For 3 consecutive months, Korean media are nervous

Data released by the South Korean Customs Office (Customs) on the 24th show that in the first 20 days of July, South Korea exported US $ 8.076 billion in China, a year -on -year decrease of 2.5%, and imported 9.615 billion U.S. dollars from China, an increase of 23.5%year -on -year, and a trade deficit of 1.539 billion US dollars. This The trade deficit in South Korea in July became a foregone conclusion. South Korea's trade deficit with China in May and June this year was US $ 1.099 billion and US $ 1.214 billion, respectively. From August 1994 to April this year, South Korea has remained surplus with China Trade with a monthly plan.

"South Korea and the largest trading partner China's trade revenue and expenditure lit a red light." South Korea's "Korean Daily" reported on the 25th that the technical strength of Chinese companies has greatly enhanced the competitiveness of Korean companies. The South Korean industry has even produced an atmosphere of "the era when Korean companies make money in the Chinese market will never come back again". The raw materials and components of South Korea's export strength to China, but now it has shown that Chinese products continue to expand their market share in the Korean market. Especially in the import of high -tech parts in South Korea, the market share of Chinese products jumped from 2.9%in 1996 to 39.7%in 2021. It is also predicted that this year's annual trade deficit in South Korea has become an established fact, and the deficit will exceed 1996 ($ 20.6 billion in the deficit) before the Asian financial crisis, reaching the highest historical value.

"Make a" Made in South Korea 'or become Chinese consumers in the future ", the" Korean Daily "published a number of reports on the 25th of the Chinese market to pay attention to the decline in the decline in the Chinese market's interest in Korean products. Some Korean manufacturing products, which have been in the Chinese market, have fallen to a single digit in the past eight years. In the automotive market, Hyundai and Kia were completely squeezed out of the top ten. Samsung Mobile ranked first in the Chinese market with a market share of 19.7%in 2013, but ranked tenth in 2021 with a market share of 0.6%. During the same period, Samsung TV fell from No. 6 (market share 7.1%) to 9th (4.1%). The report quoted an electronic industry official as saying that in 2021, LG TVs sold about 30,000 units in China. "Considering China's total population, only Koreans in China may be purchased."

The decline in South Korea's exports to China is also related to the changes in the Sino -US trade environment. Since 2021, the proportion of exports to China in South Korea has declined and the proportion of exports to the United States has increased. In 2021, South Korea's exports to China accounted for 25.3%of the overall export, a decrease of 0.6%from the previous year, and the proportion of exports to the United States increased from 14.5%to 14.9%at the same time.

The South Korean Trade Association recently released the report of "South Korea Export Trends and Revelation in the Sino -US High -tech Import Market" that the degree of dependence of the high -tech industry in China and the United States has decreased, and the source of imports has become diversified. Changes.

"Korean National News" reported on the 25th that the continuous trade deficit on China has made the South Korean government and the industry feel uneasy. In the case of domestic consumption and poor investment, foreign trade has become a pillar that supports the South Korean economy, and exports to China accounted for total exports. The grade ratio is as high as 25%. Relevant sources of the South Korean Trade Association said that the deficit in China for three consecutive months is very rare, and reports are being written urgently. The Minister of Commerce in South Korea, Li Changyang, went to Seoul Digital Industrial Park, known as one of the "outpost bases", known as the "outpost base" of South Korea last week, and called for the improvement of export vitality to China.

South Korea's "Asian Economy" reported on the 25th that after Yin Xiyue's government came to power, South Korea joined the United States -led Indo -Pacific Economic framework and was considering whether to join the "chip Quartet Alliance" proposed by the United States, which will further affect the prospects of exports to China. China and South Korea will soon usher in the 30th anniversary of the establishment of diplomatic relations. The South Korean government plans to take this opportunity to deepen economic cooperation between the two countries and restore exports to China.

Zhang Jing, a special reporter in Korea in Korea

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