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ASEAN Korea Trade

ASEAN Korea Trade

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Section I.

ASEAN-Korea trade analysis: status and trends

1 Brunei Darussalam
1. General status
With its per capita GDP over $35,000, Brunei is one of the most affluent countries in Asia. Its economy is generally stable, except for its relatively high dependence on the oil industry. By carrying out its 8th economic development plan that started in 2002, Brunei is lowering its economic dependence on the oil and gas industries. At the same time, it is exerting efforts for industrial diversification under the goal of achieving annual growth of over 5%. In particular, the country is actively trying to attract foreign direct investment (FDI) and preparing various investment promotion measures such as the implementation of One-Stop Service. These steps are expected to improve investment environments for foreigners.

2. Trade trends
Brunei's annual trade volume increased from $7,303 million in 2005 to $12,088 million in 2008, recording yearly growth of 18.3% on average. This trend is predicted to continue. During the 2005-2008 period, the nation's exports expanded by annual average of 18.8% from $5,633 million to $9,433 million. Its imports grew by 16.7% a year from $1,670 million to $2,655 million. Figure 1 Brunei's Export and Import Trends

(Unit:

Million)

Class.

Export Import Balance

2005 Value % change 5,633 1,670 3,964 -

2006 Value % change 6,907 22.6% 1,990 19.2% 4,917 24.0%

2007 Value % change 6,944 0.5% 3,933 97.6% 3,011 -38.8%

2008 Value % change 9,433 35.8% 2,655 -32.5% 6,778 125.1%

Source: Korea International Trade Association (KITA)

2

Brunei's trade surplus jumped from $3,964 million in 2005 to $4,917 million in 2006. In 2007, the nation's imports soared 97.6% compared with the previous year, while exports grew by a meager 0.5%. As a consequence, the country's trade surplus shrank to $3,011 million. In 2008, the surplus went up again to $6,778 million thanks to a huge export increase. (1) Export status 1) Export status by country In 2008, Brunei's largest export destination was Japan, to which Brunei shipped $4,152 million worth of goods, accounting for 40.8% of its total exports. Japan was followed by Indonesia, which absorbed 21.6% of Brunei's exports, or about $2,197 million. Korea was ranked third by importing from Brunei $1,568 million worth of products, which constituted 15.4% of Brunei's total exports. Table 1 Brunei's Top 10 Export Destinations
(Unit: 1,000,000)

Rank 1 2 3 4 5 6 7 8 9 10

Country
Japan Indonesia Korea Australia New Zealand India Singapore U.S.A. Malaysia Thailand

2005 Value Share
2,074 1,089 715 524 67 1 135 536 12 184 5,633 36.8% 19.3% 12.7% 9.3% 1.2% 0.0% 2.4% 9.5% 0.2% 3.3% 100%

2006 Value Share
2,067 1,461 1,096 775 199 195 200 523 69 117 7,099 29.1% 20.6% 15.4% 10.9% 2.8% 2.7% 2.8% 7.4% 1.0% 1.6% 100%

2007 Value Share
2,276 1,695 850 927 129 219 127 383 87 102 7,160 31.8% 23.7% 11.9% 12.9% 1.8% 3.1% 1.8% 5.3% 1.2% 1.4% 100%

2008 Value Share
4,152 2,197 1,568 1,023 316 250 174 107 93 80 10,188 40.8% 21.6% 15.4% 10.0% 3.1% 2.5% 1.7% 1.1% 0.9% 0.8% 100%

Total

Source: Korea International Trade Association (KITA)

2) Export status by item Crude oil and petroleum gases are Brunei's predominant export items. In 2006, crude oil and natural gas exports reached $5,140.8 million and $2,214.58 million, accounting for 67.3% and 29% of the nation's total exports, respectively. Combined, the two sectors constituted more than 96% of the nation's export volume. Brunei also exports various kinds of apparel and machinery, but they hold minimal portions in its exports. To improve the situation, Brunei needs to diversify its export items.

3

205. singlets and other vests.373 3.347 2008 Value 70.940 11.194 2007 Value 26.871 1.Table 2 Brunei's Top 10 Exports (Unit: Thousands) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2709 2711 6109 6106 8459 8803 6105 6104 8479 8207 Commodity Crude petroleum oils Petroleum gases T-shirts. knitted or crocheted Women's suits.804 2. knitted / crocheted Machines & mechanical appliance having unique functions Interchangeable tools for hand tools.628 50.214. Imports from Brunei also sharply rose from $1.616 29.1% Source: Korea International Trade Association (KITA) 4 .399 9.9%.613 934. Brunei-Korea trade Korea's exports to Brunei climbed from $22.161 572.892.654.715 1.629 -1.5% 23.715 2006 5.978 3. knitted or crocheted Women's blouses & shirts.724.2% % change 163. Export Import Balance 2006 Value 22.205.275.045 2003 2.130 116. with Korea's deficit reaching $1.242 28. dresses.594. or for machine-tools 2002 1.844 2008 Korea's import 85.986 79.100 497 20. knitted or crocheted Machine-tool for drill / boring / milling.839 9.400.8% 84.196 22.724.153 18.183.435 1. Figure 2 Trends in Korea's Trade with Brunei (Unit: Thousands) Class.377 6.588 67.330 Source: International Trade Centre (ITC) 3.6% -22.209 1. skirt & short.939 9.48 million in 2008.183 8.727 51.560 458.178 5.27 million in 2008.507 12.606 94 15.487 -1. threading / tapping Aircraft parts Men's shirts.022.688.4% -82.62 million in 2006 to $1.182 15.363 24.140.43 million in 2006 to $70. Bilateral trade has been in favor of Brunei since 2006.654.855.278 % change % change 18.015 4.20 million in 2008.448 244.991 45.102 1.960 -908.489 36.995 7. recording annual growth of 76.

%) Rank Industrial sector Mineral Product Agricultural.4 -99.1 50.000. but these sectors constituted just 0.058. %) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 8703 8419 8417 7307 7419 8517 8481 8544 7306 3901 Commodity Motor cars Heating.562 1.0 0.7 -59.7 -68. cables Other tubes.6 -78.01 0. Metals Textile & Apparel Electrical Articles.487 2008 % change 84.2 2008 Value % change 22.9% of total imports.698 263 1.547 0 0 192 0 486 94 526 38 914 69 3. Electronic Articles Chemical Industry Manufactures Articles of Plastic Rubber or Leather Miscellaneous Articles/Sundries Living ware Machinery 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) Value 934. accounting for 99.5 Share 99.0 0.418 1.0 -74. heating and cooking machinery.724.0 0.06 0.0 100 Value 1.8 1.043 20.352 5.0 0. imports of mineral products amounted to $1.8 -60.0 0.94 0.4 -2. cocks.1 2.591 1.7 3. steel products and telephone sets.4 Share 99.1 197 3.960 2007 % change -22.06% and 0. cooking.04 million.35 million.1 -22.0 0.355.589. which accounted for 31.792 1. which was 29% of the total exports. The mineral products were followed by agricultural and fisheries products.5 Source: Korea International Trade Association (KITA) (2) Korean imports from Brunei 1) Import status by industry In 2008. Table 4 Industrial Trends in Korea's Imports from Brunei (Unit: 1. valves Insulated wire.458 1.01% of the total import volume.0 0.4 126.8 155. and steel and metal products.(1) Korean exports to Brunei As of 2008.3 -77.765 1.05 0.0 0.000.4 106. To increase its export to Korea. roasting machinery Industrial or laboratory furnaces and ovens Tube or pipe fittings.01 0.2 -67.93 0.1 48.723.8 121.0 0. Marine Products Articles of Iron or Steel.0 100 5 .5 84.0 -90. Table 3 Korea's Top 10 Exports to Brunei (Unit: 1.9 -41.862 3. of iron or steel Other articles of copper Telephone sets Taps.4 130.9 23.571 3.412 435 63 37 5 6 0 1 0 0 934.4% of Korea's total exports to Brunei. Heating and cooking machinery showed a conspicuous jump from zero in 2007 to $20. Motor cars topped the list with $22.1 -57.356 12. Brunei needs to develop strategic items other than crude oil and natural gas.790. respectively.0 0.638.0 0.723. pipes and hollow profiles Polymers of ethylene 2007 Value % change 19.0 0. Korea's key export items to Brunei were motor cars. Forest.323 987 160 8 5 2 0 0 0 0 1.32 million.

630. these items held mere 1.892.3% 2.3% and 2.0% 0.S.345.S.427.104 Imports from Brunei Rank in Value Share market 597. Japan Ireland Taiwan Source: Korea International Trade Association (KITA).A.S. But.4% 0.972 3.629 597.560 154.01% 0.A. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market Table 6 Detailed Status of Key Korean Imports from Brunei (Unit: Thousands) HS Code 2711 2711110000 Commodity Natural gas Total imports 19.S.A.01% 0.855.363 24.A. Oman Malaysia South Africa Italy Germany U. 3rd Kuwait Malaysia Brazil Vietnam U. U.S. respectively.0% 0.936 2. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 6 .E.806.4% import market shares in Korea.493 145. China China 2nd U.A. China U.694 987 160 8 2 2 2 1.0% 12 10 11 82 55 57 91 75 Top 3 countries in share 1st Saudi Arabia Catarrh China U.125.2) Import status by item Crude oil and petroleum gases accounted for over 99% of Korea's imports from Brunei. Table 5 Korea's Top 10 Imports from Brunei and Their Import Market Shares (Unit: Thousands) Rank 1 2 3 4 5 6 7 8 HS Code 2709 2711 4408 7404 6205 3822 8471 8473 Commodity Crude petroleum oils Petroleum gases and hydrocarbons Sheets for veneering Copper waste and scrap Men's or boys' shirts Diagnostic or laboratory reagents Automatic data processing machines Parts and accessories with machines Total imports 85.694 3% 7 Top 3 countries in share 1st Catarrh 2nd Oman 3rd Malaysia Source: Korea International Trade Association (KITA).840 1.A.6% 0.991 332.157 Imports from Brunei Rank in Value Share market 1.

3% 1. In 2008.415 2007 Value (% change) 180 (-74.371 (2.2% 22.3%) 1. in turn.1% 5. accounting for 11.238 million. the largest investor was China.9%) Share 6.1%) 150 (-70.2 Cambodia 1. (1) Foreign direct investment (FDI) status FDI in Cambodia grew 118. After parliamentary ratification in October 2004. heavily dependent on imports.8% 4.3% 10. except for the garments sector.3% of total FDI.889 million in 2008.701.667 2008 Value (% change) 4.048 million in 2005 to $10. garments and construction sectors playing key roles.371 million. The economy has a structure of a consumption market.globalwindow.2% a year on average from $1. with tourism.3%) 507 (195. Korea's investments were about $1. These moves contributed to improvement in the country's investment environment.org 7 .238 (736. which had an FDI capital of $4.5%) Share 40. led to increasing foreign direct investment (FDI). Table 7 FDI Status in Cambodia (Unit: 1.7%) 171 (29.6%) 1. Since its admission into the WTO in September 2004.1% 11.7% 5.000) 2005 Class. Cambodia has been participated in regional economic cooperation since it joined ASEAN as its 10th member in April 1999.8% 3.889 China Korea ASEAN Total Source: The Council for the Development of Cambodia (CDC). General status The Cambodian economy has achieved growth of more than 10% every year since 2004.000.5% 1.5% 18.9% 2.010 (1.3% 12. www.048 2006 Value (% change) 717 (58.5%) Share 16. which. In addition. Cambodia revised a total of 46 domestic laws to meet WTO standards. Value (% change) 452 (-) 56 (-) 133 (-) Share 43. quotas in the multilateral textile agreement were abolished effective in January 2005. the nation was admitted into the WTO as its 148th member.328.8%) 148 (-85.

066 6. accounting for just 0.000) 2005 Class. accounting for 54.985 576 4.6% -59.014 million in 2005 to $4.014 2. Imports soared by 47. Figure 3 Cambodia's Export and Import Trends (Unit: 1.3% -514.5% annually from $3.170 million in 2008. whose imports from Cambodia reached $2.000. or 7.290 million in 2008.548 466 % change 37.548 million in 2005 to $8. Trade trends Cambodia's annual trade increased in amount from $5. Value Export Import Balance 3.4% of Cambodia's total exports.8% 312.2% 17.457 -2.290 8.1% a year on average from $2.7% of total Cambodian exports. Cambodia's exports to Korea in 2008 amounted to $13 million.6%.4% Value 2006 % change 18.2. but it turned into a deficit in 2007 because of a drastic increase in imports.1% 116.5% 25.3% of its total export volume.6% Value 2007 % change 14.8% 22. To enhance its export to Korea.390 4.562 2.314 million.7% 3.107 -3. Exports expanded by 12. 8 . recording annual growth of 30.2% 23. which imported $329 million worth of goods. The United States was followed by Germany.818 Source: Korea International Trade Association (KITA) (1) Export status 1) Export status by country As of 2008.562 million in 2005 to $12.397 million in 2008. Cambodia needs to develop strategic items. The country had maintained a trade surplus since 2004.9% Value 2008 % change 5. Cambodia's largest export destination was the United States.

573 49. knitted or crocheted Women's slips.018 23. and agricultural and fisheries items.756 2005 732.072 190.139 75. upper of leather Women's suits.297 522.9% 7.251 Share 54.340 75.924 192.986 34.524 476. skirt & short.3% 4.762 78.5% 1.2% 4. pyjamas.868 609.260 98.135 275. Table 9 Cambodia's Top 10 Exports (Unit: Thousands) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 6110 6204 6203 6109 6108 6403 6104 6106 6105 6107 Commodity Jerseys.6% 4. bathrobes.3% 6.149 226. knitted or crocheted Men's shirts.6% 2.5% 1.150 Source: International Trade Centre (ITC) 9 .130 45. rubber goods. jackets.314 329 252 232 191 141 110 105 81 56 13 4.3% 0.0% 3.408 151. knitted or crocheted Men's underpants. knitted/crocheted Women's blouses & shirts.1% 1. Germany Canada U.144 224. trousers & shorts T-shirts.733 107.5% 4.A.3% 0.361 17. knitted/crocheted Footwear.9% 1.1% 100% 2006 Value 1.1% 100% 2007 Value 2.479 75.3% 2.595 225 107 124 46 34 63 70 15 10 2 3.899 233 115 153 75 85 34 139 15 23 3 3.519 121.5% 0. knitted/crocheted 2004 569.180 2006 970.086 177.9% 1. singlets and other vests. dresses.000. knitted or crocheted Women's suits.1% 2.4% 1.778 105.393 773.268 486.6% 0.3% 2.2% 4.488 447.S.0% 7. jackets.5% 3.000) Rank 1 2 3 4 5 6 7 8 9 10 21 Country U.107 79.446 2008 Korea's import 321.952 138.562 Share 53. dresses skirts & shorts Men's suits.6% 2. Its top 10 exports are mostly various kinds of apparel and footwear for men and women. cardigans.4% 0.980 169.014 Share 52.1% 2.Table 8 Cambodia's Top 10 Export Destinations (Unit: 1. lumber products. pyjamas.4% 7.8% 3.6% 5.1% 2.9% 5.348 136.7% 5.K.5% 3.3% 0.1% 1.5% 3.978 50.2% 100% 2008 Value 2.628 41. pullovers.700 458.075 Share 58.608 122.363 298 189 212 187 115 126 77 45 43 8 4.9% 0.3% 100% Source: Korea International Trade Association (KITA) 2) Export status by item Cambodia has a very limited scope of export products such as various kinds of apparel.812 95. Vietnam Spain Japan Singapore Thailand Belgium Korea Total 2005 Value 1.1% 0. panties. bathrobes.1% 1.833 37.

42 million in 2007.553 294.37 million in 2008. Value Export Import Balance 205.2% to $281. Cambodia-Korea trade After exceeding the $200 million mark in 2006.72 million in 2008.5% 36. up 35.2% 62.1% 2.6% 62.3.378 280.383 14. This situation leaves room for Korea to diversify its export products to Cambodia. Korea's exports to Cambodia rose 37. This sector deserves particular attention for its prospect for growth.9% 281.46 million in 2006 to $14.005 Source: Korea International Trade Association (KITA) (1) Korean exports to Cambodia Other knitted or crocheted fabrics topped the list of Korean exports to Cambodia for two consecutive years by amounting to $64.38 million in 2008.3% from the previous year.093 5. Korea's top 10 exports to Cambodia are mainly comprised of various textile products and car-related goods. Korea's imports from Cambodia grew by annual average of 62.632 % change Value 2007 % change 37. and then to $294.0% Value 2008 % change 4.873 272. Figure 4 Trends in Korea's Trade with Cambodia (Unit: Thousands) 2006 Class.461 199.17 million in 2007 and $60. 10 . the exports of which in 2008 reached $32. The second spot was taken by motor vehicles for the transport of goods.3% from $5. Although still at a minimal level.14 million in value.426 8.

