South Korea’s exports 9000are expected to surpass $ billion, 1with the $ trillion mark also being discussed
Minister of Trade, Industry and Energy Kim Jeong-kwan said this year’s exports are expected to 9000exceed $ billion. 1From 5cumulative exports totaled $ billion, and during the remaining period, a monthly average of $ 3,942billion is needed.722billion is needed.
Minister of Trade, Industry and Energy Kim Jeong-kwan said this year’s exports are expected to 9000exceed $ billion. If this forecast becomes reality, South Korea will overtake Japan and enter the world’s 5largest exporting countries.
South Korea’s exports totaled $ billion last year.7093.
Some are also discussing the possibility of surpassing the 3,000trillion mark, 1$ billion more than last year.
The minister said that caution was warranted because of external variables. However, the minister added that exports this year are expected to exceed 9000billion dollars.
Typically, the minister of the Ministry of Trade, Industry and Energy does not often offer an export outlook, taking external conditions into account.
Within the government, the assessment was that achieving 9000billion dollars was within sight if the flow of semiconductor exports continued.
1month through 5month, monthly export amounts are as follows.
| Month | Export amount |
|---|---|
| 1month | 658billion dollars |
| 2month | 676billion dollars |
| 3month | 872billion dollars |
| 4month | 859billion dollars |
| 5month | 877billion dollars |
| Total(1~5month) | 3,942billion dollars |
9000billion dollars, an additional 6month through 12month, 5,058billion dollars must be exported. Arithmetically, monthly exports of an average of 722billion dollars are required.
It was reported that the Minister of Industry’s remarks were viewed as having been driven by confidence in semiconductor performance.
Sources: 뉴시스 경제
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