South Korean Exports to U.S. Surge in 2004
In an article in the Korea Herald, it was noted that South Korea's exports to the United States surged 26.94 percent during the first 10 months of 2004. This was driven by shipments of automobiles and wireless communication gear.
Citing U.S. figures, the Korea Trade-Investment Promotion Agency said that Korean exports to the world's largest economy reached $38 billion during the January-October period and account for more than 3 percent of U.S. import total.
Cars were the top export item. Shipments surged 30.57 percent year-on-year at $8 billion, or 21.16 percent of exports to the United States. Hyundai and it sister company Kia are Korea's top car manufacturers.
Wireless communication gear followed at $7 billion, increasing at a near 50 percent clip compared to the same period last year to account for 18.3 percent of exports.
Since the post Korean War period, the U.S. had been South Korea's largest export destination.
Citing U.S. figures, the Korea Trade-Investment Promotion Agency said that Korean exports to the world's largest economy reached $38 billion during the January-October period and account for more than 3 percent of U.S. import total.
Cars were the top export item. Shipments surged 30.57 percent year-on-year at $8 billion, or 21.16 percent of exports to the United States. Hyundai and it sister company Kia are Korea's top car manufacturers.
Wireless communication gear followed at $7 billion, increasing at a near 50 percent clip compared to the same period last year to account for 18.3 percent of exports.
Since the post Korean War period, the U.S. had been South Korea's largest export destination.
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