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The automobile industry was one of South Korea's major growth and export industries in the 1980s. By the late 1980s, the capacity of the South Korean motor industry had increased more than fivefold since 1984; it exceeded 1 million units in 1988. Total investment in car and car-component manufacturing was over US$3 billion in 1989.
The following is a list of the exports of South Korea. Data is for 2012, in millions of United States dollars, as reported by The Observatory of Economic Complexity. Currently the top twenty exports are listed. #
North Korea: 904.8 2022 Chad: 895.2 2022 Cape Verde: 832.2 2022 Seychelles: 717.5 2022 Turks and Caicos Islands: 678.3 2022 Central African Republic: 629.5 2022 Antigua and Barbuda: 623.0 2022 Grenada: 589.3 2019 Solomon Islands: 539.5 2022 South Sudan: 512.5 2022 Samoa: 492.1 2022 Saint Vincent and the Grenadines: 438.0 2022 Vanuatu: 424.7
A destructive drought in 1958 forced Korea to import large amounts of food grains. In 1950, the Korean War (a war between the Republic of Korea and the Democratic People's Republic of Korea ) broke out, which destroyed more than two-thirds of the nation's production facilities and most of its infrastructure.
South Korea accounted for 0.7% of global trade in 1970, but by 2003 it went up to 2.5%. 50% of the Busan's manufacturing jobs are related to exports, and 83% of the country's exports are containerized, making Busan the country's largest container and general cargo port. Compared to the Port of Busan, Inchon port handles only 7% of containers.
ASEAN trade in goods (2021 in billion dollars) [1] [2] Rank Country/District Exports Imports Total Trade Trade Balance - World. 1,342.2 1,287.2 2,629.4 55.0
From trade and diplomacy to markets and budgets, South Korea struggled to contain the fallout from the president's brief but shocking martial law attempt last week, just as the country navigates ...
The steel industry plays a key role in the South Korean economy as it is the material for major industries such as automobiles, shipbuilding, and construction.In South Korea, the steel industry's GDP is 1.5 percent of all industries, and 4.9 percent of the manufacturing industry.