South Korea reported on September 25, Asian economies, according to a recent wto “monthly commodity export statistics released this year July 1 – South Korea’s exports reached $328 billion, up 16.3% from a year earlier, the growth of the world. The Netherlands ranked second with 11.0%, with Hong Kong, mainland China and Japan ranked 3-5, with growth of 8.5 per cent, 8.3 per cent and 8.2 per cent respectively. South Korea’s export growth remained in double digits in August, at 17.4 percent, to $47.1 billion, according to South Korea’s ministry of industry and industry, which has been growing for 10 consecutive months.
| Manganese Sulfate |
According to the ministry of industry, the main reason for the increase in exports is the global manufacturing boom recovery, the increase in the unit price of major export commodities, the increase in export volume and the high added value of the main products. Among them, the price of major export commodities such as semiconductors, petrochemical products and petroleum products has played a key role.
But the industry is concerned that the existence of a number of destabilizing factors could reverse the trend of export growth in the fourth quarter. One is that the export “bottom rebound” effect will run out. South Korea’s exports fell for two consecutive years in 2015 and 2016, and this year’s export growth is partly due to a rebound effect, and exports will generally decline at the end of the year. Second, the unit price increase factor is greater than the export volume increase factor. Oil prices have risen sharply this year amid rising global oil prices. Three is too dependent on a few products such as semiconductors. The ministry of industry believes that both the fed’s shrinking watch and the strengthening of protectionist trade protectionism will have a negative impact on Korean exports.
| http://www.lubonchem.com/ |