Korea’s Exporters’ Active Journey to Pioneer Potential Markets

Korea’s exports in April recorded a double-digit increase. It has been ‘export-plus’ for seven months. This is thanks to the increase in exports of key items such as semiconductors, automobiles, etc.
In particular, semiconductor exports, the largest export item, recorded US$9.96 billion, the second highest ever in April. It increased by 56.1% compared to the same month last year, recording positive exports for six consecutive months.

According to the Ministry of Trade, Industry and Energy (MOTIE), Korea’s exports in April amounted to US$56.26 billion (about KRW 78 trillion), a 13.8% increase compared to the same month last year.
Automobile exports increased by 10.3% compared to the same month last year, breaking a record-high export amount. It recorded $6.79 billion in exports, surpassing the previous biggest record of exports in November last year ($6.53 billion).
Exports of general machinery turned positive in just one month, reaching an all-time high of $4.68 billion (1.5%) as of April. Ship exports also increased by 5.6%, showing positive growth for nine consecutive months.

Korean exporters are continuously striving to pioneer potential markets with advanced export items ― and thus to elevate their global awareness in world markets.
K-1 EcoTech is selling tubular pre-coated filters designated as innovative products by Korea’s Public Procurement Service, which are products applied with water-treatment technologies certified by the International Swimming Federation (FINA).
Turbowin professionally delivers its advanced turbo blowers to global markets. The turbo blower, one of the zero-oil turbo blowers with the highest efficiency of up to 57.5%, is available in the most diverse product range from 3 to 1,800HP, to meet customer needs, and has the longest and most reliable durability ― thereby proving to be a comprehensive solution that cannot be duplicated by others.
KOSAPLUS manufacturers two kinds of actuators ― pneumatic actuators and electric actuators ― based upon the confident and sufficient knowledge it has accumulated over 20 years.

For the 5th issue of Korea Buyers Guide (Machinery&Automotives), we are about to introduce some Korean exporters with globally competitive export items.
 
 
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