6 193. accounting for 61.6 11.529 1.3 1.2 0. marine products.497 8. %) Rank 1 2 3 4 5 6 7 8 9 10 Industrial sector Textile & Apparel Articles of iron or Steel.9% of total imports from Cambodia.3% 27.1 1.751 729 235 168 31 30 6 2 14.9 -50. scrap twine cordage.684 6.04 0.1 0.282 7.9% -0.723 6.142 27.0% 32.2 69.2 0.391 1. Marine Products Living ware Electrical Articles.8% 17.6% and 12.4% 10.873 2008 Share 72.2 62.4% 45.469 3. Ranked second and third were steel and metal products.6 12. Forest.7% 58.3% 50.4% 35.8 -83.9 17.2 0.2% 126.0 16.89 million.5 Value 8.Table 10 Korea's Top 10 Exports to Cambodia (Unit: Thousands) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 6006 8704 6004 6309 6310 8702 8711 6217 8708 8703 Commodity Other Knitted or crocheted fabrics Motor vehicles for the transport of goods Knitted or crocheted fabrics Worn clothing and other worn articles Used or new rags.01 100.1 Share 61.1 120.0 % change 79.2% of the total imports.631 6.4 3. forest.1% -5. Metals Agricultural.4 -98.6% -2.378 % change 39.1 0.444 8.8% 7.1% Value 2008 % change -5.2 0.2 5. respectively.0 Total Source: Korea International Trade Association (KITA) 11 .2 129.769 60. rope and cables Motor vehicles for the transport of ten or more persons Motorcycles Other made up clothing accessories Parts and accessories of the motor vehicles of headings Motor cars and other motor vehicles principally designed for the transport of persons Value 2007 % change 43.1 0.2 169.750 36.4 267. Electronic Articles Machinery Articles of Plastic Rubber or Leather Chemical Industry Manufactures Mineral Product Miscellaneous Articles/Sundries 2007 Value 6.876 10.729 32.7% 61.0 0.1% 2.4 719.382 5. and agricultural.5 164.630 19.8 164.2% 5.8 7.257 6.081 Source: Korea International Trade Association (KITA) (2) Korean imports from Cambodia 1) Import status by industry Textile and apparel products constituted the largest sector of imported goods from Cambodia in 2008.3% -25.6 1.172 23.5 102.419 20.3 982.0 100. which accounted for 17.898 2.493 661 276 22 10 12 8 0 1 8.412 6.0 62.100 6.577. This sector's imports reached $8.9% -17.1 0. Table 11 Industrial Trends in Korea's Imports from Cambodia (Unit: Thousands.3% 64.

A. however.107 40. In contrast. ensembles.273 1. had a meager 0.978 1.1% 1. aluminum waste and scrap were in the top spot with their import amount standing at $2.2% 0.503 0.1% Rank in market 44 7 2nd U.2) Import status by item An item review of the imports from Cambodia shows that in 2008.020.2% share in the Korean import market.S. Women's or girls' suits. jackets.11 million.265 1.003.393 447. jackets. waistcoats and similar articles Footwear with outer soles of rubber.S.A. Men's or boys' suits. These products. Indonesia 3rd Australia Malaysia 1 2 3 6109 458. pullovers.1% 3 19 30 17 21 8 China China China China China China Philippines Italy Italy Italy Italy Vietnam Cambodia Vietnam U. jackets Jerseys.2% 0.541 1. ensembles. ensembles.1% 0. Vietnam Vietnam El Salvador Source: Korea International Trade Association (KITA) Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 12 .034 Imports from Cambodia Value 2. jackets Women's or girls' suits.700 773. singlets and other vests.1% 0. knitted or crocheted Total imports 1. guayule.367 1. balata. knitted or crocheted. Men's or boys' suits. knitted or crocheted.3% 16 China Italy India 4 6104 79.611 609. men's suits (knitted or crocheted) from Cambodia was ranked third in the Korean import market by holding a 3. ensembles.086 688 679 632 474 3. 5 6 7 8 9 10 6103 6203 6204 6110 6403 6114 38.112 1.868 321. Table 12 Korea's Top 10 Imports from Cambodia and Their Import Market Shares (Unit: Thousands) Rank HS Code 7602 4001 Commodity Aluminium waste and scrap Natural rubber. plastics Other garments.2% share.628 1.S.598 Top 3 countries in share 1st U.K. chicle T-shirts. gutta-percha.5% 9 China Italy U. knitted or crocheted. cardigans.2% 0. Thailand Share 0.A.

of Projects 5 184 130 57 74 182 1.9%. soaring prices of crude oil and other raw materials. In particular. General status Indonesia has abundant energy resources such as coal. Korea ranked second in terms of the number of projects.8% in value terms while the number of projects increased 15.478 1.138 projects. as well as a solid domestic consumption market supported by its population of 240 million people.3 Indonesia 1.748 618 1. By investing $310 million in 182 projects. automobiles and parts.871 Source: Indonesia Investment Coordinating Board (BKPM).365 513 363 301 14.000. Malaysia Korea Total 2007 No. Indonesia is now looking for new growth engines in various sectors such as fabrics and fabric products.globalwindow.871 million invested in 1. (1) Foreign direct investment (FDI) status FDI in Indonesia in 2008 amounted to $14.org 13 . and the upward trend of interest rates driven by inflation pressures.487 1. Indonesia is entering a stable path of growth after coming out of the 1997-1998 financial crisis.K. steel. of Projects 7 124 113 63 56 164 982 2008 Value 224 3.686 217 628 10. Compared with the previous year. To diversify its economic structure which is heavily dependent on energy resources. Mauritius emerged as the largest investor with an invested capital of $6.000) Rank 1 2 3 4 5 6 Country Republic of Mauritius Singapore Japan U.341 No. crude oil and natural gas. www.478 million. These two factors form the backbone of the country's economic growth. shipbuilding. it achieved solid growth of 6. and sixth in terms of value. Table 13 FDI Status in Indonesia (Unit: $ 1.1% in 2008 despite a number of unfavorable developments such as international financial instability. In macroeconomic terms. the amount went up 43. petrochemical. and aquaculture. electronics and parts.138 Value 6.

638 17.3% Value 2007 % change 13.628 million in 2007. Indonesia was ranked 30th worldwide in terms of trade volume.484 39.769 114.7% 24. The shipments to Japan accounted for 20. the surplus declined 56% from the previous year.9% 84.660 million in 2005 to $155.744 million. the country's imports rose 33.5% Value 2006 % change 17.000) 2005 Class.117 million worth of products or 6.4% Value 2008 % change 35.4% from 2007.060 million in 2008.842 61. Japan was followed by the United States. 14 . Indonesia's exports grew by an average of 21.8% 42. according to IMF statistics. During the same period.000. Trade trends As of 2008.714 million to $137. Trade surplus jumped from $27.422 Source: Korea International Trade Association (KITA) (1) Export status 1) Export status by country Indonesia's largest export destination in 2008 was Japan.112 74. Value Export Import Balance 85.0% 11.6% of total Indonesian exports in 2008.7% 5.628 155. Singapore and China.660 57.060 137. which imported Indonesian goods worth about $27.9% a year from $85. up 17.0% 100. Korea was placed fifth by importing $9. Worthy of note is India.714 27. In 2008. registering 19.0% -0.7% of Indonesia's total exports.8% -56.946 million in 2005 to $39. Figure 5 Indonesia's Export and Import Trends (Unit: $ 1.2.638 million.5% a year on average.946 % change 19.2% 22.073 39.6% from $57.1% annual growth on average. the Indonesian exports to which grew 35.

0% 2.878 3.862 11.5% 6.354 3.694 3.375 1.344 7.514 1.7% 100% 1 2 3 4 5 6 7 8 9 10 Source: Korea International Trade Association (KITA) (2) Export status by item Indonesia's largest export item is natural gas.855 12.5% 3.771 2.6% 100% Share 21. not crude Automatic data processing machines.086 2. whose exports amounted to $10.944 5.082 4.000) Rank Country Japan U.637 9.786 1.662 7.1% 2.228 2.6% 11.213 4. Singapore China Korea India Malaysia Australia Netherlands Thailand Total 2005 Value 18.197 8.080 12.842 2007 Value 23. briquettes.111 2.A.433 4.050 2006 10.1% 11.4% 4.5% 2.442 1.Table 14 Indonesia's Top 10 Export Destinations (Unit: $ 1.926 3.2% 8. printing 2004 2.3% 7.2% 9. or 8.081 3.507 1.7% 10.518 2.372 225 3.246 85.169 million in value.660 2006 Value 21.259 8.577 738 2005 9.S.117 7.633 11.234 2.646 4.930 8.4% 2.904 1.818 4.837 6.661 137.197 million in 2006.000.7% 10.096 3.3% 4. ovoids & similar solid fuels manufactured from coal Palm oil & its fraction Copper ores and concentrates Natural rubber.679 2.6% 4.6% 4. balata.6% 2.584 1.1% of the country's total exports. veneered panels and similar laminated wood Uncoated paper for writing.756 3.644 10.676 7.395 2.181 1.850 1.3% 3.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2711 2709 2701 1511 2603 4001 2710 8471 4412 4802 Commodity Petroleum gases Crude petroleum oils Coal.003 17.322 2.1% of the country's total exports.702 100.815 1. It was followed by crude oil. gutta-percha Petroleum oils.4% 4.169 6.000.9% 8.2% 8.0% 2.5% 3.049 9.112 2008 Value 27.744 13.1% 7.111 3.8% 8.6% 3.3% 4.431 2.7% 2.749 3.2% 8.4% 2.7% 100% Share 20.732 11.758 3.391 4.022 Share 21.893 85.517 1.7% 100% Share 20. whose exports reached $8. optical reader Plywood.889 7.5% 9. Table 15 Indonesia's Top 10 Exports (Unit: $ 1.0% 2.6% 2.802 2.583 4.311 2.154 8.502 9.631 1.163 6. accounting for 10.2% 9.392 2008 Korea's import 24.5% 6.631 544 147 Source: International Trade Centre (ITC) 15 .146 4.054 114.

477 million.3% 4.0% -15.849 -3.4% 3.6% Value 2007 % change 18.000) 2005 Class. whose exports amounted to $530 million. thus recording a deficit of $3.254 million.5% 24.387 million.343 7. Indonesia was ranked 15th among Korea's export destinations.1% 26. and synthetic rubber.4% 8. Indonesia-Korea trade In March 2009.9% Value 2008 % change 37.3. 16 .046 8. Ranked first in 2008 were petroleum oils and oils obtained from bituminous minerals whose exports were worth $2. and the ninth largest source of import.320 -3. accounting for 31. They were followed by special-purpose vessels.874 8.000. In 2008.320 worth of good.2% 1. Figure 6 Trends in Korea's Trade with Indonesia (Unit: $ 1.3% during the 2005-2008 period. Korea exported $7.2% of the total export volume.387 Source: Korea International Trade Association (KITA) (1) Korean exports to Indonesia Major Korean exports to Indonesia in 2008 included petroleum oils and oils obtained from bituminous minerals. rising from $13.975 5.230 million to $19.7% of the total exports.184 -3.934 11. or 6. special-purpose vessels. Value Export Import Balance 5.139 % change 37.5% Value 2006 % change -3. Trade volume between Korea and Indonesia registered average annual growth of 13.2% 28.771 9.114 -3.934 million worth of products and imported $11.

%) Rank Industrial sector Mineral Product Chemical Industry Manufactures Agricultural.3 22.2 68.0% 16. Synthetic rubber and mixtures. Imports of miscellaneous articles were up 68.1 19.4 0.114 % change -3.9 2.843 971 888 644 440 314 135 40 37 7 11.7 3.0 10.8 5.0% 26.9 1. 2007 Value 1.05 100 Value 7.7% 13.3 3. Marine Products Articles of Iron or Steel.000. mineral products were ranked first as their import amount jumped by $1.3 0.6% of total imports.3 0.Table 16 Korea's Top 10 Exports to Indonesia (Unit: $ million) Rank HS Code 2710 8905 6006 4002 7210 7208 3902 8522 7209 6004 Commodity Petroleum oils and oils.9 15.9% 39. recording the highest growth rate.4 0.6 7. Ranked second were chemical industry manufactures.3% 1 2 3 4 5 6 7 8 9 10 2.3 126.6% -17. whose imports amounted to $971 million.8% 3.7 24. Forest. Parts and accessories suitable for sound/video apparatus.5% -11. Electronic Articles Textile & Apparel Living ware Machinery Articles of Plastic Rubber or Leather Miscellaneous Articles/Sundries 2007 Value 6. Metals Electrical Articles.4% Value 2008 % change 65. constituting 8.0 Share 68.3% Source: Korea International Trade Association (KITA) (2) Korean imports from Indonesia 1) Import status by industry Mineral products were at the top of the list of Korean imports from Indonesia in 2008.8% 5.9 1.494 10 209 88 121 32 67 105 78 95 % change 17. Flat-rolled products of iron or non-alloy steel.071.6 11.000.0 44.1 100 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) 17 .250 804 667 578 355 264 122 37 34 4 9.6 8.5 24.7 33.8% 29.3 18. Table 17 Industrial Trends in Korea's Imports from Indonesia (Unit: $ 1.2 1.4 3.6 4. Flat-rolled products of iron or non-alloy steel.593 million. Vessels.5 9. In value terms.3 11.7% from 2007.0% 91.3% 59.9 2.477 530 295 196 167 144 128 127 125 120 41.3 8.3% of total imports. with $7. Knitted or crocheted fabrics.320 2008 % change 25.8 7.6% 37.9% 59.4 0.8 1. Flat-rolled products of iron or non-alloy steel.843 million which accounted for 69. Other Knitted or crocheted fabrics.2% 349.2 Share 69.2 0.1% 122. drilling or production platforms.5 20.3 6. Polymers of propylene or of other olefin.0 12.2% 20. waste oils.

000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2711 2701 2709 2710 2603 4703 4001 7501 7112 2814 Commodity Petrtoleum gases and hydrocarbons.8% 13.8% 3.081 3. anhydrous or in aqueous solution. coal and similar solid fuels were ranked first as their imports jumped by $730 million.8 294 2 0.2) Import status by item Of the key imports from Indonesia. In value terms.003 636 478 602 Imports from Indonesia Value Share Rank in market 2.S.555 649 482 384 298 280 275 179 11. Chemical wood pulp Natural rubber and similar natural gums.7% 6 1 1 2 5 1 2 1 1 Top 3 countries in share 1st Canada Indonesia Indonesia Thailand Philippines 2nd Chile Canada Thailand Indonesia Thailand Italy Indonesia Brazil Iran 3rd U. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market Table 19 Detailed Status of Key Korean Imports from Indonesia (Unit: $ 1.7% 44.1% 7.372 85.768 2. Table 18 Korea's Top 10 Imports from Indonesia and Their Import Market Shares (Unit: $ 1.530 1.9 280 275 179 4.E.000) HS Code 4703 4703212000 4703292000 4001212000 4001 4001220000 4001290000 4001309000 7501 7112 2814 7501201090 7112991000 2814100000 Commodity Bleached: Coniferous Bleached: Non-coniferous Natural rubber smoked sheets.2% 35.A.0% 57. waste oils.3% 36. In terms of annual increase. Nickel and other intermediate products Waste and scrap of precious metal Ammonia. petroleum gases were ranked first in value terms as their imports amounted to $2.768 million in 2008.098 1.4% 90.1 Technically specified natural rubber (TSNR) Other natural rubber Other natural gums Nickel oxide sinters (Other) Other .2% 29. Total imports 24.0% 1.7% 94.7% 4 3 10 7 3 1 2 2 1 1 Top 3 countries in share 1st Qatar Australia Saudi Arabia India Chile Indonesia 2nd Oman China U.7% 25. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 18 . Saudi Arabia Australia Canada Indonesia Indonesia 3rd Malaysia Indonesia Kuwait U. holding a 57.4% 44. Rss No. Copper ores and concentrates.1% 17. Indonesia Chile Malaysia Australia India Australia Thailand Canada Indonesia Indonesia Brazil Iran Source: Korea International Trade Association (KITA). Chile Malaysia Vietnam China Australia India Australia Indonesia Canada Indonesia Indonesia Source: Korea International Trade Association (KITA).855 17. Precious metal imports amounted to $275 million.E.000.000.Of residues Anhydrous ammonia Total imports 420 1.5% share of the Korean import market. Though small in their volumes.514 1. with its imports recording 85% growth from the previous year.1% 29.5% 29. Coal and similar solid fuels Petroleum oils and oils Petroleum oils and oils.A. chemical wood pulp and ammonia held the largest shares in their respective import markets in Korea.A. ammonia in aqueous solution was in the first place.4% 60.893 12.006 2 838 26 1 631 457 602 Imports from Indonesia Value Share Rank in market 18 366 1.

