한국 1분기 수출증가...10개국중 1위
South Korea's exports recorded notable on-year growth for Q1 this year.
For a closer look into the digits that keep Seoul competitive among the world's top ten exporters, we turn to our Kim Jung-soo.
According to the lastest data from the World Trade Organization,... South Korea's exports in the first quarter of 2017 amounted to 132 billion U.S. dollars,... almost a 15-percent increase from the same period last year.
This puts Korea in sixth place in terms of volume,... and number-one on the list in terms of on-year growth for the first quarter.
China's Q-1 exports rose by 8-point-2 percent on year, while the same figure for the U.S. rose by 7-point-3 percent.
Meanwhile for the world's 71 main trading countries, average growth in Q1 came to 9-point-8 percent.
64 countries, or about 90% of the lot,... saw positive growth in the first quarter.
Experts from the Korea International Trade Association say that the latest growth in Korea's export revenue was driven by an increase in both the quantity of exports and unit price. But they note that the bigger role was played by the jump in unit price.
They also downplayed the influence of a potential base-effect, saying that that the on-year growth in exports parallels an increase in other economic variables, such as oil prices and the price of raw materials.
Meanwhile,..it appears that South Korea's surge in exports... is having a positive impact on the nation's general economy as well.
According to data released by the Bank of Korea in late April,... the country's GDP in Q1 had grown by 9 tenths of a percent compared to the previous quarter,... surpassing market expectations of point-7 to point-8 percent.
Industry experts believe that the nation's annual "expected GDP growth rate" will also continue on an upward trajectory from its current 2-point-6 percent... thanks to the high likelihood the new Moon administration will pursue new fiscal spending to boost employment.
Kim Jung-soo, Arirang News
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