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Sales Trend of Major Distributors for December 2013
Non-Food Sectors ○ Electronics & Culture - Year-on-Year : -3.3 - Month-on-Month : 10.7 ○ Apparel - Year-on-Year : -10.3 - Month-on-Month : -4.7 ○ Living - Year-on-Year : -5.2 - Month-on-Month : 2.8 ○ Sports - Year-on-Year : -3.7 - Month-on-Month : 2.5 ○ General Merchandise - Year-on-Year : -11.3 - Month-on-Month : 14.4 ○ Sub Total - Year-on-Year : -6.2 - Month-on-Month : 4.2 ○ Foods - Year-on-Year : -4.8 - Month-on-Month : 10.0 ○ Total - Year-on-Year : -5.7 - Month-on-Month : 8.3 Non-Food Sectors ○ General Merchandise - Year-on-Year : -3.2 - Month-on-Month : 11.5 ○ Ladies’ Formal Wear - Year-on-Year : -5.8 - Month-on-Month : -8.5 ○ Women’s Casual Wear - Year-on-Year : -2.9 - Month-on-Month : -8.7 ○ Men’s Wear - Year-on-Year : -5.7 - Month-on-Month : -8.7 ○ Children & Sports - Year-on-Year : 3.9 - Month-on-Month : -14.1 ○ Living - Year-on-Year : 2.2 - Month-on-Month : -13.8 ○ Global Brands - Year-on-Year : 8.7 - Month-on-Month : 9.5 ○ Sub Total - Year-on-Year : -0.6 - Month-on-Month : -4.1 ○ Foods - Year-on-Year : 1.1 - Month-on-Month : 12.0 ○ Total - Year-on-Year : -0.3 - Month-on-Month : -0.1 Non-Food Sectors ○ Living - Year-on-Year : 4.8 - Month-on-Month : -8.4 ○ General Merchandise - Year-on-Year : 2.1 - Month-on-Month : 10.0 ○ Tobacco, etc. - Year-on-Year : 7.3 - Month-on-Month : 0.9 ○ Sub Total - Year-on-Year : 6.6 - Month-on-Month : 0.9 Foods ○ Beverages and Processed Goods - Year-on-Year : 12.2 - Month-on-Month : -4.3 ○ Instant foods (including some perishable goods) - Year-on-Year : 12.0 - Month-on-Month : -3.2 ○ Sub Total - Year-on-Year : 12.2 - Month-on-Month : -4.1 ○ Total - Year-on-Year : 9.6 - Month-on-Month : -1.9 The revenues of all items of the so-called Super Supermarkets, or SSM, operated by large retailers, including foods, declined date2014-01-23
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2013 Car Industry Trends
○ 2011 - Production : 4,657,094 - Export : 3,151,708 - Amount (USD 0.1 billion) : 453.1 - Domestic Sales : 1,579,674 - Cars Made in Korea : 1,474,637 - Imported Cars : 105,037 ○ 2011 Rate of Change - Production : 9.0 - Export : 13.7 - Amount (USD 0.1 billion) : 28.0 - Domestic Sales : 1.5 - Cars Made in Korea : 0.6 - Imported Cars : 16.0 ○ 2012 - Production : 4,561,766 - Export : 3,170,634 - Amount (USD 0.1 billion) : 472.0 - Domestic Sales : 1,541,715 - Cars Made in Korea : 1,410,857 - Imported Cars : 130,858 ○ 2012 Rate of Change - Production : -2.0 - Export : 0.6 - Amount (USD 0.1 billion) : 4.2 - Domestic Sales : -2.4 - Cars Made in Korea : -4.3 - Imported Cars : 24.6 ○ 2013 (Preliminary) - Production : 4,521,638 - Export : 3,086,394 - Amount (USD 0.1 billion) : 486.5 - Domestic Sales : 1,537,590 - Cars Made in Korea : 1,381,091 - Imported Cars : 156,497 ○ 2013 (Preliminary) Rate of Change - Production : -0.9 - Export : -2.7 - Amount (USD 0.1 billion) : 3.1 - Domestic Sales : -0.3 - Cars Made in Korea : -2.1 - Imported Cars : 19.6 * Source: Korea Automobiles Manufacturers Association and Korea Automobile Importers and Distributers Association The export volume for 2013 was 3,086,394 units, a year-on-year decrease of 2.7%, and recorded a decline for the first time in four years since 2009 due to the high won and low yen trend, expanded global uncertainties and supply problems of major manufacturers. Nevertheless, the export amount of finished cars (based on MTI 741) reached a record-high level of USD 48.7 billion with a year-on-year increase of 3.1%, thanks to growth in the market share of large passenger vehicles and RVs. By region, exports of Korean cars were robust in the US market, which has shown a stable economic recovery, and grew in the EU and in Asia, reflecting the economic growth. However, exports declined in Latin America and Eastern Europe due to expanding local production. In China, which accounts for half of all exports to