3% 20.106 -785 12.814 -1.3% 64. The country's exports climbed by an annual average of 33% from $697 million in 2005 to $1.967 million in 2005 to $4.814 million in 2008. Rich in natural resources such as calium. high value-added industries such as construction. the agricultural sector's influence is becoming lower. Lao PDR is considered to have good prospects for attracting foreign investment. Foreign direct investment (FDI) has contributed considerably to the country's rapid economic growth since the mid 1990s. Imports rose 30.270 million in 2005 to $2.4 Lao PDR 1.1% 33. absorbing 80% of its employed population.4% a year from $1.639 2.639 million in 2008.178 1.321 2.6% 2008 Value % change 1. scapolite. In contrast. precious metals. gold.175 24. Lao PDR has achieved high annual growth of 8% on average since 2006.270 -573 30.6% -49.000.453 million in 2008. General status Having concentrated on implementing the five-year social and economic development plan approved by parliament in 2001. coal and natural gas.2% 2006 Value % change 1. The agricultural sector accounts for about 50% of the country's GDP. iron. registering an average growth rate of 31.3% -16. Trade trends Trade volume of Lao PDR jumped from $1.8% 2007 Value % change 1. With the entire Lao PDR economy greatly affected by climate change.3% a year. 2. This upward trend is predicted to continue.1% 27.0% 30. Figure 7 Lao PDR's Export and Import Trends (Unit: 1. 2005 Value % change 697 1.7% Export Import Balance Source: Korea International Trade Association (KITA) 19 .655 -477 69. manufacturing and service are growing lately.000) Class.3% 10.

6% 6. women's wear and sawn/chipped wood contracted sharply.3% 4.8% 3.6% 14.0% of the entire Lao PDR exports.3% 12.5% 3.324 2008 Value 569 248 136 54 48 42 40 22 18 16 1.000.4% 0. or 15. importing $48 million worth of goods.0% 2. Exports of refined copper and copper alloys recorded the most conspicuous growth rate. Korea Germany U. (1) Export status 1) Export status by country Thailand is the top export destination of Lao PDR. Thailand was followed by Vietnam in second with transactions worth $248 million.0% 0.1% 1.0% 100% Share 40. with both exports and imports on the rise.8% 100% Share 35.5% 15.178 2007 Value 431 192 77 42 64 43 19 26 11 11 1. ahead of Vietnam.22 million in 2006.8% 0.K. Ranked second were sawn/chipped wood.8% 0.2% 1.5% 5.Lao PDR' trade volume is expanding.5% of the total Lao PDR exports.1% 0. which represented 35. its trade balance remains in the red.9% 100% Share 32.6% 2. But.8% of the country's total exports.8% 3.0% 0.3% 1. Lao PDR's exports to Thailand amounted to $569 million in 2008.604 Share 29.1% 1. Korea is one of the main export destination of Lao PDR.5% 8.S. or 3.3% 12.000) Rank Country Thailand Vietnam China U. accounting for 26. China and the United Kingdom. the exports of which were worth $82.3% 1.2% 4.5% of total exports of the country in that year.5% 1. France Belgium Japan 2005 Value 204 89 23 8 2 32 4 42 16 7 697 2006 Value 475 151 45 1 16 35 8 29 17 11 1.7% 2.8% 3. 20 . Their exports amounted to $316.0% 100% 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) 2) Export status by item The most significant export items of Lao PDR are refined copper and copper alloys.4% 1.4% 3.91 million.4% 3. but those of wood in the rough.5% 1. Table 20 Lao PDR's Top 10 Export Destinations (Unit: 1.8% 3. Future developments merit attention as the country's exports have been surpassing imports in their growth rates since 2006.A.0% 2.4% 2.6% 0.

Lao PDR-Korea trade Bilateral trade between Korea and Lao PDR expanded from $41.328 17.0% -363. gutta-percha 2004 0 104.668 15.229 82.727 37. Korea had a surplus in the bilateral trade in 2006. recording average annual growth of 198.000) Class.143 0 22. singlets and other vests.402 773.759 23.124.380 33.Table 21 Lao PDR's Top 10 Exports (Unit: 1. Figure 8 Trends in Korea's Trade with Lao PDR (Unit: 1.734 22. Korea's export to Lao PDR increased by annual average of 151% from $23. cardigans.6% 296.96 million during the same period.567 55. when imports from Lao PDR contracted considerably.208 36.965 222 Source: Korea International Trade Association (KITA) 21 .224 2006 316.351 321.131 1.367 20.7% -101.08 million in 2006 to $106.335 -14. jackets.868 1.284. but it turned into a deficit in 2007.520 31.435 28.000) Rank HS Code 7403 4407 6110 6203 6109 6205 4403 7108 6204 4001 Commodity Refined copper and copper alloys. The trade situation turned in Korea's favor again in 2008.991 838.040 24.5% 23.425 35.248 4. Imports from Lao PDR climbed by annual average of 172. pullovers. knitted or crocheted Men's shirts Wood in the rough Gold unwrought or in semi-manufactured forms Women's suits.393 609.700 458. unwrought Wood sawn/chipped lengthwise.653 70.107 26.829 1.115 12. knitted or crocheted Men's suits.760 5.066 17.628 145.2%.034 Source: International Trade Centre (ITC) 3.498 36. when import growth outpaced that of exports. trousers & shorts T-shirts.141 2008 Korea's import 3.498 1 2 3 4 5 6 7 8 9 10 288. balata.273 6. jackets.7% from $17.18 million in 2008.193 34.15 million in 2008.537 2005 77.32 million in 2006 to $53.76 million to $52.683 53.8% Value 2008 % change -4.003. sliced/peeled Jerseys.753 19.423 25.187 52.098 117. Export Import Balance Value 2006 % change - Value 2007 % change 138. dresses skirts & shorts Natural rubber.4% -24.914 44.

(1) Korean exports to Lao PDR High on the list of top Korean exports to Lao PDR are various motor vehicles and related parts and accessories. Ranked first in 2008 were motor vehicles for the transport of goods whose exports amounted to $19.71 million. Second in rank were motor cars designed for the transport of persons, whose export volume was $15.09 million. Other items on the top 10 list included medicaments, electric accumulators, various steel products, and safety glass. Steel structures and medicaments emerged as items with particularly good prospects, with their export volume increasing significantly in 2008. Table 22 Korea's Top 10 Exports to Lao PDR
(Unit: 1,000)

Rank 1 2 3 4 5 6 7 8 9 10

HS Code
8704 8703 8708 8702 3004 4011 7308 8507 7216 7007

Commodity
Motor vehicles for the transport of goods Motor cars and vehicles principally designed for the transport of persons Parts and accessories of the motor vehicles Motor vehicles for the transport of ten or more persons Medicaments New pneumatic tires, of rubber Structures Electric accumulators Angles, shapes and sections of iron or non-alloy steel Safety glass

Value

2007 % change
99.2% 112.6% 54.1% 195.6% -30.1% 94.6% 372.9% -

Value

2008 % change
-0.5% 33.4% 8.6% -40.3% 1,275.0% 37.3% 4,148.8% -34.4% -

19,808 11,320 2,869 5,145 115 828 19 1,159 0 0

19,713 15,095 3,117 3,071 1,576 1,137 796 760 741 527

Source: Korea International Trade Association (KITA)

(2) Korean imports from Lao PDR 1) Import status by industry Iron, steel and metals constituted the largest import sector in 2008, with their import volume standing at $29.95 million, accounting for 56.6% of total imports. But, this sector recorded considerable contraction from its amount of $67.16 million and share of 95.5% registered in 2007. In contrast, mineral product, $25 thousand in 2007, increased tremendously to $20.17 million in 2008, accounting for 38.1% of total imports. Imports of this sector are expected to continue to grow.

22

Ranked third and fourth were agricultural, forest, marine products and living ware, whose imports amounted to $2.18 million and $ 0.374 million, respectively. The other products remained at miniscule levels, so Lao PDR needs to diversify its export items and develop strategic items targeting the Korean market. Table 23 Industrial Trends in Korea's Imports from Lao PDR
(Unit: 1,000, %)

Rank
1 2 3 4 5 6 7

Industrial sector
Articles of Iron or Steel, Metals Mineral Product Agricultural, Forest, Marine Products Living ware Textile & Apparel Miscellaneous Articles/Sundries Chemical Industry Manufactures Total

Value
67,169 25 2,950 0 190 0 0 70,335

2007 % change
372.7 69.5 -17.5 296.0

Share
95.5 0.0 4.2 0.0 0.3 0.0 0.0 100

Value
29,952 20,179 2,188 374 271 1 0 52,965

2008 % change
-55.4
79,139.1

Share
56.6 38.1 4.1 0.7 0.5 0.0 0.0 100

-25.8 42.4 -24.7

Source: Korea International Trade Association (KITA)

2) Import status by item Ranked first among the Korean imports from Lao PDR are refined copper and copper alloys, whose imports reached $29.95 million. They were followed by copper ores and concentrates whose imports were worth $20.17 million. In terms of import market shares, these two categories accounted for just 1% (8th) and 0.6% (13th). Various other products such as nuts, wood and apparel were among the top 10 imports. But, except for the items ranked first and second, these items were generally small in volume and low in market shares. Table 24 Top 10 Korean Imports from Lao PDR and Their Import Market Shares
(Unit: 1,000)

Rank
1 2 3 4 5 6 7 8 9 10

HS Code
7403 2603 0802 4409 8305 2402 4407 4402 6110 1211

Commodity
Refined copper and copper alloys, unwrought Copper ores and concentrates Other nuts Wood Fittings for loose-leaf binders or files Cigars, cheroots, cigarillos and cigarettes Wood sawn or chipped lengthwise Wood charcoal Jerseys, pullovers, cardigans and similar articles Plants and parts of plants

Total imports
3,124,498 3,514,025 92,043 85,917 10,850 12,484 288,351 61,991 321,393 53,866

Imports from Lao PDR Rank in Value Share market
29,951 20,179 752 607 363 277 200 164 162 89 1.0% 0.6% 0.8% 0.7% 3.3% 2.2% 0.1% 0.3% 0.1% 0.2% 8 13 4 15 3 7 29 9 33 19

Top 3 countries in share 1st
Chile Chile U.S.A. China China Japan Canada Indonesia China China

2nd
Philippines Australia China Indonesia Japan U.A.E. China China Italy Uzbek

3rd
Japan Indonesia Turkey Canada Lao PDR U.S.A. Malaysia Malaysia Vietnam Vietnam

Source: Korea International Trade Association (KITA), 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market

23

5 Malaysia
1. General status
Rich in natural resources such as crude oil, natural gas, palm oil and tin, Malaysia has great potential for growth. Through intensive investment in infrastructure and improvement in its business environment, Malaysia is endeavoring to attract regional headquarters and logistics centers of multinational companies, ultimately trying to become an economic hub of Southeast Asia. Based on these efforts, the country is beginning to depart from its past trade pattern of relying on Singapore, while pursuing intermediary trade involving neighboring countries. Since the mid 1980s, Malaysia has actively implemented a policy to draw foreign investment. Consequently, about 4,000 multinational companies have advanced to Malaysia, turning the country into a place of competition for global companies leading world markets, particularly in manufacturing sectors such as electricity and electronics. Most of the foreign companies operating in Malaysia and many local companies are engaged in manufacturing activities focused on assembly for finished products. So, they are highly reliant on imports of capital goods such as machinery, intermediate products and components. Because of this situation, Malaysia is showing an industrial pattern traditionally displayed by processing trade-oriented countries where export growth automatically leads to increase in imports. (1) Foreign direct investment (FDI) status Top foreign investors in Malaysia include Australia, the United States, and Japan. In 2008, Australia was the largest foreign investors in Malaysia, with $3,936 million. Japan, which was the largest investor in 2007, slipped to the third place in 2008, with its investment of $1,680 million. Korea invested $59 million in 2008, thus assuming the 14th spot, down from its previous 10th. Table 25 FDI Status in Malaysia (Based on Manufacturing Permits)
(Unit: $ 1,000,000)

Rank 1 2 3 4 5 14

Country Australia U.S.A. Japan Germany Netherlands Korea

Total

2006 No. of Projects 20 38 81 15 13 18 607

Value 698 675 1,202 63 895 119 5,512

2007 No. of Projects 17 33 60 26 9 23 515

Value 490 878 1,896 1,092 491 325 9,717

2008 No. of Projects 20 22 63 19 19 9 521

Value 3,936 2,603 1,680 1,333 539 59 13,844

Source: MDA (Malaysian Industrial Development Authority), www.globalwindow.org

24

466 million.2% % change 23.276 % change 11. Figure 9 Malaysia's Export and Import Trends (Unit: $ 1. The imports expanded by 18.0% 14.1% a year from $113.4% from the previous year. rising from $4.1% from 2007.666 130.172 million in 2008.9% 23. Of the top 10 destinations. Malaysia's exports grew 15.619 27.361 million in 2005 to $30.800 million in 2008.179 2007 Value 176.7% of the total Malaysian exports. The products shipped to Korea represented 3.5% of the Malaysian exports by importing $24.416 million.7% 12.361 2006 Value 160.172 30.6% -3.276 million in 2008.221 2008 Value 217.980 million in 2005 to $217.000) Class.448 187.9% of the total Malaysian exports. Malaysian exports to Korea registered 18.8% 10.3% % change 9. Shipments to Singapore accounted for 14.737 million in 2005 to $7.3% % change 14.2.6% Source: Korea International Trade Association (KITA) (1) Export status by country Malaysia's top export destination in 2008 was Singapore with transactions worth $29. up 33.4% 8. according to IMF statistics. an increase of 14. Trade trends Malaysia was the 20th largest trading nation in the world in 2008. Export Import Balance 2005 Value 140.5% a year on average from $140.3% 3. 25 . Malaysia is steadily maintaining its trade surplus. Singapore was followed by the United States. which increased from $27. which in 2008 amounted to $21.1% growth a year on average.213 146.936 million worth of products.992 29.4% 27.619 million in 2005 to $187. Japan showed highest growth in imports from Malaysia.980 113.487 30.000.448 million in 2008. which absorbed 12.

2% 2.081 804 3.6% 19.353 1.666 2007 Value Share 25.778 1.168 million.8% 3.939 6.032 16. Malaysia was ranked 24th among Korea's export destinations.241 11.955 4. transmission appliance for radio-telephone Diodes/transistors & similar semiconductor devices Natural rubber.530 7.631 2.7% 3.3% 4.982 6.354 million.245 8.322 11.4% 5.0% 4.372 4.091 15.4% 2.762 9.6% 100% 14.606 14.8% 5.6% 9.553 5.980 2006 Value Share 24.854 3.766 4.Table 26 Malaysia's Top 10 Export Destinations (Unit: $ 1.9% 100% 14.181 9.241 4.528 2006 21.806 5.703 5.5% 100% Source: Korea International Trade Association (KITA) (2) Export status by item Malaysia's largest export items in 2007 were electronic integrated circuits whose exports were worth $23.S.285 million to $8.6% 5. Malaysia-Korea trade In March 2009.285 4.3% 3.8% 3.672 5.010 27. Table 27 Malaysia's Top 10 Exports (Unit: $ 1.5% 10.893 225 17.571 8. as their exports rose from $4.393 7.858 3.9% 3.772 27.936 21.303 7.229 2.233 4.203 5.6% 3.191 14.580 4. palm oil and its fraction showed the highest average annual growth rate of 38.9% 26 . balata.737 3.6% 15.1% 8.3% of the total exports.881 3.3% 100% 15.801 2.031 199.102 8.849 160.878 176.4% 3.000) Rank HS Code 8542 8471 8473 2709 2711 1511 2710 8525 8541 4001 Commodity Electronic integrated circuits and micro assemblies Automatic data processing machines.510 1 2 3 4 5 6 7 8 9 10 Total 15.345 7.855 24.8% 3.947 5.9% 3. Ranked second were automatic data processing machines with $16.585 8.3% 3.6% 3.8% 8.764 13.213 2008 Value Share 29.552 9.800 7.000.8% 3.4% 18.A. not crude Television camera.7% 9.7% 3.136 2008 Korea's import 25.766 4.413 7.9% 7.5% 4.000) Rank Country Singapore U.289 8.744 30.466 19.235 5.416 24.886 7.8% 9.3% 6.049 9.531 16.609 140. and eighth among the sources of imports. Japan China Thailand Hong kong Korea India Australia Netherlands 2005 Value Share 22.345 85.000.003 1 2 3 4 5 6 7 8 9 10 Source: International Trade Centre (ITC) 3.7% 12. or 13.884 5.4% 3. gutta-percha 2005 19. Bilateral trade increased by annual average of 13. optical reader Parts & accessories of computers & office machines Crude petroleum oils Petroleum gases Palm oil & its fraction Petroleum oils.2% 5.452 8. Of the top 10 items.6% during the 2005-2007 period.646 8.168 10.8% 4.247 2007 23.129 4.012 3.354 16.730 8.502 7.235 million.145 6.

