Shortcut to Body Shortcut to main menu

Invest Korea

Search

Investment News

  • Home
  • Information Center
  • Newsroom
  • Investment News
Korea's Exports to U.S. Rise 11.3 pct after FTA
Date
2012.05.21
Views
1135
제목 없음

 

South Korea's exports to the United States rose 11.3 percent from a year earlier in the first two months after their landmark free trade agreement came into force, government data showed Sunday.

Exports to the U.S. reached US$11.18 billion from March 15, when the pact was implemented, to May 14, while imports from the U.S. rose 2 percent to $7.73 billion for the two-month period, according to the data by the Korea Customs Service.

During the same period, South Korea's total exports fell 4 percent from a year ago to $93.4 billion, hit by falling demand amid a deepening debt crisis in Europe.

South Korean cars, auto parts, petrochemicals and textile products primarily benefited from the trade pact with the U.S., the data showed.

The trade deal between South Korea and the U.S., first signed in 2007 and modified in 2010, took effect on March 15. It is the biggest U.S. trade deal since the North America Free Trade Agreement went into force in 1994.

Source Text

 

Source: Yonhap News (May 20, 2012)

Meta information