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S. KOREA'S TRADE DEPENDENCE ON U.S., JAPAN REDUCES IN 2007.
SEOUL, Sept. 3 Asia Pulse - South Korea's trade dependence on the United States and Japan dropped in the first seven months of this year from a year ago, while its trade with China is increasing, officials said Sunday.
South Korea's exports to the U.S. stood at 26.9 billion won (US$28.7 million) in the January-July period, accounting for 12.9 per cent of the nation's total exports of 208 billion won in the same period, down 0.7 percentage point on-year, the Korea Customs Service (KCS) said in a statement.
The ratio of U.S.-bound shipments compared to the nation's total exports has been decreasing since 2000 when it reached 21.8 per cent. It has then slid to 17.7 per cent in 2003, 16.9 per cent in 2004, 14.5 per cent in 2005 and 13.3 per cent in 2006.
The nation's imports from the U.S. were 21.6 billion won in the same period, down 0.2 percentage point year-on-year to 10.8 per cent of its all imports of 199 billion won.
The portion of the country's imports from the U.S. also has been dropping since 2000 when it accounted for 17.3 per cent ...
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Source: HighBeam Research, S. KOREA'S TRADE DEPENDENCE ON U.S., JAPAN REDUCES IN 2007.