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Korea’s recent export to Vietnam and implications

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Frame of Image tal export of Korea contracted 7.6% YoY, mainly due to the weak demand in major markets such as, China, Japan and Singapore. Meanwhile, Korea’s exports to Vietnam rapidly increased with a growth rate of 27.8% YoY. Korea’s exports to China, the biggest market, have contracted for two consecutive years. Exports to Japan, the 3rd largest export destination of
Korea since 2001, have also plunged with a growth rate of –21.2% YoY, and being consequently overtaken by Vietnam.
Table 1. Korea’s annual exports by countries
(Unit: Bil. USD, %) 2014 Growth Bil.USD rate 145.3 -0.4 70.3 13.3 27.3 -1.8 22.4 6.0 32.2 -7.2 23.8 6.6 12.8 12.4 15.1 -4.0 10.8 11.5 10.3 7.5 2015 (Jan-Oct) Growth Bil.USD rate 114.5 -4.3 58.4 1.2 24.7 10.6 23.4 27.8 21.5 -21.2 12.5 -40.5 10.1 -5.4 9.9 -21.6 9.6 10.3 9.3 7.3 440.2 -7.6
China USA Hong Kong Vietnam Japan Singapore India Taiwan Mexico Australia Total 572.7 2.3 export Source: KITA (www.kita.net).
Korea’s Recent Export to Vietnam and Implications
2
In addition to exports, while Korea’s overall
overseas direct investment (ODI) has also shown a downtrend, Korea’s direct investment to Vietnam continuously increased to become the 3rd largest direct investment destination. Korea’s total ODI has increased swiftly since 2005, and reached a record high 45.7 billion USD in 2011. Since reaching this peak, Korea’s ODI volume continued to fall
Figure 1. Korea’s overall annual direct investment
(Unit: Mil. USD)
50,000 40,000 30,000 20,000 10,000 0
Figure 2. Korea’s a


Full Text
Title Korea’s recent export to Vietnam and implications
Similar Titles
Material Type Articles
Author(English)

Lee, Jaeho

Publisher

[Sejong]:Korea Institute for International Economy Policy

Date 2016
Journal Title; Vol./Issue World Economy Update:vol. 4(no. 5)
Pages 5
Subject Country South Korea(Asia and Pacific)
Vietnam(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Economy < Direct Investment
Holding KIEP; KDI School