2007 Value % change 1.1% 99.7% of the total Korean exports to Malaysia.9% -48.1% 28.000.0% 28.2% 22.000) Rank 1 2 3 4 5 6 7 8 HS Code 8542 9013 8517 8473 8534 8529 7209 8471 Commodity Electronic integrated circuits.9% - 2006 Value % change 5.9% from $4. liquid crystals.794 million during the same period.608 6. lasers. Flat-rolled products of iron or non-alloy steel.6% -67. Figure 10 Trends in Korea's Trade with Malaysia (Unit: $ 1.015 13.4% 2.6% 2007 Value % change 5.115 million in 2008. Electronic integrated circuits were ranked first.9% Value 2008 % change 1.8% -0.5% 17.1% 271 251. Liquid crystal.108 29.909 million.794 9. 7210 10 Source: Korea International Trade Association (KITA) 27 . Korea's exports to Malaysia climbed by annual average of 7.227 7.012 -1. Telephone sets. Thus.000) Class. Korea's deficit in its trade with Malaysia grew from $1.000. other optical appliances and instruments.4% of the total export volume.4% 50.3% 5.012 million to $9.6% 17.909 -4. or 15.703 in 2008.1% from $6.403 million in 2005 to $4.242 -2.4% 20.5% 43. This amount.174.7% Automatic data processing machines. and telephone sets.2% 119.1% contraction from the previous year.9% 53.1% 16.704 8.2% 317 527 217 168 80 96 280 96 4. Monitors and projectors.4% 22. or 9.403 2.7% -52.738 9.4% 201. Parts suitable for use transmission apparatus and monitors and projectors.9% 5. not incorporating television 8528 9 reception apparatus Flat-rolled products of iron or non-alloy steel.332.620 million in 2005 to $15. Imports jumped by an average of 18.3% Value 908 542 314 274 246 197 175 148 134 124 2008 % change -18.608 million to $5.442 -2.115 Source: Korea International Trade Association (KITA) (1) Korean exports to Malaysia Top Korean exports to Malaysia include electronic integrated circuits. with their export amount in 2008 reaching $908 million.4% 7. Table 28 Korea's Top 10 Exports to Malaysia (Unit: $ 1.0% 13. whose export amount was $542 million. however. Export Import Balance 2005 Value % change 4. other apparatus for the transmission or reception Parts and accessories suitable for typewriters and automatic data processing machines Printed Circuits. In the second spot were liquid crystals. represented an 18.6% 35.from $10.

6 17. Forest. petroleum gases recorded the largest increase of $1.5 35.608 763 385 247 167 81 46 20 5 8.456 million.1 100 % change 25. tin showed the highest import growth rate of 85.5 0.4 -31.7 25. Table 29 Industrial Trends in Korea's Imports from Malaysia (Unit: $ 1. Imports of chemical industry manufactures jumped 44.6 17. Of the top 10 items. or 13.9 2.7 44.489 898 556 349 114 96 63 22 2 9. Electronic Articles Agricultural.9 9.9 17.909 % change 29.0 0.9% of total imports in 2008.2 0.1 9.1 -4. They were followed by the electric and electronic articles sector.6 0. Marine Products Chemical Industry Manufactures Articles of Iron or Steel.0 1.0 4.119 2.4 94.320 million accounting for 53.5 40. forest and marine products sector.8 8.4 2.6 2.5 41.1 5.5 1.2 0.6 Value 5.6 16.320 2.6%.5 5. recording the biggest growth rate. 28 .442 2008 Share 48.7% of total imports from Malaysia.0 0. %) 2007 Rank 1 2 3 4 5 6 7 8 9 10 Industrial sector Value Mineral Product Electrical Articles.6 3. respectively.03 100 Total Source: Korea International Trade Association (KITA) 2) Import status by item Of the products imported from Malaysia.8 30.4 Share 53.2 1. whose import volumes reached $2. with their import amount standing at $3.(2) Korean imports from Malaysia 1) Import status by industry Mineral products constituted the largest import sector in 2008. In value terms.000.017 million.7 4.000. Metals Machinery Articles Of Plastic Rubber Or Leather Textile & Apparel Living ware Miscellaneous Articles/Sundries 4.9 -47.8% compared with 2007.8 28.1 1. respectively.5 38. while imports of miscellaneous articles and machinery declined 47. petroleum gases were ranked first in value terms.5% from the previous year.9% and 31. and the agriculture.8 22.489 million and $898 million. with their imports worth $5.

881 85.081 5.2% 85.0% 2 China Malaysia Indonesia 4412317000 20 0.Of a thickness less than 12 mm but not less than 10 mm Total imports 2 39 Imports from Malaysia Rank in Value Share market 0.Of a thickness less than 12 mm but not less than 10 mm Plywood .with at least one outer ply of non-coniferous wood .000) Top 3 countries in share 1st China Malaysia 2nd U.With at least one outer ply of tropical wood .8 27.893 25.000.E.with at least one outer ply of non-coniferous wood . Total imports 24.A.With at least one outer ply of tropical wood .With at least one outer ply of tropical wood .With at least one outer ply of tropical wood . China Indonesia 3rd Malaysia China Kuwait U. Indonesia 3rd Indonesia China 4412312000 3 2 83. Saudi Arabia U.Of a thickness less than 6 mm but not less than 4 mm Plywood . Petroleum oils and oils Petroleum oils and oils.1% 87.Of a thickness less than 6 mm but not less than 4 mm Plywood . other apparatus for the transmission or reception Plywood.Of a thickness not less than 15 mm Plywood . waste oils.A.A.Table 30 Top 10 Korean Imports from Malaysia and Their Import Market Shares Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2711 8542 2709 2710 8517 4412 1511 8541 4001 8001 Commodity Petroleum gases and hydrocarbons. Unwrought tin.E.4 28.1% 1.With at least one outer ply of tropical wood . Taiwan Malaysia Thailand China Indonesia Indonesia Source: Korea International Trade Association (KITA). Electronic integrated circuits.9% 5.Of a thickness less than 15 mm but not less than 12 mm Plywood .Of a thickness less than 10 mm but not less than 6 mm Plywood . transistors and similar semiconductor devices.9 6 0.Of a thickness less than 10 mm but not less than 6 mm Plywood .S.S.8% 1 Malaysia Indonesia India 4412313000 54 46 85.With at least one outer ply of tropical wood .7% 2 Indonesia Malaysia China 4412324000 36 2 4.2 mm Plywood .000.S.2 mm Plywood .778 1. Natural rubber and similar natural gums. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market Table 31 Detailed Status of Key Korean Imports from Malaysia HS Code 4412102000 4412311000 Commodity Floorboard of bamboo Plywood .218 544 225 3.002 34 0.Of a thickness less than 3.2 mm Plywood .456 1.855 17.0% 43.241 604 313 237 210 159 154 154 13.4% 46.3% 4.A.A.5% 1 Malaysia Indonesia China 4412314000 108 37 34.4% 1 Malaysia China Indonesia 4412 4412316000 31 10 31.Of a thickness less than 4 mm but not less than 3.6% 93.Of a thickness less than 3.With at least one outer ply of tropical wood .3% 2 Indonesia Malaysia China 4412315000 105 76 72.2% 15.7% 2 1 China Malaysia Malaysia Indonesia 4412321000 China Germany 4412323000 1 0. Palm oil and its fractions. veneered panels and similar laminated wood.4% 1 Malaysia China Myanmar 29 . Diodes.3% 4 Finland Latvia Russia 4412325000 6 3 53.5% 6. Telephone.with at least one outer ply of non-coniferous wood .with at least one outer ply of non-coniferous wood .5% 3 6 11 8 4 1 1 6 3 1 (Unit: $ 1.320 1.000) Top 3 countries in share 1st Qatar Singapore 2nd Oman Taiwan U.0% 4 1 (Unit: $ 1.4% 3. Japan Indonesia Saudi Arabia India China Malaysia Malaysia Japan Thailand Malaysia U.003 331 Imports from Malaysia Value Share Rank in market 3.

Of a whole thickness not less than 6 mm.9% 11.Of a thickness less than 15 mm but not less than 12 mm Plywood .Of a whole thickness not less than 6 mm.3% 90.2% 0.S.with at least one outer ply of non-coniferous wood .5 14 1 0.0% 52.Other .1 1.Of a thickness less than 6 mm Plywood .01 0.Other Plywood .8% 8 Finland Latvia Russia 4412391010 1 1 0. Brazil Singapore Thailand Colombia Netherlands 1511 1511902000 1511909000 8001100000 Indonesia Indonesia Philippines Colombia Thailand 8001 8001200000 Japan Source: Korea International Trade Association (KITA).5% 2 1 1 1 1 1 5 China Malaysia Malaysia Malaysia Malaysia Malaysia Germany Malaysia Netherlands 1511100000 1511901000 U.8% 17.Of a whole thickness not less than 6 mm.4 4 18 13 16 1 0.4 39 45 126 154 0. with each ply not exceeding 6 mm thickness Plywood .1% 32.1% 7 Top 3 countries in share 1st Finland 2nd Latvia 3rd China 4412327000 14 0.Other .with at least one outer ply of non-coniferous wood .Other .Of a thickness less than 6 mm Plywood .9% 99. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 30 .With both outer ply of coniferous wood .Of a thickness not less than 15 mm Plywood .01 2 43.Other .1 0.2 0. not alloyed Tin alloys Total imports 19 Imports from Malaysia Rank in Value Share market 0.With at least one ply of tropical wood . with each ply not exceeding 6 mm thickness Other Veneered panels and similar laminated wood .3 1 10 5 92.3% 1 3 2 Malaysia Indonesia China Malaysia 4412999199 Japan China China Malaysia 4412999211 Indonesia 4412999291 1 0.5 0.Other Other Veneered panels and similar laminated wood Floorboard Of a whole thickness not less than 6 mm.3% 63.Other .02 0. with each ply not exceeding 6 mm thickness Crude oil Palm olein Palm stearin Other palm oil and its fractions Tin.With both outer ply of coniferous wood .6% 73.2% 1 1 1 2 3 1 2 Malaysia China Finland China Malaysia Russia Chile Germany Germany Malaysia 4412391090 4412399010 4412399090 4412941000 4412942000 Malaysia Malaysia China Indonesia China Indonesia Malaysia China China 4412992010 Indonesia Malaysia 4412999191 2 0.HS Code 4412326000 Commodity Plywood . with each ply not exceeding 6 mm thickness Plywood .9% 6.Other Blockboard Laminboard Other .1% 48.8% 53.A.2% 99.1% 7.8 39 45 140 319 12 0.

(1) Foreign direct investment (FDI) status The main investors in Myanmar include Thailand. The agriculture and fisheries industry assumes a significant portion of Myanmar's GDP and plays an important role in earning foreign currency. Value Thailand U. including shrimps.0 0% 0% 86.7 Share 99.0 0 985. Myanmar announced a plan to develop special economic zones to attract foreign investment. Principal export products are crustaceans.065. and various kinds of fish. Korea's investment remained at quite low levels.9% 0% 100% 16.034.000. Concrete execution of the plan has been under way since late 2007. Thailand topped the list of investors in 2005 with its investment of $6.7 Source: KOTRA (Korea Trade-Investment Promotion Agency) Note: based on fiscal year (Apr.5% 0% 0% 0% 100% Value 2006 Share 0 240.Mar. the resources development sector is leading the nation's economy along with the traditional industries of agriculture.0% 37. China and the United Kingdom.0 172.31) 31 . China was also the largest investor in 2006 when it invested $281 million in Myanmar.0 752. Table 32 FDI Status in Myanmar (Unit: 1.1 . As of 2008. fishery and forestry.9% 100% Value 2008 Share 0 0 856.4 0 0.2 0 0 12.6 Myanmar 1.034 million.4% 4. General status Primary industries like agriculture.7 0 6.4% 0% 0% 6. which prompted predictions that foreign investment will gradually increase.7 0% 32.9% 100% Value 2007 Share 9.000) 2005 Class. China Korea Total 6.7 281. In November 2006. China was the largest investor with its FDI capital of $856 million.2 37. mining and forestry constitute the backbone of Myanmar's economy. With brisk offshore gas mine development in recent years.K. reaching $37 million in 2006 and $12 million in 2007.

2% 7.6% of the total Myanmar exports.4% -146.569 million in 2005 to $6. however. In 2007. Myanmar needs to develop strategic products targeting Korea.000. In 2008.8% Value 2006 % change 18. Figure 11 Myanmar's Export and Import Trends (Unit: 1.5% -243.4% 3.9% 6.1%.706 million in 2005 to $6.995 -430 Source: Korea International Trade Association (KITA) (1) Export status 1) Export status by country Thailand was the top destination for Myanmar exports in 2008.566 6.2. Myanmar's exports to Thailand amounted to $3. 32 . registering an average annual growth rate of 23.4% Value 4.566 million in 2008.706 3. The imports jumped 25.520 -766 2008 % change 38. recording an annual increase of 21% on average. Trade trends Myanmar's annual trade expanded from $7.275 million in 2005 to $13. Korea was in the sixth place with $106 million.7% 43. or 1. Second ranked was India with $833 million or 12.5% of the total Myanmar exports. China and Japan.5% 43.382 3.995 million in 2008. which accounted for 51. followed by India.447 million.8% 289. the surplus turned into a deficit due to a substantial increase in imports. A detailed review of Myanmar's trade status shows that the country's exports rose from $3.561 million in 2008.1% a year on average from $3. Export Import Balance 2005 Value 3.8% Value 4.848 534 2007 % change 8.1% 26.000) Class. The country's trade volume is predicted to continue to grow for years to come.8% of the country's total exports. Myanmar recorded trade surplus for two years in a row in 2005 and 2006.569 137 % change 17.754 5.

accounting for 34.435 288.1% 1.4% 2.77 million. shelled Wood in the rough Crustaceans Wood (sawn/chipped lengthwise) Refined copper and copper alloys Men's suits. or 13.892. followed by dried vegetables and wood in the rough. dried vegetables.720 38.6% 5. Petroleum gases were ranked first in value terms for three consecutive years from 2004.2% 1.857 68.000) Rank HS Code 2711 0713 4403 0306 4407 7403 6203 2709 6205 7103 Commodity Petroleum gases Dried vegetables.794 2008 Value 3.625 2005 1.8% 1.050 102.437 838.363 145. jackets.9% 15.498 609.855.0% 5.061 2006 2.3% 1.1% 5.5% 1.801 561.6% 1.136 653 230 226 114 88 115 63 24 59 4.508 80.511 40.124.652 2008 Korea's import 24.991 2.0% 2. or 12.447 833 586 288 162 106 91 80 76 69 6.4% 1. wood in the rough and various garments.2% 0.6% 1.702 87.1% 100% Share 47.2% 6.558 150.124 70.2% 7.351 3. Exports of petroleum gases were worth $2. trousers & shorts Crude petroleum oils Men's shirts Precious & semi-precious stone.169 62.8% 12.922 1 2 3 4 5 6 7 8 9 10 Source: International Trade Centre (ITC) 33 .3% 1.000.Table 33 Myanmar's Top 10 Export Destinations (Unit: 1.918 57.829 456.994 97.493 139.5% 2.1% of the total export amount.835 486.8% 12.5% 8.408 105.4% 0.706 2006 Value 2.336 143.7% 5.8% 2.079.650 Share 43.479 2007 Value 2.6% 1.560 594.0% 100% Total Source: Korea International Trade Association (KITA) 2) Export status by item Myanmar's major export items include petroleum gases. They were followed by wood in the rough in third with $544.6% 1.3% 2. not strung 2004 1.0% 3.018.6% 2.713 238.7% 0.018.221 335.6% of total exports.105 730 337 269 127 73 110 56 27 69 4.4% of total exports.4% 100% Share 51. Table 34 Myanmar's Top 10 Exports (Unit: 1.438 66.560 27.556 80.56 million.493.773 544.7% 14.883 60.630 58.700 85.4% 1.5% 2.55 million.0% 2.921 97.623 451 249 185 122 51 102 99 29 42 3.8% 4. Ranked second were dried vegetables whose exports amounted to $594.419 140.3% 100% Share 43.000) Rank 1 2 3 4 5 6 7 8 9 10 Country Thailand India China Japan Malaysia Korea Germany Singapore Bangladesh Vietnam 2005 Value 1.

