european union & korea · korea importers association import increased in ‘livestock products...
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EXCLUSIVELY PRESENTED
European Union
Korea Importers Association
& Korea
2
Korea Importers Association
Chile
ASEAN
Peru
Canada
Singapore
India
USA
Australia
EFTA
EU
Turkey
New Zealand
Vietnam
China
Colombia
Korea Importers Association
※ Korea’s trading coverage in the world(73.45%), Source (Korea MoTIE)
2011 2012 2013 2014 2015 5-yrChange
Korea’s Export 55.7 49.3 48.8 51.6 48 -13.8%
Korea’s Import 47.4 50.3 56.2 62.3 57.2 20.7%
Total Trade 103.1 99.7 105 114 105.2 2.0%
Balance 8.3 -1 -7.3 -10.7 -9.1
Korea’s Trade with EU
(Unit: USD in Billion)
Data: KITA
2011 2012 2013 2014 2015
EU 55.7 49.3 48.8 51.6 48
China 134.1 134.3 145.8 145.2 137.1
U.S. 56.2 58.5 62 70.2 69.8
ASEAN 71.8 79.1 82 84.5 74.8
World 555.2 547.8 559.6 572.6 526.7
Korea’s Export to Major Region
(Unit: USD in Billion)
Data: K-stat
-13.8%
+24.2%
+4.1%
-5.1%
+2.2%
2011 2012 2013 2014 2015
EU 47.4 50.3 56.2 62.3 57.2
China 86.4 80.7 83 90 90.2
U.S. 44.5 43.3 41.5 45.2 44
ASEAN 53.1 51.9 53.3 53.4 45
World 524.4 519.5 515.5 525.5 436.5
(Unit: USD in Billion)
Data: K-stat
Korea’s Import from Major Region
+20.7%
+4.28%
-1.1%
-15.3%
-16.7%
Korea’s Export Products Import Products
Shipbuilding 8.15 Automobile 7.88
Automobile 5.0 Pharmaceutical 2.28
Auto Parts 4.21 Semicon. Equip. 1.91
Synthetic Resin 2.0 Auto Parts 1.48
LCD Panel Display 1.7 Crude Oil 1.40
Circuit Semicon 1.3 Precision Chemicals 1.33
Wireless Phone 1.0 Naphtha 1.26
Jet Oil, Kerosin 0.9 Pump 1.18
Battery Storage 0.9 Motor Machine 1.12
Heavy Constr. Equip. 0.9 Airplane 1.08
Total 48.1 Total 57.2
(Unit: USD in billion, 2015)
Data : KITA
Korea’s Trade with EU
2011 2012 2013 2014
1 Germany 17.34 18.24 20.43 21.18
2 UK 5.36 6.66 7.28 5.91
3 France 5.65 5.53 6.3 7.14
4 Italy 4.62 5.14 5.8 6.1
5 Netherlands 4.43 3.42 4.59 4.55
6 Spain 1.21 1.4 2.26 2.68
7 Sweden 1.59 1.51 1.83 1.62
8 Belgium 1.43 1.51 1.56 1.769 Austria 1.3 1.3 1.36 1.2810 Finland 0.97 1.22 1.29 1.29
Total 49.17 52.91 59.69 60.07
Data : KITA
(Unit: USD in billion)
Korea’s Top 10 Import Countries
Products 2011 2012 2013 2014
Mineral Products 3.84 7.07 7.18 4.48
Machineries 18.9 18.6 23.3 25.67
Agri & Fisheries 2.81 2.69 3.2 3.48
Daily Products 1.27 1.31 1.4 1.60
Textile 1.32 1.27 1.3 1.44
Miscellaneous 0.86 0.7 0.8 0.84
Electronic & Electric 7.42 8.4 8.8 8.56
Steel & Metal Prod. 3.74 3.45 3.7 3.86
Plastic, Rubber, Leather 0.8 0.91 1.0 1.0
Industrial Chemical 8.26 8.5 8.93 9.15
Data : KITA
+35.8%
Korea’s Import from EU (Unit: USD in billion)
+23.8%
+25.9%
+15.4%
+10.8%
+16.7%
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Korea Importers Association
� Import increased in ‘Livestock Products’ – Pork, Dairy, etc.
� Import increased followed by import price drop
� Import posted 76.7% increase in amount,
compared to the previous year before the FTA effect
Import increased onImport increased onImport increased onImport increased on
---- pork, dairy, and livestock productspork, dairy, and livestock productspork, dairy, and livestock productspork, dairy, and livestock products
� Import for fruits and vegetables increased
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Korea Importers Association
Average 2011 2015 Changes
Agricultural Prod. 1,106 1,471 1,788 61.6%
Livestock Prod. 735 1,251 1,298 76.6%
Forestry 288 332 440 52.6%
Total 2,097 3,054 3,526 68.2%
Korea’s Import Increase from EU
Data : Korea Trade Statistic Promotion Institution
(Unit: U$ in million)
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Korea Importers Association
We import the world,
to export Korea