Except for the top 10 export countries, exports last year ↓… Korea is the second smallest decline-the Cheonji Ilbo

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[천지일보=김현진 기자] Out of the world’s top 10 export countries, exports of all countries except China declined from the previous year due to the shock of Corona 19 last year. Korea experienced the second smallest decline.

According to the World Trade Organization (WTO) on the 28th, the exports of goods (including Hong Kong) from the top 10 exporting countries last year totaled $9,183.7 billion, down 5.1% from the previous year.

By country, the exports of China, the world’s largest exporter, amounted to $2.5911 billion last year, up 3.7% from a year ago. Hong Kong, a special autonomous region in China, also saw a 2.6% increase in exports from a year ago.

On the other hand, exports to the U.S. fell 12.9% year-on-year to $1.43 trillion, showing a double-digit decline. The country with the largest decline was France, a 14.5% decline. Japan also plunged 9.1%, followed by Italy (-7.7%) and Germany (-7.3%).

Korea, the world’s seventh largest export country, last year’s product exports amounted to 5125 billion dollars, down 5.5% from a year ago. The decline was the second smallest among the top 10 export countries after the Netherlands (-4.8%). In terms of overall growth rate, it ranked fourth among the top 10 export countries.

This is attributed to the recovery trend in exports, mainly for semiconductors and automobiles, from the second half of last year.

According to the Ministry of Trade, Industry and Energy, Korea’s monthly exports last year continued a negative march compared to the same period last year for six consecutive months from March, when Corona 19 began to spread in earnest. In particular, from April to June, it recorded a double-digit decrease for three consecutive months. However, it rebounded successfully in September.

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