Wednesday, December 5, 2012

[Marine] Korean ship export "Upturn"

Korean ship export "Upturn"

Under unfavorable overseas market environment, Korea's total amount of export for 2013 is expected to grow by near 5% year-on-year.

The Korea International Trade Association (KITA) prospected 2013's total amount of export would record $575bn, increased by 4.6% from an estimated figure of $549.6bn in 2012.

KITA analyzed that unstable factors, including Eurozone financial crisis, etc., would continue, however, overall export seemed to slightly rise, supported by major products' export surges amid slow recovery of global economy and trading.

Meanwhile, total amount of ship export, which has seen 28.4% decrease this year, is predicted to upturn to 4.9% due to offshore projects and deliveries of high-value newbuildings.



Published : December 4, 2012


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