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Korea’s manufacturing sector and imports from Australia

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  • Korea’s manufacturing sector and imports from Australia
  • Cusbert, Tom; Jaaskela, Jarkko; Stenner, Nick
  • Reserve Bank of Australia


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Title Korea’s manufacturing sector and imports from Australia
Similar Titles
Material Type Articles
Author(English)

Cusbert, Tom; Jaaskela, Jarkko; Stenner, Nick

Publisher

[Sydney]:Reserve Bank of Australia

Date 2013-12
Journal Title; Vol./Issue Bulletin:
Pages 8
Subject Country Australia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Manufacturing
Holding Reserve Bank of Australia

Abstract

The Korean economy has grown rapidly over the past half century, driven in part by the development of an export-oriented manufacturing sector. While the electronics industry has expanded rapidly since the 1970s, there has also been a shift towards more steel-intensive
industries, such as transport equipment and metal products. This shift, combined with Korea’s reliance on resource imports, led Korea to become Australia’s third largest export destination.