According to government data released Tuesday, Korea’s exports to emerging countries accounted for 72.8 percent of its total exports while outbound shipments to advanced economies declined to 27.2 percent last year.
Officials attributed the changing trend to emerging countries’ relatively fast economic growth and advanced nations’ protracted economic slump.
But the data showed that Korea relies heavily on China as exports to the No. 1 trading partner accounted for 24.5 percent of its total overseas shipments.
By Seo Jee-yeon (jyseo@heraldcorp.com)
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Articles by Korea Herald