Asia, exports grew by 13.2%, prompted by growing demand caused by the urbanization of inland regions. ○ 2010 - Total : 2,772 - North America : 678 - US : 511 - EU : 298 - Eastern Europe : 241 - Middle East : 587 - Latin America : 447 - Africa : 172 - Pacific : 180 - Asia : 169 - China : 88 ○ 2010 Change - Total : 29.0 - North America : 11.4 - US : 13.7 - EU : -1.3 - Eastern Europe : 144.9 - Middle East : 39.8 - Latin America : 57.3 - Africa : -1.2 - Pacific : 22.2 - Asia : 48.2 - China : 74.2 ○ 2011 - Total : 3,152 - North America : 771 - US : 588 - EU : 426 - Eastern Europe : 268 - Middle East : 626 - Latin America : 495 - Africa : 180 - Pacific : 161 - Asia : 225 - China : 129 ○ 2011 Change - Total : 13.7 - North America : 13.7 - US : 15.1 - EU : 42.8 - Eastern Europe : 11.0 - Middle East : 6.7 - Latin America : 10.9 - Africa : 5.0 - Pacific : -11.0 - Asia : 32.6 - China : 45.7 ○ 2012 - Total : 3,171 - North America : 905 - US : 694 - EU : 398 - Eastern Europe : 284 - Middle East : 614 - Latin America : 433 - Africa : 1 date2014-01-15
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2013 (December & Full-Year) Trends and 2014 Outlook for Exports and Imports
Export & Import Trends in December 2013 Total exports were USD 48.1 billion in December, showing year-on-year growth of 7.1%, while imports were USD 44.4 billion with year-on-year growth of 3.0%. The trade surplus was USD 3.7 billion. Exports grew significantly year-on-year in December, fueled by the global economic recovery and the higher number of working days (1.5 days). Imports as well as exports are growing, and a trade surplus has been recorded for 23 consecutive months. * Export growth rate by region (%): US 13.2%, China 8.4%, EU 2.0%, Japan -11.6% and ASEAN -11.9% * Export growth rate by item (%): Ships 50.3%, semiconductors 20.0%, cars 13.2%, petrochemical 7.5%, general machinery 3.1%, steel -0.1%, mobile devices -3.1%, LCD -16.9% and petroleum products -21.0% Of five major import items, petroleum products and steel imports grew, while crude oil and gas imports decreased. Looking at imports by use category, imports of raw materials, capital goods and consumption goods all grew. * Import growth rate of five items (%): Petroleum products 21.7%, steel 16.5%, coal 3.4%, gas -7.7% and crude oil -10.1% * Import growth rate by use (As of December 1 to 20, 2012, compared to the same period of the previous year, %): Raw materials 11.7%, capital goods 8.4% and consumption goods 8.6%. Korea recorded a trade surplus of USD 44.2 billion in 2013, thanks to exports of USD 559.7 billion that showed year-on-year growth of 2.2% and imports of USD 515.5 billion that showed a year-on-year decrease of 0.8%. <2013 Export & Import Results (Estimated based on customs data)> (Unit: USD 0.1 billion, %) 2012 ○ 1H - Export (Rate of Increase/ Decrease) : 2,750(0.5) - Import (Rate of Increase/ Decrease) : 2,641(2.3) - Trade Balance : 109 ○ 2H - Export (Rate of Increase/ Decrease) : 2,729 (-3.1) - Import (Rate of Increase/ Decrease) : 2,555 (-4.0) - Trade Balance : 174 ○ Annual - Export (Rate of Increase/ Decrease) : 5,479 (-1.3) - Import (Rate of Increase/ Decrease) : 5,196 (-0.9) - Trade Balance : 283 2013 ○ 1H - Export (Rate of Increase/ Decrease) : 2,765(0.6) - Import (Rate of Increase/ Decrease) : 2,565 (-2.9) - Trade Balance : 200 ○ 2H - Export (Rate of Increase/ Decrease) : 2,832(3.8) - Import (Rate of Increase/ Decrease) : 2,591(1.4) - Trade Balance : 241 ○ Annual - Export (Rate of Increase/ Decrease) : 5,597(2.2) - Import (Rate of Increase/ Decrease) : 5,155 (-0.8) - Trade Balance : 442 Exports to China have been robust, while exports to the US and the EU have been improved thanks to the economic recovery. However, Exports to ASEAN countries including Indonesia are decreasing. <Five Export Items and Their Percentages in 2013> (Unit: USD 1 million, %) ○ 2012 Amount and Percentage of Exports - Petroleum date2014-01-14