31 million in 2006 to $243. 34 .81 million in 2008.254 127.689 211. Imports from Myanmar rose 9.292 243.5% 44. Figure 12 Trends in Korea's Trade with Myanmar (Unit: 1. and intermediate materials.74 million in 2006 to $360.000) 2006 Class.06 million in 2008. machinery. Korea maintained its trade surplus.1 million in 2008.561 Source: Korea International Trade Association (KITA) (1) Korean exports to Myanmar Principal Korean exports to Myanmar are mostly steel products.6% 291.3% 749.7% -16.1% -39. Korea's exports to Myanmar rose from $121.51 million in 2008.25 million during the same period.5% from $217.43 million to $116.8% on average. Flat-rolled products of iron or non-alloy steel (cold rolled) registered the fast growth rate as their exports amounted to $7. Myanmar-Korea trade Trade between Korea and Myanmar rose by annual average of 28.981 80. registering annual growth of 41.3.311 96.815 116.3% Value 2008 % change -16. which were ranked first with the export amount of $44.433 24. but the margin declined sharply due to considerable growth in imports in 2008.877 % change Value 2007 % change 140. Noteworthy are semi-finished products of iron or non-alloy steel. Value Export Import Balance 121.8% a year on average from $96.

in primary forms Leather further prepared after tanning or crusting Other plates. graders.0% 14. forest and marine products registered negative growth in both categories. The above-mentioned three sectors account for more than 92% of total imports.563 8.305.845 11. clad.6% Value 2008 % change 10. badges and similar articles of textile materials Flat-rolled products of iron or non-alloy steel.7% of total imports.4% 35. of a width of 600 or more(cold rolled) 2007 Value 21.904 7.0% 29. while textile & apparel as well as agriculture.053 7.884 10.845 7. This situation prompts the need for Myanmar to diversify export items targeting the Korean market.7% 72.117 9. of a width of 600 or more. which accounted for 26. Future developments involving these sectors merit attention. of plastics Labels. plated or coated Woven fabrics of synthetic filament yarn Flat-rolled products of iron or non-alloy steel.9% of total imports.946 7.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 7207 8429 7214 3902 4107 3921 5807 7210 5407 7209 Commodity Semi-finished products of iron or non-alloy steel Self-propelled bulldozers.107 Source: Korea International Trade Association (KITA) (2) Korean imports from Myanmar 1) Import status by industry Minerals made up the largest import sector in 2008.477 7. foil and strip.2% and 14. sheets. angle dozers.2% 256.8% -1.9% 1.1% 42.7% -58.9% -49.189 7.638 5. 35 . Ranked second and third were the textile & apparel sector and the agriculture.7% -1. levellers Other bars and rods of iron or non-alloy steel Polymers of propylene or of other olefins.Table 35 Korea's Top 10 Exports to Myanmar (Unit: 1. respectively.91 million or 56.1% 35.7% 44. forest and marine products sector. Minerals marked substantial growth in their import market share and import volume.515 23.8% -5.518 13.345 3.338 7. with their imports reaching $65. film.639 506 % change 87.0% 24.

627 1.5% 0. Vietnam Brazil Source: Korea International Trade Association (KITA) Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 36 .1 48. Also worthy of note are swimwear.856 6.1 0. which held the third highest share in the Korean import market.2 14.E. Despite being the leading import items.Table 36 Industrial Trends in Korea's Imports from Myanmar (Unit: 1. shelled Plywood.435 2.S. cloaks Dried leguminous vegetables.398 5.150.126 30.868 609. the imports of which amounted to $65. car-coats.9 1.2 0.3 0. Marine Products Living ware Articles of Iron or Steel.8% 2.2 27.319 4.000.2 -18.6 58.7% 0.1 -16.6% 0.2 44. and track and ski suits.226. Table 37 Top 10 Korean Imports from Myanmar and Their Import Market Shares (Unit: 1.0 -16. Electronic Articles 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) Value 26.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2709 6211 6204 6203 6202 6201 0713 4412 0306 1005 Commodity Petroleum oils and oils Track suits. ensembles.A.0 -0.100 44 211 91 140 154 80.817 159.A. holding the second highest market share among the foreign imports.553 3.3 0.492 17.85 million in 2008.7% 0.918 30.7 26. ensembles.08% of the Korean import market.5 65.04% 21 3 8 6 4 4 2 10 16 8 Top 3 countries in share 1st Saudi Arabia China China China China China China Malaysia 2nd U.4 37.A.1 -86.366 506 309 194 134 20 3 116.689 2007 % change -48. %) Rank Industrial sector Mineral Product Textile & Apparel Agricultural.08% 2.531 27.5% 0.0 -54. jackets.3 0.1 1.1 Share 56. Forest. car-coats. In contrast.2 0. Vietnam Vietnam Vietnam Canada Indonesia China Russia India China U.424 21. Vietnam Italy Italy Italy Italy Myanmar 3rd Kuwait Myanmar U.254 2008 % change 152.0 100 2) Import status by item Ranked first among the Korean imports from Myanmar were petroleum gases and oils obtained from bituminous minerals.221 1.4 16.0 603.1 0.311 5.312 1.5% of the Korean import market.2 100 Value 65.437 544. capes.4 0.2 -15. dried leguminous vegetables accounted for 16.1 -98.7 26. blazers Women's or girls' overcoats. jackets.4 0.742 4. Metals Miscellaneous Articles/Sundries Machinery Articles of Plastic Rubber or Leather Chemical Industry Manufactures Electrical Articles. ski suits and swimwear Women's or girls' suits.486 5.294 2. capes.3 1.964 Imports from Myanmar Rank in Value Share market 65.819.3 Share 32.3 -32.9% 16.175 456.932 773.6 -3.855.490.0% 2.182 0.S.2 -8.177 1. cloaks Men's or boys' overcoats.5 1.2 0.363 230.0 0.700 258.1 0. veneered panels and similar laminated wood Crustaceans Maize (corn) Total imports 85. blazers Men's or boys' suits. these products accounted for just 0.

Table 38 Detailed Status of Key Korean Imports from Myanmar (Unit: 1.1% 36.8% 5.390 3 16.8% 93.839 2.000) HS Code 0713200000 0713339000 0713 0713390000 0713900000 Commodity Chickpeas (garbanzos) Other Kidney beans Other Beans (Dried) Other Total imports 62 5.549 52 Imports from Myanmar Rank in Value Share market 10 2.8% 3 1 1 3 Top 3 countries in share 1st India Myanmar Myanmar China 2nd Australia Canada Uzbek India 3rd Myanmar China Thailand Myanmar Source: Korea International Trade Association (KITA) Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 37 .149 2.

whereas manufacturing and construction sectors constitute 29.8% of the total amount of FDI the country attracted in that year. In an effort to strengthen ties with its neighbors.0%) 540 (3. General status With a population of more than 90 million.5% a year from $667 million in 2003 to $3.1% 10.6% 28.9% 667 2004 Value (% change) 64 (357. In addition.1%) 292 (-45.8% 23. accounting for 44. With the aim of developing its rich mineral and other natural resources. the Philippine government has announced a plan to invest in infrastructure.A. and rich in natural and marine resources.7% 0.2%) 393 (-27. (1) Foreign direct investment (FDI) status Foreign direct investment in the Philippines expanded by an average of 69.7%) 749 (156.000.7% 26. the Philippines show a multi-faceted economic structure. In a related move.879 2006 Value (% change) 1065 (401.1%) 352 (9144. the Philippines is exerting efforts to ensure regional security and promote trade. the Philippines have joined the regional cooperative body of ASEAN. while actively participating in activities of a number of international organizations and forums like APEC.410 2005 Value (% change) 212 (232.253 million in 2006. Japan China Total Value (% change) 14 (-) 205 (-) 173 (-) 6 (-) Share 2.9%) 2 (-59.3% 0.0% 0.6% 15. In 2006.3%) Share 32. Korea emerged as the largest investor in the Philippines with an FDI capital of $1.1% 30.S.253 Source: National Statistical Coordination Board (Philippines) 38 .065 million. With this as a pillar in its diplomacy.5%) 4 (54.4%) Share 1. which accounted for 32.7% of its GDP.1% 3.8% 3. Korea U. thus helping to form a favorable environment for future economic growth.2% 1.7 Philippines 1.9% 15. the Philippines is actively trying to attract foreign investment.9%) 532 (159. exports by foreign-invested multinational corporations are also showing an upward trend.0%) Share 11. The service sector makes up a significant portion of the national economy.9%) 521 (200.6%. ASEM and the United Nations.3% 15.000) 2003 Class.0% 12. Manufacturing exports of the Philippines are increasing significantly as a result of its implementation of the EPZs (Export Processing Zone) system with attendant tax and customs benefits for companies setting up in the zones. Table 39 FDI Status in the Philippines (Unit: 1.

572 76.523 million worth of Philippine products. which represented 5.9% 7. A detailed review shows that the country's exports went up from $41.9% 38.337 % change 3.2% Source: Korea International Trade Association (KITA) (1) Export status 1) Export status by country As of 2008.0% 8.7% -26.031 2008 Value 64.644 million to $141.1%.483 55. which accounted for 16. or 15.909 -12.6% % change 27. Korea is being firmly established as one of the top 10 export destinations of the Philippines.5% -145.572 million in 2008. the United States was the largest destination for Philippine exports.224 47. Figure 13 Philippines's Export and Import Trends (Unit: 1. with transactions of $8. and China with $5.514 -5.707 million.3% % change 14. rising from $88.420 -6.420 million to $76. or 11. the Philippines' foreign trade has been increasing significantly in recent years. recording 16.7%.991 51. Korea in 2008 imported $2. The United States was followed by Japan with $7. Export Import Balance 2005 Value 41.1% annual growth on average.2.6% % change 7. With its exports and imports both on the rise. Assuming over 3% share every year. Trade trends The Philippines' overseas trade recorded high annual growth of 16.000) Class.7% 42.7% 10. The imports rose by an average of 17. 39 .196 2006 Value 46. Ranked seventh.548 2007 Value 50.481 million.469 million.78% of the total exports of the Philippines.9% during the 2005-2008 period.000.909 million during the same period.1% of the total Philippine exports.539 -4.5% from $47.216 million.4% 7.224 million in 2005 to $64.

457 million in 2005 to $1.000.017 2005 8.958 1. Japan China Hong Kong Netherlands Singapore Korea Germany Malaysia Thailand 2005 Value Share 7.070 3.3% 16.304 5.708 2.682.666.523 2. the diodes and transistors sector recorded highest annual growth of 186.600.391 1.509 49.750 585.987 3.408.345 361.157 3.124.8% 7.881. switch) not exceeding 1000 volt Source: International Trade Centre (ITC) 40 .7% 11.7% 15.908 1.5% 4.655 3.278. was down by a large margin from $12.240 4.232.523 million in 2008.775 2. the exports of which were worth $7.S.0% 2.1% 5.936 2. optical reader Parts & accessories of computers & office machines Parts & accessories of motor vehicles Electric sound/visual signaling appliance (e.036.4% 11.0% 2.299 1.225 1 2 3 4 5 6 7 8 9 10 2.861.325 1.188 Electrical appliance for switching (ex fuse.958 million in 2008.925 383.0% 3.750 5.826 1.1% 7.5% 9.1% 7.705.080.370.3% 5.8% 100% 2007 Value Share 8. In contrast.1% 100% 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) 2) Export status by item Top ranked among the leading exports of the Philippines in 2006 were electronic integrated circuits and micro assemblies. whose exports amounted to $9.0% 4.8% 100% 2008 Value Share 8.676 4.784 2.203 4.741 4.429 7.036.493 1.229 4.032 2.014 1. fire alarms) Refined copper and copper alloys. however.433 412.991 18.475 1.966 million recorded in 2004.0% 14.601 7.339 4. Of the principal exports.Korea recorded the most conspicuous increase in its imports from the Philippines which soared 22.616 1.778.507 1.186 6.077 3.3% 5.0% 17.A.355.469 4. Table 40 Philippines's Top 10 Export Destinations (Unit: 1.752 4.333 1.002 1.4% 3.131 2. Table 41 Philippines's Top 10 Exports (Unit: 1.9% of total exports.457 1.966 472.706 1.077 3.753 3.149 2.403 50. accounting for 19.607 2.936.483 17.804 4.8% 5.552 890.966. bell/siren.408 1.0% 3.750 814.058.322.449 1.400. not crude Insulated wire/cable 2004 12.5% 9.325 46.5% 11.8% 10.6% 2.1% 10.65 million. or 16.239 539.3% 3.139 1.6% 3.650 7.918.464 3.000) Rank HS Code 8542 8541 8471 8473 8708 8531 7403 2710 8544 8536 Commodity Electronic integrated circuits and micro assemblies Diodes/transistors&sim semiconductor devices Automatic data processing machines.8% 100% 2006 Value Share 8. In the second place were diodes and transistors.172.6% on average from 2004 to 2006. unwrought Petroleum oils.391 million in 2005 to $2.000) Rank Country U.251.080.241 2008 Korea's import 25.1% 9.169 41.608 7.498 17.9% 8.0% a year on average from $1.148 16.936.041 2006 9. The amount.2% 6.24 million.296.560 3.971.150 3.296 905.440 1.238.224 18.671 918.2% 3.5% 8.g. Philippine exports to the Malaysia dwindled sharply from $2.2% of the nation's total exports.216 7.5% 5.3% 6.488 3.345.630.8% 6.617 3.346 2.707 5.428 756.

