ID :
188648
Wed, 06/15/2011 - 06:44
Auther :
Shortlink :
https://oananews.org//node/188648
The shortlink copeid
Five in 10 exporters see strong business in H2
Nearly five out of 10 South Korean exporting companies expect their overseas shipments to increase in the second half of the year on growing demand from export destinations, a poll showed Wednesday.
According to the survey of 505 exporters by the Korea Chamber of Commerce and Industry (KCCI), 47.7 percent of the respondents said that their exports will be larger in the July-December period than in the previous six months, while 40.4 percent said that their exports will be similar to first-half levels.
The companies expecting more second-half exports cited an economic recovery in their export destinations as the biggest reason for the rosy outlook.
According to the findings, Asian countries excluding China and India will emerge as South Korea's most favorable export destination in the second half, followed by the BRIC nations -- Brazil, Russia, India and China -- and North American countries.
"We believe that Asian countries were picked up as the country's most favorable export destination as they are enjoying high economic growth, compared to the U.S. and European countries," the KCCI said.
South Korea's main exports will be automobiles and auto parts in the second half, trailed by semiconductors, displays, cellular phones and eco-friendly goods, the poll showed.
Local exporters are worried that a rise in raw material costs and the South Korean won's ascent against the U.S. dollar may eat into their profits in the second half, the chamber added.
According to the survey of 505 exporters by the Korea Chamber of Commerce and Industry (KCCI), 47.7 percent of the respondents said that their exports will be larger in the July-December period than in the previous six months, while 40.4 percent said that their exports will be similar to first-half levels.
The companies expecting more second-half exports cited an economic recovery in their export destinations as the biggest reason for the rosy outlook.
According to the findings, Asian countries excluding China and India will emerge as South Korea's most favorable export destination in the second half, followed by the BRIC nations -- Brazil, Russia, India and China -- and North American countries.
"We believe that Asian countries were picked up as the country's most favorable export destination as they are enjoying high economic growth, compared to the U.S. and European countries," the KCCI said.
South Korea's main exports will be automobiles and auto parts in the second half, trailed by semiconductors, displays, cellular phones and eco-friendly goods, the poll showed.
Local exporters are worried that a rise in raw material costs and the South Korean won's ascent against the U.S. dollar may eat into their profits in the second half, the chamber added.
