South Korea'S Textile Exports Declined 2014 In 0.4%

The Ministry of industry and Commerce resources of Korea announced the "import and export trends in 2014 (December and full year) and the 2015 import and export outlook" report.

Exports in 2014 amounted to US $573 billion 100 million, an increase of 2.4% over 2013 and an import volume of US $525 billion 700 million, an increase of 2% compared with 2013. The total trade volume was 1 trillion US dollars. Since 2011, it has exceeded 1 trillion dollars for a period of 4 years, and the trade surplus is 47 billion 400 million dollars.

Annual trade volume,

And the trade surplus has reached a record high. In 2013, it achieved a record of "Triple Crown" for 2 years in a row.

(import and export amount is provisional value of Customs Statistics for 31 days January 1st ~12)

Exports of semiconductors, iron and steel products, wireless communication machines, ships, general machinery, auto parts and automobiles increased by 9.7%, 9.3%, 7.1%, 6.8%, 4.4%, 1.9% and 0.6% respectively in the 13 major export items (January 1st to December 31st) in 2014.

Petrochemistry,

Exports of computers, household appliances, petroleum products and liquid crystal devices declined by 0.1%, 0.4%, 0.8%, 2%, 3% and 3.8% respectively.

The main export areas (provisional values of customs statistics from January 1st to December 20th): exports to the US grew by 13%, growth to Oceania 8.7%, growth to the Middle East 7%, growth of EU to 5.5%, growth of ASEAN to 3.9%, and to mainland China, central and South America, Japan and Africa, respectively, 0.5%, 0.9%, 6.9% and 14.1% respectively.

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Recently, Wu Pengshan, Vice Minister of Commerce of Burma, said that Burma is striving to develop the garment industry as a pillar industry of the national economy.

According to statistics from the Burma garment industry association, up to now, there are a total of more than 200 garment enterprises in Burma, and 220 thousand workers in the garment factories. The export volume of Burmese garments accounts for 10-12% of total textile exports.

In 2013, the export of Burmese apparel products was about $1 billion 200 million, 3 times the 2009 US $400 million.

The Burma Apparel Association expects exports of clothing products to increase to $10 billion in the next 10 years.

At present, Burmese clothing products are mainly exported to Japan, Korea, the European Union, Germany and China. Among them, Japan is the largest exporter, accounting for 48%, followed by Korea, 33% and EU third, accounting for 14%.

According to statistics, as of now, enterprises from 20 countries and regions from Taiwan, China, Malaysia, Germany, Japan and South Korea have invested in Burma textile industry, and there are about 300 textile factories.