187 1.5% 27.016 3.7% a year on average from $3. the export volume of which reached $889.6% Value 4. Exports of telephone sets in 2007 reached $185. In the second spot were petroleum oils and oils obtained from bituminous minerals. The 2008 figure represented 27.37 million. with exports registering higher growth rates than imports. Figure 14 Trends in Korea's Trade with Philippines (Unit: 1.3% 5.931 2. Korea maintained a surplus in its trade with the Philippines.4% 11. These products merit attention with regard to their potential for export growth. flat-rolled iron products. exports rose 122.982 2008 % change 13. with their exports standing at $1.099 1.931 million to $5.917 Source: Korea International Trade Association (KITA) (1) Korean exports to the Philippines Electronic integrated circuits were the leading sector of Korean exports to the Philippines in 2008. motor cars designed for the transport of persons. registering average annual growth of 115.000) Class.118 million in 2006 to $8.545.1% growth compared with the previous year.7% from 2006.3.744 % change Value 2007 % change 12.1% -3.420 2. recording a phenomenal increase of 13.115 million in 2008. Export Import Balance 2006 Value 3.203.78 million. During the same period. However. and printed circuits.438 1.187 million in 2006 to $3. Philippines-Korea trade Trade between Korea and the Philippines jumped from $6.2%. 41 .099 million in 2008. Other top 10 Korean exports included telephone sets. Imports from the Philippines expanded by annual average of 119% from $2.82 million.016 million. the surplus margin dwindled due to a great jump in imports.5% 13.

clad.763 145.5 9. Table 43 Industrial Trends in Korea's Imports from Philippines (Unit: 1. %) Rank Industrial sector Electrical Articles. variable or adjustable Structures Printed circuits 2007 Value % change Value 2008 % change 1 2 3 4 5 6 7 8 9 10 8542 2710 8517 7208 7408 8703 7210 8532 7308 8534 1.4 0.826 38.1% 13. Metals Agricultural. fixed.946 120.2 27.812 74.9 17.4 57.922 185.2% 30.2 11. Forest.000.2 0.6% in terms of share in total imports. their share in total imports increased from 15.084 70.2 140.5 Share 62.0 26.6 2.3 0.443 96. this sector represented a decrease of about $8 million in value terms.1 1.Table 42 Korea's Top 10 Exports to Philippines (Unit: 1.409 2.9 69. compared with 2007.0 1.6 15.6% -22.203.177.2 0.8 13.918 64.9 41.6 4.1 Share 49.099 2008 % change -0.518 830 429 165 72 34 30 14 6 1 3. of a width of 600 or more.6 -3.2 62.518 million. which accounted for 49% of total imports. imports of second-ranked steel and metal products soared from $384 million in 2007 to $830 million in 2008.1 1.6% 273.6% 20.0% 43.066 110.422 71.3% 47. However.1% 0. plated Electrical capacitors.3 46.2% 53. In contrast.103 48.526 384 366 39 51 24 29 11 7 1 2.9 6 -2.3% 3.9% 63.000) Rank HS Code Commodity Electronic integrated circuits Petroleum oils and oils obtained from bituminous minerals Telephone sets Flat-rolled products of iron or non-alloy steel Copper wire Motor cars and vehicles principally designed for the transport of persons Flat-rolled products of iron or non-alloy steel. Marine products Mineral Product Chemical Industry Manufactures Machinery Textile & Apparel Articles of Plastic Rubber or Leather Living ware Miscellaneous Articles/Sundries 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) Value 1.0 100 42 .785 889.0 0.9 6. Electronic Articles Articles of Iron or Steel.5 115.3% 30.307 121.0 1.818 62.666 79.000.1 100 Value 1.3 1.9 5.6% -1.377 145. Consequently.0% -21.7% 251.438 2007 % change 7.3 23.1% Source: Korea International Trade Association (KITA) (2) Korean imports from the Philippines 1) Import status by industry Electrical and electronic articles constituted the leading sector of goods imported from the Philippines in 2008.4% 191.7 -23.8 15.217 683.3 320.372 111.5 0.468 -14.5% 13.1% 1. and 13.545.3 2.8%.8% to 26.4 18.1% 389. Their imports were worth $1.

69 million in 2008. Philippines 2nd Taiwan Philippines Mexico China 3rd China Japan Ecuador Taiwan 5 6 7 8 9 10 2709 8473 7204 2306 7404 2403 85. Other top 10 import items include diodes and transistors.04 million.881.4% 1.855. The former accounted for 3.541 63. In 2008.977 58.562.300 3.A. Table 44 Top 10 Korean Imports from Philippines and Their Import Market Shares (Unit: 1. India U.6%.5% 75.2) Import status by item Electronic integrated circuits ranked first among the goods imported from the Philippines.124.070 Imports from Philippines Rank in Value Share market 903.S. respectively.363 2.2% 99.043 153. ferrous waste and scrap.5% 20.S.906 1.62 million. In terms of import market shares.726 76.498 154. They were followed by refined copper and copper alloys whose imports amounted to $630. however. and oil cakes.778.627 0. bananas accounted for 99. U.050 411.225 3.7% 15. Although small in their import volume.A. Japan Indonesia South Africa Malaysia Kuwait Taiwan Russia Philippines U. being ranked 7th.2% share to be ranked second.032 79.554 85.8% 2.000) Rank 1 2 3 4 HS Code 8542 7403 0803 8541 Commodity Electronic integrated circuits Refined copper and copper alloys.692 630. banana and tobacco imports had a total $153. crude Parts and accessories Ferrous waste and scrap. and tobacco held an impressive share of 75. these principal items mostly belonged to the top 10 in terms of their respective Korean import market shares.345.A. fresh or dried Diodes.033 3. transistors and similar semiconductor devices Petroleum oils and oils obtained from bituminous minerals.4% 7 2 1 7 Top 3 countries in share 1st Singapore Chile Philippines Japan Saudi Arabia China U.427.6% 20 5 6 3 7 1 U.E.493 77.S. with their import volume reaching $903.1% 3. Japan Source: Korea International Trade Association (KITA) Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 43 . Except for petroleum oils and oils obtained from bituminous minerals. electronic integrated circuits were placed behind refined copper and copper alloys.8% of the Korean import market. including plantains. remelting scrap ingots of iron or steel Oil-cake and other solid residues Copper waste and scrap Tobacco and substitutes Total imports 25.157 4. unwrought Bananas.A.5% of the Korean import market.420 64.76 million and $58.763 91. while the latter held a 20.K.7% 4.

541 Top 3 countries in share 1st Philippines Philippines Chile Philippines Share 99.3% 62.763 58. fresh or dried Other Pipe tobacco Cathodes and sections of cathodes Of coconut or copra Source: Korea International Trade Association (KITA) Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 44 . including plantains.8% 95.043 64.3% 23.627 630.Table 45 Detailed Status of Key Korean Imports from the Philippines (Unit: 1.279 103.033 61.000) HS Code Commodity Total imports 154.494 2.708.4% Rank in market 1 1 2 1 2nd Mexico Germany Philippines Indonesia 3rd Ecuador India Zambia China 0803 2403 7403 2306 0803000000 2403109000 7403110000 2306500000 Bananas.429 Imports from Philippines Value 153.

and computer parts. nearly all the products are traded without tariffs.030 (35.4%) 762 (47.059 (10. which are subject to special consumption taxes.K. Table 46 FDI Status in Singapore (Unit: $ 1.961 15.3%) 15.3% 100% 29. Under its free trade policy.3%) 15. Korea's investment amounted to $1. 45 . Singapore also functions as an 'intermediary trade' center.530 (14. Singapore is playing a role as a production and circulation base for world-class multinational companies.518 (12.8%) 518 (-47.1%) 30. By nation.1% during the 2003-2006 period.3%) 1.2%) 225.800 (10.255 (-1. “Foreign Equity Investment in Singapore.030 million.5% 100% Source: Department of Statistics.1% 15. Its main trade items are electronics components.3% 0.8% 0. Trade with Korea is also centered on these products.9% 0. with its FDI capital of $34.530 million.0% 0.A.000) 2003 Class. including semiconductors.000. Korea Total 22. climbing from $147. according to IMF statistics. 2006”.4% 15.5% of the total.8%) 15. Trade trends As of 2008.0%) 27.2% 13. (1) Foreign direct investment (FDI) status Foreign direct investment in Singapore steadily increased by annual average of 15.312 million. Singapore was the world's 16th largest trading nation.4% 100% 34.8%) 27. Value (% change) Share 2004 Value (% change) Share 2005 Value (% change) Share 2006 Value Share (% change) U. Between Korea and Singapore. automobiles and oil products.636 (24.6%) 174.S.397 22. the United Kingdom topped the list of foreign investors in 2006.885 (20. 2008 2. cigarettes.312 (15. re-exporting about 40% of its imports.7% 100% 26. except for four major categories of alcoholic beverages.961 million to $225. Yearbook of Statistics. General status As the biggest market in Southeast Asia.2% 13.1%) 196. U.8 Singapore 1. accounting for 0.997 (18. all the products are traded free of tariffs because of the bilateral Free Trade Agreement that went into effect in March 2006.151 989 147.

431 8.053 5.5% 200.2% 319.291 million worth of goods. Hong Kong (with $35.9% 29.5% 339.335 28.635 -46. The imports climbed by an average of 16.4% 9. Singaporean exports to Malaysia in 2008 increased 5.2% 2.708 15.S. Table 47 Singapore's Top 10 Export Destinations (Unit: $ 1.3% 100% 1 2 3 4 5 6 7 8 9 10 Total 2008 Value Share 40.622 14.9% from the previous year to $40.1% 3.747 10.1% 5.000) Class.000 299.196 7.9% from $200.871 10.511 12.549 Share 13.6% of the total Singaporean exports.291 3.2% 24.514 27.710 4.A.7% 4.0% 9.6% 9.5% 2.2% 33.962 3. which represented 12.186 11. Export Import Balance 2005 Value % change 229.538 8.000) Rank Country Malaysia Indonesia Hong kong China U.3% 2007 Value % change 299.7% 4.5% 3.855 10.643 14.6% 100% 2006 Value 35.6% 11.1% 3.799 19.414 million in 2008.897 229.1% 10.9% 9.333 10.901 27.673 272.571 26.927 26.5% 3.098 10. Malaysia was followed by Indonesia (with $35.880 12.1% 9.1% 13.Singapore's exports grew by 13.8% 100% 2007 Value 38.708 million in 2005 to $339.7% 4.6% 10.2% 2008 Value % change 339.9% 13.389 11.8% 10.000.2% 3.7% 238.467 31.511 million in 2005 to $36.3% to $19.1% 35. the United States and Japan.536 8.549 18.1% of Singapore's total exports.109 21.779 million. Figure 15 Singapore's Export and Import Trends (Unit: $ 1. Singapore's trade surplus went up sharply from $29.9% a year on average.570 19.405 22. Japan Australia Thailand Korea India 2005 Value 30. Korea in 2008 imported $12.313 8.4% 8.414 100% Source: Korea International Trade Association (KITA) 46 .9% 12.752 23.6% 8.0% 263.750 14. One of the major destinations for Singaporean exports.390 10.098 million).125 9.000.609 10. However.7% 10.197 million to $319.8% 3.191 12.708 Share 13.537 24. absorbing 3.635 million in 2008.9% 4.779 21.3% 31.6% 2006 Value % change 272. China.4% 5.414 13.1% 16.736 7.876 4.626 29. rising from $229.3% 36.538 million in 2007.193 3.2% 9.197 15.5% 35.3% Source: Korea International Trade Association (KITA) (1) Export status by country Singapore's top export destination is Malaysia.912 12.912 million.5% 3. it shrank by 46.429 9.4% 19.747 million).871 Share 12.

897 million in 2005 to $11.788 6.778 1.884 15. as their exports went up from a meager $143 million in 2006 to $20.334 3. India most rapidly increased its share. In value terms. including current line system Automatic data processing machines Diodes/transistors & similar semiconductor devices Medicament mixtures.062 2008 Korea's import 25.725 million to $24.866 4. whose surplus increased by yearly average of 56% from $2. Table 48 Singapore's Top 10 Exports (Unit: $ 1.203 2007 62.747 million.258 9.801 1. Indonesia registered the largest growth margin.25 to 84. Trade between Korea and Singapore expanded by annual average of 24.223 33. Singapore-Korea trade In March 2009.818 2. the exports of which reached $39. put in dosage Prepared unrecorded media for sound record (tapes) Oxygen-function amino-compounds Machinery part (product group 84.931 2. with their export amount standing at $62. Of the top 10 items.638 million from 2005. Singapore was Korea's fifth largest export destination. The trade balance was in favor of Korea. rising from $12.Of the 10 major export destinations.931 million in 2008.000.631 3.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 8542 2710 8443 8517 8471 8541 3004 8523 2922 8431 Commodity Electronic integrated circuits and micro assemblies Petroleum oils.081 1.796 1.30) 2005 48.561 112 1. They were followed by petroleum oils.286 2.638 5.923 4.848 143 1. recording 26.089 million in 2004 to $7.776 39.802 12.992 6.559 4. up by $13. or 21% of total exports. (2) Export status by item Electronic integrated circuits made up the biggest export sector in 2006.572 26. accounting for 13.946 1.7% during the 2005-2008.697 million. Its imports from Singapore in 2008 were worth $35. printing machinery parts recorded the highest growth rate.655 million. 47 .776 million.837 4.6% growth a year on average. Its imports from Singapore jumped from $5.243 238 672 Source: International Trade Centre (ITC) 3. not crude Printing machinery Electric app for line telephone. and 13th largest source of imports.962 million in 2008.697 20.442 4.881 17.931 2006 61.258 million in 2006.218 3.106 3.960 9.3% of total exports.233 2.

or 27.949 6.489 5.9% 55.6% 694.000) Class.8% -6. or 25.8% 10.2% 36.6% 43.3% from 2007 to $3.0% 1.089 change 31.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2710 8901 8542 8517 8473 7108 8544 8419 7901 7208 Commodity Petroleum oil and oil products.201 3.289.3% of the total Korean exports to Singapore in 2008.8% Source: Korea International Trade Association (KITA) (1) Korean exports to Singapore Three sectors: petroleum oil and oil products.318 2.3% 3. other apparatus for the transmission or reception Parts and accessories suitable for typewriters and automatic data processing machines Gold. Telephone sets.201. and electronic integrated circuits accounted for 74. Vessels were ranked second with their export amount reaching $4. vessels.945 3. Export Import Balance 2005 Value % 7. optical fiber cables.7% 72.4% of the total export volume.3% 23.7% -12.362 7.0% 41.1% 4. 2007 Value % change 1.469 4. as their export amount decreased 12.931 change 36.3% -1. Electronic integrated circuits slipped from first to third. waste oils. Electronic integrated circuits.0% 19. Vessels.000.Figure 16 Trends in Korea's Trade with Singapore (Unit: $ 1.921 508 252 82 99 15 7 66 19.7% 42.9% -60.860 5.5% 2007 Value % 11.407 5. Machinery for the treatment of materials by a process involving a change of temperature Unwrought zinc.0% -4.299.1% 10.438 499 236 142 141 119 101 94 Source: Korea International Trade Association (KITA) 48 . Exports of petroleum oil amounted to $4.4% 21.2% 75.5% 315.9% 16.090 change 25.000.8% of the total.6% -45.887 3.7% 11.603 change 28.469 million.604 2. Flat-rolled products of iron or non-alloy steel. Table 49 Korea's Top 10 Exports to Singapore (Unit: $ 1.3% 2008 Value % 16. cable. Insulated wire.1% 2006 Value % 9.5% 41.7% Value 2008 % change 178.3% 73.438 million.293 8.

imports of mineral products showed the highest increase rate of 231.9 21. Marine Products Articles of Plastic Rubber or Leather Miscellaneous Articles/Sundries Textile & Apparel Living ware Total Source: Korea International Trade Association (KITA) 2008 Share 77.1 24.2 0.6 -6.4 9.6 0.7 0.2 27.330 801 166 322 99 47 44 23 18 9 6.3 -44.1 100 Value 6. 49 .7 2. recording highest growth in value terms.7 32.9 -7.9 7.053 million accounted for 19.6%. Imports of electrical and electronic articles jumped by $1. Noteworthy were epoxides and nitrogenized derivatives. or 76. %) 2007 Rank Industrial sector Value 1 2 3 4 5 6 7 8 9 10 Electrical Articles.423 million.8 10.7 11.7 1.1 100 % change 21. Forest.6 3.000. with their imports amounting to $6.5 0.6 -15.8% of total imports.0 231. Table 50 Industrial Trends in Korea's Imports from Singapore (Unit: $ 1.0 -15.3 0.5 5.3 15.4 4.423 833 550 302 124 50 41 20 13 5 8.2 0.9% Share 76.5 12.0 -43. Compared with 2007. the imports of which were small at $121 million but accounted for 59% of the Korean import market.5% of total imports in 2008.3 0. Metals Agricultural.6 0.860 2) Import status by item Top ranked among the import items were electronic integrated circuits whose import volume of $5.5 4.4 16.5 0.6 1.(2) Korean imports from Singapore 1) Import status by industry Electrical and electronic articles constituted the largest import sector in 2008. Ranked second were chemical industry manufactures whose imports reached $833 million.0 -5. Electronic Articles Chemical Industry Manufactures Mineral Product Machinery Articles of Iron or Steel.000.3 16.9 -27.093 million.362 % change 20.0 6.4 0.