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IT Trade Figures for August
2013 ○ August Exports - All industries : $46.37 billion (7.7%) - IT industry : $14.5 billion (11.4%) Imports - All industries : $41.45 billion (0.8%) - IT industry : $6.36 billion (2.6%) Trade balance - All industries : $4.92 billion - IT industry : $8.13 billion ○ First Eight Months Exports - All industries : $368.77 billion (1.7%) - IT industry : $109.78 billion (10.8%) Imports - All industries : $341.37 billion (-1.7%) - IT industry : $52.33 billion (3.5%) Trade balance - All industries : $27.4 billion - IT industry : $57.46 billion 2012 ○ August Exports - All industries : $43.05 billion (-6.0%) - IT industry : $13.02 billion (0.0%) Imports - All industries : $41.12 billion (-9.4%) - IT industry : $6.2 billion (-12.7%) Trade balance - All industries : $1.93 billion - IT industry : $6.82 billion ○ First Eight Months Exports - All industries : $362.69 billion (-1.5%) - IT industry : $99.04 billion (-4.2%) Imports - All industries : $347.19 billion (-0.2%) - IT industry : $50.55 billion (-7.1%) Trade balance - All industries : $15.49 billion - IT industry : $48.49 billion Exports gained 11.4 percent year on year to $14.5 billion, sustaining an upward trend for the twelfth consecutive month. Most notably, exports of mobile phones, semiconductors and televisions grew more than 20 percent from the previous year. Brisk sales of smartphones and components boosted outbound shipments of mobile phones. Exports of semiconductors continued to see growth for the eleventh month in a row reaching a record value of $4.99 billion. Outbound shipments of televisions jumped 40.7 percent to $880 million on the back of robust sales of premium products such as smart TVs. Demand for ultra-high definition (UHD) TVs introduced in June also contributed to this gain. However, exports of display panels along with computers and related devices continued to show negative growth. ○ Value of Exports - Mobile Phones : $1.95 billion - Household Devices : $400 million - Semiconductors : $4.99 billion - Display Panels : $2.47 billion - Computers and Related Devices : $580 million - Televisions : $880 million ○ Year-on-Year Growth - Mobile Phones : 28.5% - Household Devices : 6.4% - Semiconductors : 22.0% - Display Panels : -12.7% - Computers and Related Devices : -17.7% - Televisions : 40.7% ○ Value of Exports - China : $7.44 billion - Japan : $550 million - United States : $1.36 billion - European Union : $1.13 billion - ASEAN : $1.84 billion - Oceania : $70 million - Latin America : $900 million - Middle East : $300 million ○ Year-on-Year Growth - China : 9.6% - Japan : -15.0% - United States : 32.0% - European Union : -3.1% - ASEAN : 28.4% - Oceania : -12.1% - Latin America : 21.8% - Middle East : -7.2% Meanwhile, IT imports rose 2.6 percent from a year earlier to $6.36 billion. While demand for semiconductors, computers and related devices, printed circuit boards and mobile phones strengthened, imports of flat display panels decreased. Although imports from Japan, th date2013-09-12
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Car Sales Figures for August
Car Sales Figures for August Car Sales Figures for August The Ministry of Trade, Industry and Energy has released its car sales figures for August. The nation’s car production rose 44.3 percent year on year to 342,624 vehicles due to a low base effect. As consumer confidence improved, the number of vehicles sold on the domestic market climbed 29.4 percent to 125,044 vehicles. Led by strong marketing efforts and the introduction of new models, sales of domestic cars surged 29.0 percent. Th date2013-09-12
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Trade Figures for August
