South Korea Grows Slowly in Aluminium Profile Exports in 2017
South Korea is an emerging developing country. It includes six maior cities, Seoul, Busan, Daegu, Inchon and Ulsan. Seoul is the capital of South Korea and it is the biggest city in South Korea. It is the 7th largest export economy in the world, exported $479 billion worth of products in 2016. Its exports cut down at an annualized rate of -6.156% during the last five year years.
South Korea exported 262 tonnes of aluminium profile in October to China, one of the major trade partners. According to the latest data showed by China General Customs, South Korea exported 1,641 tonnes of aluminium profile during January- October 2017, an increase of 20 %.
South Korea exported an estimated 20794 tonnes of aluminium profile in 2015. The amount increased to 28737 tonnes in 2016. The country is estimated to increase its export of alumina of about 29828 tonnes in 2017.
The total estimated export revenue stood at USD 28.4 million in 2015. South Korea’s revenue stood at about USD 27.9 million in 2016. The total revenue from export of alumina by South Korea is also estimated to increase in 2017. The country is forecasted to generate revenue of about USD 29.8 million this year.
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