dollars, compared with 2000 increased by 70.6% as much. On the other hand, Japan, South Korea’s total foreign trade volume in the proportion of exports in 2000 from 12% to 7% in a few days ago; the proportion of imports from 20% reduced to 14%.
Data show that last year South Korea’s trade with Japan reached a deficit of 32.7 billion U.S. dollars a record, but this year a ~ October this data down to about 22.3 billion U.S. dollars, up by as much as a decrease of 22.3%.
On the other hand, South Korea’s export business from the Japanese because of parts, materials, import-dependent decline in overall exports increased by structural changes in trade deficit with Japan also makes South Korea has shown some decline. According to the Office data show that 1 to October this year, the total export volume despite an increase of 0.3%, but exports to Japan trade deficit is showing a sharp decline.
The Office data further showed that South Korea imports of equipment, material and other production materials that the proportion of 57.6% from 2002 to the whereabouts of 11.2 percentage points, reduced to 46.4% last year. Over the same period, raw materials, it has since 2002 expanded 36.4% to 47.2%; consumer goods ex
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