Parts and Materials Industry Trade Figures for First Half of 2013

The Ministry of Trade, Industry and Energy has released its parts and materials industry trade figures for the first half of 2013. Korea enjoyed a $48.3 billion trade surplus in that sector, posting its best ever six-month performance.

Exports in the parts and materials industry rose 5.2 percent year on year even amid unfavorable conditions on the global market. The growth was led by brisk sales of electronic components, electrical machine parts, transportation machine parts and nonmetallic minerals. However, there was a decline in outbound shipments of basic metals and textiles. The nation continued to maintain a trade surplus with most of its trading partners.
Meanwhile, imports in the parts and materials industry rose 1.5 percent from a year earlier to $81.7 billion.

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