[Graphic News] U.S. marks record trade gap with Korea
By Korea HeraldPublished : June 6, 2013 - 20:35
According to a report from the U.S. Department of Commerce, Washington imported Korean products worth $5.58 billion and exported goods worth $3.27 billion to Seoul in that month.
The United States’ combined trade deficit with Korea from January to April amounted to $6.98 billion, a 69.1 percent increase from the same period last year.
Some industrial sectors in the U.S. are voicing the need to revise the Korea-U.S. FTA, which took effect in March last year, insisting that the trade pact aggravated the U.S. deficit.
But some experts in Seoul attributed the widened deficit to some Korean products’ competitive edge in the U.S. market such as automobile parts and IT devices.
By Chung Joo-won (joowonc@heraldcorp.com)
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Articles by Korea Herald