Korea regains top spot in China's import market after seven years

SEOUL, November 14 (AJP) - South Korea reclaimed its position as China's largest source of imports for the first time in seven years, riding a semiconductor export boom that also lifted its ranking in the U.S. import market, according to K-stat data from the Korea International Trade Association (KITA).

China's imports from South Korea surged 75.1 percent from a year earlier to $236.2 billion in the January-September period, giving Korea the largest share of the Chinese import market at 9.8 percent. Korea overtook Taiwan in April and held the lead through September. Semiconductor shipments to China jumped 221.5 percent to $105.4 billion.  Korea also climbed three places to become the sixth-largest source of U.S. imports, up from ninth a year earlier. U.S. imports of Korean goods rose 35.2 percent to $129.2 billion over the same nine-month period.

Tags: South Korea exports, China imports, Korea-China trade, Korea International Trade Association, KITA, K-stat, semiconductor exports, China import market, Korea-U.S. trade, U.S. imports, Taiwan, trade surplus, AI chip demand
 

Copyright ⓒ Aju Press All rights reserved.