The Ministry of Trade, Industry and Energy has released its trade figures for August. The nation posted a $4.92 billion trade surplus, marking the 19th straight month in the black as export growth continued to show signs of recovery. 2012 ○ August - Exports : $43.05 billion (-6.0%) - Imports : $41.12 billion (-9.4%) - Trade Balance : $1.93 billion 2013 ○ July - Exports : $45.84 billion (2.6%) - Imports : $43.3 billion (3.2%) - Trade Balance : $2.54 billion ○ August - Exports : $46.37 billion (7.7%) - Imports :$41.45 billion (0.8%) - Trade Balance : $4.92 billion ○ First eight months - Exports : $368.77 billion (1.7%) - Imports : $341.37 billion (-1.7%) - Trade Balance : $27.4 billion - Year-on-year growth rates shown in parentheses. - Figures for August are based on tentative customs clearance data. ○ Value - Ships : $3.54 billion - Wireless Communications Devices : $2.19 billion - General Machinery : $3.38 billion - Petrochemicals : $4.21 billion - Steel : $2.71 billion - Semiconductors : $5.0 billion - Automobiles : $3.63 billion - Petroleum Products : $4.57 billion - LCD Devices : $2.17 billion - Textiles : $1.21 billion - Household Appliances : $1.45 billion - Automobile Parts : $2.1 billion - Computers : $680 million ○ Growth Rate - Ships : 26.2% - Wireless Communications Devices : 25.9% - General Machinery : -5.9% - Petrochemicals : 12.1% - Steel : -5.9% - Semiconductors : 22.1% - Automobiles : 43.9% - Petroleum Products : -6.9% - LCD Devices : -12.9% - Textiles : -4.2% - Household Appliances : 26.0% - Automobile Parts : 8.3% - Computers : -8.7% - The above figures are based on customs clearance data for the first 20 days of August and as such are only tentative. Exports to Key Trading Partners for August ○ Growth Rate - China : 14.5% - United States : 12.6% - Japan : -13.2% - European Union : 0.9% - ASEAN : 17.8% - Middle East : -8.7% - Latin America : 33.5% - Oceania : 122.2% ○ Percentage of All Exports - China : 28.5% - United States : 9.7% - Japan : 6.0% - European Union : 8.0% - ASEAN : 14.7% - Middle East : 4.0% - Latin America : 6.6% - Oceania : 5.7% <p class=" date2013-09-03
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Retail Sales Figures for July
○ Percentage of Total Sales - Household appliances and cultural goods : 12.7% - Apparel : 7.4% - Household goods : 18.9% - Sporting goods : 4.7% - General goods : 4.4% - Food : 52.0% ○ Growth Rate - Household appliances and cultural goods : -1.2% - Apparel : -8.8% - Household goods : -4.3% - Sporting goods : -6.8% - General goods : -7.0% - Food : -4.6% ○ Percentage of Total Sales - General goods : 21.3% - Women’s suits : 8.7% - Women’s casual wear : 12.6% - Men’s clothing : 6.8% - Children’s goods and sporting goods : 13.0% - Household goods : 10.4% - Luxury goods : 11.9% - Food : 15.3% ○ Growth Rate - General goods : -3.8% - Women’s suits : -4.8% - Women’s casual wear : -2.4% - Men’s clothing : -7.8% - Children’s goods and sporting goods : -0.7% - Household goods : 4.2% - Luxury goods : 1.4% - Food : 5.9% ○ Percentage of Total Sales - Household goods : 3.8% - General goods : 3.4% - Others : 37.2% - Food : 55.6% ○ Growth Rate - Household goods : 13.0% - General goods : -0.1% - Others : 7.7% - Food : 8.9% - Others include tobacco products. Sales Performance of Major Super Supermarket (SSM) Chains ○ Percentage of Total Sales - Daily necessities : 9.7% - General goods : 4.7% - Food : 85.6% ○ Growth Rate - Daily necessities : -2.7% - General goods : -9.7% - Food : -3.6% - Daily necessities include detergent, toothpaste, cosmetics and feminine products. date2013-08-22
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Car Sales Figures for July
Car Sales Figures for July The Ministry of Trade, Industry and Energy has released its car sales figures for July. The nation’s car production declined 6.1 percent year on year to 334,139 vehicles due to partial strikes of auto workers. However the number of vehicles sold on the domestic market rose 5.8 percent to 140,642 vehicles thanks to the introduction of new models by domestic auto makers and brisk sales of imported cars. Even amid unfavorable economic conditions, new models and str date2013-08-12