(Getty Image Bank)
Even in the aftermath of the novel coronavirus infection (Corona 19), South Korea ranked 7th in exports and 9th in trade. The export growth rate was the fourth out of 10 major countries. Excluding the transit trade countries, this is the second best performance.
According to the’Trade Trends of Major Countries in the World in 2020′ by the World Trade Organization (WTO) on the 28th, Korea’s export ranking was 7th last year, the same as the previous year. Korea’s share of global exports was 3.1%. It was 2.9% in 2019, less than the 3% level in 11 years, but recovered to the 3% level in 1 year.
The first to sixth are China (15.8%), the United States (8.8%), Germany (8.4%), the Netherlands (4.1%), Japan (3.9%), and Hong Kong (3.4%).
The ranking of the top 5 countries among the top 10 exporting countries remained unchanged, but the UK was pushed out of the top 10 and Belgium (10th) entered the new market.
Korea ranked ninth in the trade rankings combined with exports and imports, as in the previous year. Korea’s share of global trade last year was 3.0%, the same as in 2011 (3.0%), the record high.
Last year, exports to the top 10 countries were sluggish due to Corona 19. The number of countries that achieved exports of USD 500 billion decreased from 9 in 2019 (including Korea) to 7 in 2020 (including Korea), and the number of countries that achieved $1 trillion in trade during the same period was from 10 (including Korea) to 8 (excluding Korea). ) Decreased.
Korea’s annual export growth rate of 2020 was -5.5%, the fourth among major countries. First place was China (3.7%), followed by Hong Kong (2.6%) and the Netherlands (-4.8%) in second or third place. Considering that Hong Kong is China and the Netherlands is an intermediary trading partner of the European Union (EU), Korea’s export performance is the second highest. Hong Kong and the Netherlands account for 89% and 44% of re-exports, respectively.
Germany (-7.3%), Italy (-7.7%), Japan (-9.1%), United States (-12.9%), United Kingdom (-14.1%), France (- 14.5%) and exports from eight countries declined at once.