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The index reflecting the expectations of Korean companies’ export conditions for the next quarter reached the highest level in 11 years. This means that there are many prospects that exports will improve in the second quarter of this year.
According to the ‘2nd Quarter Export Industry Business Outlook Index (EBSI)’ surveyed by the Korea International Trade Association’s Institute for International Trade and Trade on the 21st, the EBSI was 120.8, exceeding 120 for the first time since the second quarter of 2010 (128.4). Done. If this index exceeds 100, it means that export conditions are expected to improve in the future.
By item, exports of petroleum products (148.9), semiconductors (139.5), ships (138.6), and plastics and rubber products (131.5) are expected to increase in the second quarter in line with rising oil prices and global demand recovery.
Among the 15 major items including these items, the index of 14 items exceeded 100.
By category, conditions such as’Export Consultation’ (121.9),’Gyeonggi of exporting countries’ (121.3), and’Export contracts’ (112.6) were found to improve. It was analyzed that expectations for economic recovery in major countries and enhancement of export vitality due to the spread of the Corona 19 vaccine were reflected.
On the other hand, the’export product manufacturing cost’ (92.1) is expected to worsen slightly from the previous quarter due to the recent rapid rise in raw material prices. The item most often cited by companies as a factor in export difficulties in the second quarter was an increase in raw material prices (21.0%).
Do Won-bin, a researcher at the International Trade Association, said, “The index exceeding 120 is a very positive sign for the recovery of exports.”
Export Industry Economic Outlook (EBSI) Trend[연합뉴스]
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