South Korea vs. China deficit for 2 consecutive months = Han
In the first half of 2022, South Korea’s trade balance posted a deficit of $ 10.3 billion for the first time in 25 years. The reason is that the import value of energy resources has increased significantly.
As long as the recent high prices and the strong dollar continue, the trade balance in the second half cannot be optimistic. Imports in the first half of the year increased by 26.2% year-on-year to 360.6 billion dollars (about 49 trillion yen). Imports of the “three major energy” sources of oil, gas and coal alone recorded $ 87.8 billion, up 87.5% year-on-year. International oil prices were 60% during the same period (…
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