China is about to lose ground to the US as Korea’s top export destination

China is about to lose ground The first time since 2002 that shipments to the US will surpass those to China will occur if this annual pattern holds. $115.71 billion in exports to the US was made last year, $9.1 billion less than $124.81 billion to China.

China is about to lose ground to the US as Korea's top export destination
China is about to lose ground to the US as Korea’s top export destination

China is about to lose ground SEOUL: According to a joint report released on Monday by Statistics Korea, the Trade Ministry, and the Ministry of SMEs and Startup, South Korea’s exports to the United States are expected to surpass those to China this year for the first time in 22 years.

China is about to lose ground SEOUL: South Korea’s exports to the United States are predicted to surpass those to China this year for the first time in 22 years, according to a joint report released on Monday by Statistics Korea, the Trade Ministry, and the Ministry of SMEs and Start

China is about to lose ground to the US as Korea’s top export destination

China is about to lose ground For the first time since 2002, shipments to the US will surpass those to China if this annual pattern holds true. $115.71 billion was shipped to the US last year, $9.1 billion less than was sent to China ($124.81 billion).

 

China is about to lose ground Nonetheless, since 2004, when it was $6.91 billion, the difference in

China is about to lose ground to the US as Korea's top export destination

exports to the US and China is the smallest it has been in 19 years.

 

China is about to lose ground China may retake its place as Korea’s top export destination by the end of the year if exports of intermediate items, such as semiconductors and screens, rise. The head of the China Economic and Financial Research Institute, Jeon Byung-seo, stated, “We need to constantly

monitor the effects, even though the US financial situation seems pretty steady. For the first time since 2002, shipments to the US will surpass those to China if this annual pattern holds true. $115.71 billion was shipped to the US last year, $9.1 billion less than was sent to China ($124.81 billion).

China is about to lose ground to the US as Korea's top export destination

 

China is about to lose groundNonetheless, since 2004, when it was $6.91 billion, the difference in exports to the US and China is the smallest it has been in 19 years.

Article sourse https://asianews.

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