[경제]Largest in 2 years of export to SMEs…’The more you sell’ due to the falling exchange rate

[앵커]

Even in the aftermath of Corona 19, exports to SMEs increased to the largest in two years.

However, as the won-dollar exchange rate has fallen to around 1,100 won, it is now called’the more you sell, the more you lose.’

Reporter Cho Yong-seong reports.

[기자]

It is a small and medium-sized business that has been producing prefabricated angles for the past 40 years.

Thanks to the development of new products and sales of home shopping and online shopping malls, exports to 15 countries continued this year.

[민효기 / 스피드랙 대표 : 아무래도 집에 머무는 시간 때문에 가구 시장·정리 용품 시장이 활성화돼서 다들 그쪽에 매출이 늘다 보니까 저희도 따라 같이 는 것도 있고요, 국내에 온라인 쪽으로 계속하다 보니까 해외에도 온라인화되는 데 적응을 빨리 잘 한 것 같아요.]

Last month, the total export value of SMEs in Korea was $9.5 billion, and even in the midst of the corona 19 pandemic, the highest performance was achieved in two years.

Exports to the US increased by 14.6% and exports to China by 9.7%.

The share of SMEs in total exports has grown to a point exceeding 20% last month.

The problem is profitability.

The won-dollar exchange rate at which SMEs are guaranteed profits is 1,166 won, and the break-even rate is 1,118 won.

However, amid the trend of continuing to decline in the exchange rate, it is now around 1,100 won, resulting in a structure of’the more you sell’.

[김태환 / 중기중앙회 국제통상부 부장 : 기업들이 수주해서 제품을 생산하고 수출하고 돈 받고 하는 과정을 3개월 정도 보더라고요.” + “현재 손익분기점 환율 이하이기 때문에 사실은 수출하면서도 손실이 나는 상황이 되는 거죠.]

Seven out of 10 small and medium-sized enterprises (SMEs) have a’exchange hedging’ ratio that fixes the exchange rate against the risk of exchange rate fluctuations below 20% of the total amount.

Unlike conglomerates, SMEs are very vulnerable to exchange rate fluctuations. If the won remains strong in the new year, even if export performance is strong, there will be nothing left.

YTN Quiet Seong[[email protected]]is.

.Source

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