Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[THE INVESTOR] Korea’s exports will show small improvement in the second half of the year, the Institute for International Trade projected in a report released on June 22.
In the report, IIT projected that Korea’s exports will come in at US$260.5 billion in the second half of the year, up 0.9 percent from the same period last year.
The IIT cited developed nations’ economic recovery, rising oil prices and improving demand from emerging economies for the projection.
The IIT forecast that crude oil will reach between US$45 and US$50 per barrel during the second half of the year.
By items, IIT projected that machinery, semiconductors, displays and petrochemicals will see exports rise, while ships, oil products, mobile telecommunications devices and automobiles will continue to struggle.
The report, however, said that negative elements will remain in the final six months of the year saying that increasing competition with emerging economies and international trade issue could hold the country back.
For the year as a whole, the IIT projected a drop of 4.7 percent in exports and 7 percent in imports, bringing the total trade to about US$908 billion.
By Choi He-suk (cheesuk@heraldcorp.com)
In the report, IIT projected that Korea’s exports will come in at US$260.5 billion in the second half of the year, up 0.9 percent from the same period last year.
The IIT cited developed nations’ economic recovery, rising oil prices and improving demand from emerging economies for the projection.
The IIT forecast that crude oil will reach between US$45 and US$50 per barrel during the second half of the year.
By items, IIT projected that machinery, semiconductors, displays and petrochemicals will see exports rise, while ships, oil products, mobile telecommunications devices and automobiles will continue to struggle.
The report, however, said that negative elements will remain in the final six months of the year saying that increasing competition with emerging economies and international trade issue could hold the country back.
For the year as a whole, the IIT projected a drop of 4.7 percent in exports and 7 percent in imports, bringing the total trade to about US$908 billion.
By Choi He-suk (cheesuk@heraldcorp.com)
-
Articles by Korea Herald