1% 29.2% 0.S.A.A.A.3% 2.8% 9.000) HS Code 8542312000 8542313000 8542321010 8542321020 8542321030 8542321090 8542322000 8542323000 8542331000 Commodity Processors and controllers .6% 17.Multichip integrated circuits Other electronic integrated circuits Monolithic integrated circuits Other electronic integrated circuits Hybrid integrated circuits Other electronic integrated circuits Multichip integrated circuits Parts of Monolithic integrated circuits Lead frames Parts of Monolithic integrated circuits .1% 0.DRAM Memories .4% 81.S.5% 4.8% 26.6% 67.S. parts and accessories thereof. nitrosated derivatives etc. Taiwan U.A. Singapore Japan Japan Japan U.Monolithic integrated circuits .Hybrid integrated circuits Memories .S.Other Parts of Hybrid integrated circuits .6 4.6% 37.001% Top 3 countries in share 1st Austria Singapore 2nd U.Monolithic integrated circuits . Singapore Italy Singapore Netherlands 7.M ultichip integrated circuits Memories .S.K.3% Rank in market 1 9 3 6 4 1 3 4 2 8 2nd Taiwan Saudi Arabia Japan U. other apparatus for the transmission or reception.S.A. U. U.S.881 17. for mineral oils China China U.Hybrid integrated circuits Amplifiers .8% 22. Printing machinery. Parts and accessories suitable for automatic data processing machines Anti-knock preparations and other prepared additives. Singapore 3rd China U.2 1 0 1 121 0.619 2 541 0.Other Parts of Multichip integrated circuits . transistors and similar semiconductor devices.01 91 1 2 13. Singapore India Taiwan China China Singapore Telephone sets.A.000. Non-volatile storage devices and other media for the recording of sound Total imports 25.S.1% 0.S.4% 6.1 1.9% 4.S. U. U.A.3% 8.Other Memories .A.S.339 25 802 30 16 13 8 157 1 243 28 48 Imports from Singapore Rank in Value Share market 2 741 5 0. waste oils. Japan Japan U.6% 77.A.053 539 265 233 208 121 96 96 93 88 Top 3 countries in share 1st Singapore Share 19.A.081 2.S. Indonesia 3rd Japan Japan Taiwan China China Taiwan Singapore 4 1 7 9 4 8 3 4 1 5 2 1 5 1 8 3 7 3 1 6 1 8 5 China U.H ybrid integrated circuits P rocessors and controllers .1% 4.000.Monolithic integrated circuits Amplifiers .A.A. Germany Singapore U.2 0.Flash memory Memories .Other Methyloxirane (propylene oxide) Anti-knock preparations : Other Additives for lubricating oils : Containing petroleum oils or oils obtained from bituminous minerals Additives for lubricating oils : Other Other prepared additives Total imports 13 910 979 21 932 2.5 46 40 0.A.7% 37.Multichip integrated circuits Amplifiers .S.SRAM Memories .E.5% 5.638 2.S.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 8542 2710 8523 8517 8471 2910 8443 8473 3811 8541 Commodity Electronic integrated circuits. China Germany Taiwan U.A.5% 0.7% 59.A.A. Japan Ireland Netherlands Automatic data processing machines.S.790 3 954 152 3 0. Petroleum oils and oils. China Taiwan Source: Korea International Trade Association (KITA). Japan U.A. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market Table 52 Detailed Status of Key Korean Imports from Singapore (Unit: $ 1.S. Epoxides.1% 2910 2910200000 3811190000 3811210000 3811290000 3811900000 Germany Singapore Japan France France France 3811 U.631 205 1. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 50 .Monolithic integrated circuits .S.218 3.6% 4.4% 0.2% 11.0% 2.243 5. Taiwan Japan U.A.A.A. U.1 38 17 0.778 Imports from Singapore Value 5.345 321 3.Monolithic integrated circuits .5% 0. Malaysia Japan Singapore China Malaysia Hong kong Taiwan Philippines Philippines 8542 8542332000 8542333000 8542391000 8542392000 8542393000 8542901010 8542901090 8542902090 8542903090 U. Germany Source: Korea International Trade Association (KITA).S.S.Table 51 Top 10 Korean Imports from Singapore and Their Import Market Shares (Unit: $ 1.8% 4.0% 5. Japan Singapore Taiwan Germany Diodes. Taiwan Singapore Hong kong Singapore Taiwan China Taiwan China China U.5% 3. U.

down 32. of Projects 330 20 78 33 23 46 836 Value 4. the nation's main growth engine. thus contributing to expansion of the nation's trade and current account deficits.042 886 726 723 275 266 10.873 315 1. Since then. Thailand faced a financial crisis caused by its expanding trade deficit resulted from weakening competitiveness in exports as well as excessive introduction of foreign capital in the course of its financial market opening.9% from the previous year in value terms. General status Thailand achieved high economic growth of around 10% in the late 1980s. of Projects 353 28 62 35 18 24 751 Value 3.022 343 219 177 14.196 173 520 149 74 112 7.396 2007 No.061 Source: The Board of Investment of Thailand (BOI).000. monetary and exchange rate policies. financial crisis hit the world economy in 2008. Thailand has experienced from a slowdown in the manufacturing sector as well as declining export growth rates. The export sector. Korea's direct investment reached $266 million. has been dwindling since 2007.061 million in 838 projects. Table 53 FDI Status in Thailand (based on approvals) (Unit: $ 1.org 51 . Japan continued to maintain its status as the largest investor in Thailand. with an FDI capital of $3. (1) Foreign direct investment (FDI) status Foreign direct investment in Thailand in 2008 amounted to $10. thanks to the positive effect of its export-oriented policy gradually introduced in the 1970s as well as the favorable turn of the world economy and increased investments from Japan and the United States. the Thai economy began recovering its previous vitality.994 2008 No. the sixth largest in terms of value. private consumption and exports soared thanks to the effect of proper macroeconomic measures such as finance.globalwindow. But. In 1997. of Projects 324 27 67 46 21 56 838 Value 3.S. Beginning in the latter half of 2002. And. the nation's per capita GDP was almost restored to the pre-crisis level. After four years of economic doldrums. Since the U.042 million. www. however.000) Country Japan Netherlands Singapore Malaysia India Korea Total 2006 No.9 Thailand 1. the country had maintained stable growth of about 8% till the mid 1990s. Contraction in the import sector is being delayed.

114 173.5% 10.346 11.761 million in 2008. Figure 17 Thailand's Export and Import Trends (Unit: $ 1. 52 .871 million during the same period.556 130.8% a year from $118.605 -49 152.526 million.2% -22781. The United States was followed by Japan.512 million in 2008.160 million to $173.6% 26. Australia was the fastest growing export market for Thailand.983 % change 14.5% -99. exports increased 16.160 118.3% Value 2006 % change 18. In terms of value.5% a year.000) 2005 Class. recording an average growth rate of 15. Trade trends Thailand's foreign trade jumped from $228.3% a year from $110.526 -5. The country recored a trade deficit of $5.6% Value 2008 % change 13.4% Value 2007 % change 16.291 Source: Korea International Trade Association (KITA) (1) Export status by country In 2008.291 million in 2008.235 178.235 million. Imports expanded by 14.6% annually on average from $3.000. exports to China recorded the largest margin of growth by soaring by $6.5% 25.3% -147. Among the top 10 export destinations.143 -7. China and Singapore. Thai exports to Australia grew 33.143 million to $178. Value Export Import Balance 110. During the period.2.4% of the total Thai exports.8% 8.6% 130.1% -541. or 11.754 million worth of Thai goods. which absorbed about $19.151 million in 2005 to $7.460 141. Thailand's largest export destination was the United States.303 million in 2005 to $351.

854 3.4% 2.4% 11. In value terms.810 8.053 5.496 3.105 7.460 Share 12.5% 5.1% 100% 1 2 3 4 5 6 7 8 9 10 12 Total Source: Korea International Trade Association (KITA) (2) Export status by item Automatic data processing machines constituted Thailand's largest export sector in 2007.7% 5.7% a year on average.6% 2.345 342 Source: International Trade Centre (ITC) 53 .8% 3. accounting for 8.688 130.6% 9.0% 12.950 14.138 4.250 18.388 8.1% of total exports.408 2.695 2.074 5.761 2.850 7.492 11.235 Share 11.631 25.151 3.298 3.962 3.620 2.2% 2. petroleum oils showed the fastest growing rate of 36.398 3.5% 2.6% 4.9% 5. with motor-driven elements 2005 2006 2007 2008 Korea's import 8.896 million in 2007.6% 5.348 2.3% 6.620 million in 2005 to $4.5% 2.S.470 3.978 3.976 9.781 3.641 6. jumping from $2.4% 2.0% 6.388 million. Ranked second were electronic integrated circuits with $8.6% 5.A.3% 5.322 2.244 110.768 3.9% 2.214 6.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 8471 8542 4001 2710 8704 8703 1006 8708 8473 8415 Commodity Automatic data processing machines.1% 2.5% 2.192 3.9% 3.160 Share 15.161 2.792 5.9% 100% 2008 Value 19.120 3.755 2.053 million.641 4.6% 2.656 4.774 9.1% 100% 2007 Value 19. gutta-percha Petroleum oils Trucks.844 9.094 3.346 3.430 3.081 192 2. station wagon) Rice Parts & accessories of motor vehicles Parts & accessories of computers & office machines Air conditioning machines.579 2.1% 3.512 6.724 15.568 173.0% 100% 2006 Value 19.Table 54 Thailand's Top 10 Export Destinations (Unit: $ 1.260 2.4% 9.717 7.834 9. motor vehicles for the transport of goods Cars (incl.754 19.683 2. increasing by $4.4% 13.1% 2.411 7.500 3.000.979 9.6% 8.535 8.000.1% 3.803 3.6% 11.000) Rank Country U.4% 5. optical reader Electronic integrated circuits and micro assemblies Natural rubber.2% 5.990 3.9% 9.896 4.686 7.314 12.556 Share 15.336 3.881 1.379 3.5% 1.626 16.478 195 3.045 million from $$8. as their exports amounted to $12. Japan China Singapore Hong kong Malaysia Australia Indonesia Vietnam Netherlands Korea 2005 Value 16.997 2. Among the 10 most important export items.003 17.343 5.388 million in 2007.922 2.967 152.122 14.3% 3. automatic data processing machines registered fastest growth.726 4.7% 6.137 2.169 10. balata.7% 5.123 5.801 2. Table 55 Thailand's Top 10 Exports (Unit: $ 1.343 million in 2005 to $12.954 2.3% 2.5% 2.

282 million. They were followed by hot-rolled steel plates with $222 million. Thailand-Korea trade As of March 2009. (1) Korean exports to Thailand Top Korean exports to Thailand include flat-rolled iron products (clad. accounting for 6.6% a year from $3.3.497 Source: Korea International Trade Association (KITA) In the 2005-2008.381 2.7% Value 2008 % change 28.8% a year from $2.1% 14.689 692 % change 4. 54 .689 million to $4. and automobile parts with $206 million.328 918 4.7% 13.061 million.246 3. Figure 18 Trends in Korea's Trade with Thailand (Unit: $ 1.3% from $6.381 million to $5.769 719 5.070 million to $10.8% 32.282 1.497 million in its trade with Thailand in 2008.2% -21. bilateral trade grew by annual average of 18.779 million.2% 4.6% 23.779 4.000.000) 2005 Class. coated) were ranked first in 2008 as their exports amounted to $358 million.8% 13. coated).7% Value 2007 % change 5. Flat-rolled iron plates (clad. Imports from Thailand rose by 16. and the 21st largest source of imports. hot-rolled steel plats.488 3.6% 108. and automobile parts. Korea recorded a surplus of $1.4% Value 2006 % change 25.2% of total Korean exports. Value Export Import Balance 3. Korea's exports to Thailand increased by 19. Thailand was the 17th largest destination for Korean exports.

5 5. with the import volume amounting to $1.8% 126 -57. forest and marine products sector with $1.0% 165 43. Forest.1 4.8% 95 7.6 36. Flat-rolled products of iron or non-alloy steel. Import of mineral products recorded the highest increase rate of 358.9% 130 93.1 45. Noteworthy were the three items of arrowroots. which all accounted for more than 60% of the Korean import markets.5 0.173 million.000) Rank HS Code 7210 7208 8708 7219 8517 9013 8542 7403 8529 3105 Commodity Flat-rolled products of iron or non-alloy steel.5 52. unwrought.8% 117 22.5 2.0 1. other optical appliances and instruments.4 9. lasers.769 21.4% 243 38.4% 144 106.9% 116 15. Flat-rolled products of stainless steel.053.9 -27.4 11.9% (2) Korean imports from Thailand 1) Import status by industry Electronic and electrical products constituted the largest import sector in 2008.3% 144 1. Table 57 Industrial Trends in Korea's Imports from Thailand (Unit: $ 1. Source: Korea International Trade Association (KITA) 1 2 3 4 5 6 7 8 9 10 2007 Value % change 236 13.6% 2008 Value % change 358 51.0 4.0 2.0% 196 -19.2 30. 55 .000. Mineral or chemical fertilisers.2% 161 -38.9% from 2007.7 13.550 million.5% 164 120.1% 139 9. or 36.2% 206 26.000. Parts and accessories of the motor vehicles.550 1.2 4. accounting for 44% of the Korean import market.4 100 2) Import status by item A review of imports by item shows that electronic integrated circuits were ranked first with their import amount standing at $485 million in 2008.0 -16.2 21.6 13.1% 181 25. and the mineral products sector with $508 million.4 2. %) Rank Industrial sector Electrical Articles.1 -10.8 3.0 358. other apparatus for the transmission or reception. It was followed by the agricultural. Parts suitable for use transmission apparatus.282 -7. Liquid crystal.4 29. Electronic Articles Agricultural.2 27.0 1.6 2.4% 70 -1.2 44.8 16. Marine Products Mineral Product Chemical Industry Manufactures Machinery Articles of Iron or Steel.0 -2.000. Electronic integrated circuits.9 14.9 2.1 -17.9 -53. Telephone sets.7% 262 10.5% 222 70. Metals Textile & Apparel Articles of Plastic Rubber or Leather Living ware Miscellaneous Articles/Sundries Value 2007 % change Share Value 2008 % change Share 1 2 3 4 5 6 7 8 9 10 Total Source: Korea International Trade Association (KITA) 1. carbon paper and particle boards.7 0.0 44.9 9.5 100 1. Refined copper and copper alloys. These products were followed by natural rubber whose imports amounted to $441 million.Table 56 Korea's Top 10 Exports to Thailand (Unit: $ 1.667 815 111 535 169 205 111 74 64 18 3.8 15.1 5.173 508 389 219 172 108 86 62 15 4.2% of total imports.5 -3.

Petroleum oils and oils.5% 71.0% 0.A.2 67 0.A.Unworked or not further worked than sanded Spain Thailand 4410 4410129000 4410199010 4410199090 4410900000 1701111000 U.1% 10.Other Other board .000) Top 3 countries in share 1st Singapore 2nd Taiwan Indonesia 3rd China Malaysia Kuwait Japan Ireland Indonesia Thailand Saudi Arabia China China Thailand Thailand India Australia Thailand U.3 Natural rubber smoked sheets.3% 99.Of a polarization not exceeding 98. Rss No.Multi-ply Graphic art paper Carbon or similar copying papers Other Thailand Thailand Malaysia China Thailand Thailand China Japan Japan Thailand Indonesia China China China Thailand 4816 4816903000 4816904000 4816909000 Japan Source: Korea International Trade Association (KITA).4% 0.S. Rss No.5% 14.5% 27.04 75 2 (Unit: $ 1.0% 9.8% 67.Other Other board .2 4 2 0.218 3.3 13 5 3 5 78 7 Imports from Thailand Value 36 0.5 0. Petroleum oils and oils.1 Natural rubber smoked sheets.9% 76. waste oils.E.8% 100% 39.not wood Cane sugar .7% 9 1 15 5 5 1 1 25 2 1 (Unit: $ 1.5 9 1 25 52 0. South Africa China Source: Korea International Trade Association (KITA).5° China Philippines India South Africa Japan U. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market Table 59 Detailed Status of Key Korean Imports from Thailand HS Code 4001100000 4001212000 Commodity Natural rubber latex Natural rubber smoked sheets.3 331 7 0. Canada Romania Other board . other apparatus for the transmission or reception.000.3% 84.Of a polarization exceeding 98.6 11 2 26 503 0.6% 87. self-copy paper and other transfer papers Total imports 25.S.S. Cane or beet sugar and chemically pure sucrose.A. Vietnam Malaysia Saudi Arabia Thailand Japan U.S.A.5% 27.Other Oriented strand board .8% 4. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 56 .S.Unworked or not further worked than sanded Total imports 63 2 73 0. Arrowroot.E. Telephone.1 160 21 62 0.003 85.1% 97.A.5% 89.000.Pellets Particle board .8% 5. U.7% 24. Japan Thailand Thailand Australia 1701 1701112000 1701122000 1701990000 4816201000 4816202000 Cane sugar . oriented strand board and similar board. Carbon paper. sweet potatoes and roots and tubers etc Particle board.7% 78.081 544 103 Imports from Thailand Value Share Rank in market 485 441 379 249 206 160 95 93 81 79 1.9% 0.4% 44.Table 58 Top 10 Korean Imports from Thailand and Their Import Market Shares Rank 1 2 3 4 5 6 7 8 9 10 HS Code 8542 4001 2709 8517 8471 0714 4410 2710 1701 4816 Commodity Electronic integrated circuits.Other Self-copy paper .4% 0.3 838 26 41 160 24 87 11 0.5% 40.Of a polarization exceeding 98.7% 3. Thailand Thailand Thailand Thailand Australia Canada Belgium Romania U.5° Other sucrose . U.One ply Self-copy paper .5° Beet sugar .4% 4.A. U.8% 91.S.4 Technically specified natural rubber (TSNR) Other natural rubber Dried manioc (cassava) Dried manioc (cassava) .A. Rss No.6% 82.A. Automatic data processing machines.631 203 140 17.000) Top 3 countries in share 1st Thailand Indonesia Share 57.881 1.9% 44. Natural rubber and similar natural gums.4% Rank in market 1 2 1 1 1 2 3 1 1 1 3 1 1 1 1 2 1 2 2 3 3 1 2 2nd Vietnam Thailand 3rd Malaysia Sri Lanka Malaysia 4001 4001214000 4001215000 4001220000 4001290000 Thailand Thailand Thailand Philippines India Indonesia Thailand Indonesia Vietnam Thailand 0714102010 Vietnam Thailand Thailand Thailand 0714 0714102020 4410111000 4410119000 Taiwan Malaysia Malaysia Saudi Arabia Romania Particle board .855 5.1 0.9% 96.

Vietnam has maintained high GDP growth since it marked 6% in 2000.org 2.242 million.271 Source: Ministry of Planning and Investment of Vietnam.000.058 million in 2008.643 14.438 149.271 million in 2008. 57 .058 651 9.803 4.3%.761 million to $82. the leader in terms of total investments during the 20-year period since 1988.938 7. material carried on www.10 Vietnam 1.938 million.651 17. Korea is the fourth largest investor in Vietnam overall.803 2008. as seen in its conclusion of a trade agreement with the United States in 2001 and its participation in the creation of the ASEAN free trade zone.643 million in 2008.23% growth in 2008.1 No.158 16.22) Value 19.1. General status Vietnam's low labor cost and plentiful raw material resources are making the country an optimum investment destination for labor-intensive industries. Vietnam is endeavoring for globalization of its economy.12. Its annual growth rate since 2005 has averaged 8%.8%. imports soared from $36. As Vietnam is in the course of opening its economy. Trade trends Vietnam's foreign trade grew 27.940 302 1. (1) Foreign direct investment (FDI) status Foreign direct investment in Vietnam reached $60. In particular. of Projects 132 55 105 292 101 1.288 1.4% a year on average from $69.526 15.466 60. of Projects 1. it achieved 6.000) Rank Country Taiwan Malaysia Japan Korea Singapore Total 1 2 3 4 5 Total (1988. Exports surged from $32. representing an average annual increase of 23.783 17. made new investment worth $8. Table 60 FDI Status in Vietnam (unit: $ 1. despite the global economic slowdown. recording average annual growth of 30.globalwindow. Taiwan. During the same period.171 12. Malaysia was ranked first in 2008. with its investment of $14. its value as an overseas production base targeting North American. the second highest in Asia following China's.1 No.775 2008 (1.447 million in 2005 to $60.22) Value 8. ASEAN and European export markets is increasing.280 million in 2005 to $143.046 2.816 million in 2008.

225 6.5% from the previous year and representing 18. Figure 19 Vietnam's Export and Import Trends (Unit: $ 1.9% 48.7% 2.5% 62.845 19.9% 1.2% 829 2.685 100% Source: Korea International Trade Association (KITA) 58 .7% Source: Korea International Trade Association (KITA) (1) Export status 1) Export status by country The United States is the top destination for Vietnamese exports.426 million in 2008.8% 6.723 8.243 2. Japan China Australia Singapore Germany Malaysia Philippines Korea U.105 20.6% of the total exports.314 million in 2005 to $21.000. Vietnamese exports to the United States in 2008 reached $11. and China with $4.090 12.228 9.784 2.4% % change 21.1% 3. The United States was followed by Japan with $8.445 3.0% -21.1% 32.0% 843 2.180 3.2% 51.2% 3.7% 5.816 82. Table 61 Vietnam's Top 10 Export Destinations (Unit: $ 1.8% 1.9% 1.536 7.955 3.121 2008 Value 60.869 million.555 3.581 2.4% 3.5% 3. Export Import Balance 2005 Value 32.917 5.000) Class.Vietnam's trade deficit expanded from $4.K.646 7.561 62.3% 4.761 -4.340 13.2% 31.3% % change 22.065 2007 Value 48.242 -21.6% 1.447 100% 2006 Value Share 7.243 8.6% 178.073 3.A.000.1% 1.3% 1.S.314 2006 Value 39.016 3.8% % change 25.9% 8.240 13.8% 1.660 4.426 % change 22.869 18.9% of the entire Vietnamese exports.682 -14.826 100% 2007 Value Share 10.6% 4.2% 4.000) Rank Country U.802 7.4% 1.826 44.1% 17.2%.9% 2.5% 15.3% 1.812 4.891 -5.7% 22.254 3.6% 664 2.6% 1.0% 1.5% 1.2% 965 2. 1 2 3 4 5 6 7 8 9 10 Total 2005 Value Share 5.2% 2.538 million or 13.538 13.924 18.0% 39.561 100% 2008 Value Share 11.234 4.0% 1.1% 783 2.1% 1.855 3.6% 1.9% 39.431 2.825 2.447 36.8% 2.086 3.028 3.745 9.536 million or 7.5% 3.4% 1. up 17.

Table 62 Vietnam's Top 10 Exports (Unit: $ 1.363 354 634 1. and ranked 29th among the sources for import. Vietnamese exports to Korea increased from $664 million in 2005 to $1.155 950 2005 7.5% annually on average from $3. or 19. jackets. Korea's exports to Vietnam expanded 131.2%. Vietnam was Korea's 12th largest export destination. soaring 206. outer soles and uppers of rubber/plastics Coffee Crustaceans Coal. upper of textile mat Rice 2004 5.738 million in 2005 to $5.063 1. upper of leather Other furniture and parts thereof Footwear.855 447 587 216 289 456 12. crude and petroleum oils recorded the biggest increase of $2.671 million in 2004 to $8.2% a year on average from $2.060 million in 2006. the bilateral trade volume registered annual growth of 133.373 898 1.408 670 832 1.000) Rank HS Code 2709 6403 9403 6402 0901 0306 2701 6204 6404 1006 2008 Commodity Crude petroleum oils Footwear. Korea emerged as the fastest growing market for Vietnamese exports.323 1. dresses skirts & shorts Footwear. Their exports amounted to $8.348 1.4% of the nation's total export volume.389 million from $5. Imports from Vietnam soared from $694 million to $2.805 million. Korea steadily maintained a surplus.408 2006 8.6%.Of the 10 major export destinations.000.047 949 932 1 2 3 4 5 6 7 8 9 10 Korea's import 85. ovoids & similar solid fuels Women's suits.037 million.671 761 717 316 642 1.842 million.803 1.6%.768 million in 2008. registering average annual growth of 43.411 1.348 million in 2006.014 321 740 1. 2) Export status by item Vietnam's largest export sector in 2006 was composed of crude and petroleum oils.432 million to $7. briquettes. Exports of footwear of rubber or plastics expanded most conspicuously.063 million.784 million in 2008. Vietnam-Korea trade As of March 2009. These were followed by footwear in second with $3. 59 . rising from $4. recording average annual growth of 143.126 million to $9. In value terms.169 1.055 1.060 million.372 774 198 195 Source: International Trade Centre (ITC) 3.5% from $316 million in 2004 to $1. which rose 128.060 3. During the 2005-2008 period. In its trade with Vietnam.

apparel.2% 79.5% 19. In 2008.1% 23.5% 37. petroleum oils and oils obtained from bituminous minerals were ranked first with an increase of $749 million. Motor vehicles for the transport of goods.283 250 176 57 107 104 130 86 128 132 147.003 2007 % change 46.368 2008 % change 35.4% 30.760 1.2% 5.4% 33. however.032 million.Figure 20 Trends in Korea's Trade with Vietnam (unit: $ 1.8% 1.768 Source: Korea International Trade Association (KITA) (1) Korean exports to Vietnam Principal Korean exports to Vietnam include petroleum oils and oils.2% 67.7% Value 3.7% 9. 2007 Value % change 1.7% 50.5% Value 5.9% 9.3% 32.000. Knitted or crocheted fabrics. in primary forms Polymers of propylene or of other olefins in primary forms Woven fabrics of synthetic filament yarn Textile fabrics. Polymers of ethylene.1% Value 2. or 26% of total exports.032 325 222 198 177 165 160 144 140 139 2008 % change 58. petroleum oils and oils obtained from bituminous minerals constituted the leading export sector.000) Rank 1 2 3 4 5 6 7 8 9 10 HS Code 2710 6006 8703 7208 6004 8704 3901 3902 5407 5903 Commodity Petroleum oils and oils. waste oils.1% 7. with their exports amounting to $2.2% 246.037 5.2% 26.9% from 2007 to $198 million. Motor cars and vehicles (for the transport of persons) Flat-rolled products of iron or non-alloy steel.043.927 925 3.9% 66. Export Import Balance 2005 Value 3.1% 34.432 694 2.6% 59.738 % change Value 2006 % change 14.0% 12. Table 63 Korea's Top 10 Exports to Vietnam (Unit: $ 1. as their exports in 2008 jumped 246.5% 46.4% Source: Korea International Trade Association (KITA) 60 .5% 45.0% 69. and automobiles.805 2.000) Class. Other Knitted or crocheted fabrics.2% 72.000. In value terms.3% 9. Flat-rolled iron products showed the highest growth rate.392 4.

6 24.4 3.5 -12.(2) Korean imports from Vietnam 1) Import status by industry Agricultural. But they were top ranked in the Korean import market with a share of 34. Electronic Articles Articles of Iron or Steel. The imports of these products amounted to $612 million.6 9.1 18.1% and the mineral products sector with 18%. accounting for 30% of total imports.000.9 2. %) Rank 1 2 3 4 5 6 7 8 9 10 Industrial sector Agricultural.0 67. Table 64 Industrial Trends in Korea's Imports from Vietnam (Unit: $ 1.3 0. forest and marine products made up the largest sector of imports from Vietnam in 2008.9 6.7 13.2 31.2 8.8 144. They were also ranked first in value terms by registering an increase of $96 million.2 15.1 2.5 54.7 3. coal and similar solid fuels showed the highest import growth rate of 185.1 198.6 82.6 174.4 28.8 20.6 2.9 18. Of the 10 top items. Imports of steel and metal products registered most conspicuous growth by increasing 198. 61 .8% compared with 2007.9 0.6 100 % change 29.5 6.8 0.5 Value 612 390 366 227 173 131 64 49 16 9 2.3 27.4 Share 30.8 5.037 % change 29. with their import amount standing at $183 million.2 1.8 255. Marine Products Textile & Apparel Mineral Product Living ware Electrical Articles. Metals Machinery Chemical Industry Manufactures Articles of Plastic Rubber or Leather Miscellaneous Articles/Sundries Total 2007 Value 472 253 218 189 135 44 26 32 13 8 1. Coffee imports from Vietnam were not big in volume.9%.0 46. Of the 10 largest import items from Vietnam. In value terms.4 0.392 2008 Share 33.1 50.8 50. nine belonged to the top 10 in their respective import markets in Korea. standing at $101 million.000.2%. petroleum oils were in the top spot in 2008. Forest.0 11. This sector was followed by the textile & apparel sector with 19.1 131.4 100 Source: Korea International Trade Association (KITA) 2) Import status by item By item.0 19. the import of mineral products was ranked first by recording an increase of $148 million from 2007.

Other . fresh or chilled Total imports 9 0. 1.6% 40.0% 66.5% 84.2% Japan Source: Korea International Trade Association (KITA).001 1 101 0 0. 339 8544 Insulated wire. U.Live.A.2% 18.000) Rank 1 2 3 4 5 6 7 8 9 10 Source: Note 1) 2) HS Code 2709 Commodity Petroleum oils and oils. Vietnam Thailand Vietnam Thailand Vietnam China Indonesia 40.2% 29.Frozen Hard clams . aquatic invertebrates.Other .000.4% 18. not roasted : Not decaffeinated Coffee.1% 16. and similar solid fuels.Frozen Mussels .003 2 1 0.Frozen Other .7% 68. fresh or chilled Other aquatic invertebrates . Philippines Share 1.0001% Italy Switzerland Italy Indonesia Indonesia Vietnam Japan Japan Vietnam China Russia China China Vietnam Taiwan China Japan U.4% 8.A.6 0.05 Top 3 countries in share 1st China China Vietnam Peru China Vietnam China China Vietnam China China China Vietnam Canada China Canada Thailand Vietnam Spain U.8% 6.1% 0.S.Frozen Fish surimi Other fish .4% 10.3% 15.A.3 1 4 0 57 0.5% 1.372 0307 Molluscs. 2008 Note 1) Total imports: Korea's total imports by category 2) Rank in market: Rank in Korea's import market 62 .Frozen Fish surimi Other fish .2% 9.4% 0.Other (not fresh or chilled) China China Vietnam Philippines China Colombia Brazil Colombia Switzerland Germany 0.000) HS Code 0307291000 0307391000 0307491010 0307491020 0307492000 0307493000 0307591010 0307591020 0307 0307591030 0307911190 0307911990 0307919090 0307991150 0307991190 0307991990 0307992920 0307993930 0901110000 0901120000 0901 0901210000 0901220000 0901901000 0901902000 0304210000 0304298000 0304 0304299000 0304991010 0304999010 0304999090 Commodity Scallops . 12.1 0.8% 0.6% 3.003 6403 Footwear.5 10 0.S.0% 15.A. coffee substitutes containing coffee 289 0306 Crustaceans 456 4001 Natural rubber and similar natural gums.A. Indonesia 3rd Kuwait Indonesia Japan Brazil Vietnam Malaysia Vietnam U.Frozen Cuttle fish .01% 4.1% 10.01 0.S.2% 1.Live.Live.Table 65 Top 10 Korean Imports from Vietnam and Their Import Market Shares (Unit: $ 1.0% Rank in market 17 7 2 1 3 4 3 2 3 3 2nd U.Dried Octopus .0% 96.01 0.9% 15.Salted or in brine Cuttle fish .01 0.S. optical fiber cables.0% 3.1% 0. 1.Frozen Cuttle fish .7% 2.1% 79.Salted or in brine Coffee. China Vietnam Colombia Russia Indonesia Italy Vietnam U.002% Rank in market 4 4 1 4 2 1 4 2 1 3 4 5 1 3 2 8 4 1 9 10 21 2 1 3 2 3 5 1 8 2nd Japan Indonesia 3rd U.5 31 1 92 49 3 7 5 2.4% 1.000.03 0. Vietnam Vietnam 2701 Coal.E.Frozen Sea-cucumbers .3% 0.Other .A.S.001 13 2 0. 361 0901 Coffee. not roasted : Decaffeinated Coffee roasted : Not decaffeinated Coffee roasted : Decaffeinated Coffee husks and skins Coffee substitutes containing coffee Frozen fillets : Swordfish Frozen fillets : Of file fish Frozen fillets : Other Alaska pollack .3% 13.Frozen Squid . New Zealand Indonesia Argentina Thailand China Vietnam China Japan Vietnam Indonesia Peru Peru Malaysia Indonesia Thailand Vietnam Russia Fiji Ireland Vietnam Russia China Indonesia Russia Japan Indonesia Other . fresh or chilled Ark shells .Dried Jelly fish .3% 3.1 0. 2008 Total imports: Korea's total imports by category Rank in market: Rank in Korea's import market Table 66 Detailed Status of Key Korean Imports from Vietnam (Unit: $ 1.5% 0. cable.A. Total imports 85.855 Imports from Vietnam Value 183 148 105 101 72 69 68 63 57 54 Top 3 countries in share 1st Saudi Arabia Australia China Vietnam China Thailand China China China China Share 0.03 14 42 0.S.02 30 0.Frozen Webfoot octopus . 447 0304 Fish meat.1 0.Frozen Molluscs .1% 34.02 3 8 26 53 141 2 Imports from Vietnam Value 0.Frozen Poulp squid .705 5509 Yarn 361 Korea International Trade Association (KITA).2 0 0.9% 15.2 10 249 3 35 2 0.1 20 25 0.

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