World NewsAsia & Pacific

South Korea’s Trade Deficit Has Lasted for a Year Due to China Trade Dependence

Save
South Korea’s Trade Deficit Has Lasted for a Year Due to China Trade Dependence
Stacked containers line a shipping port in Gwangyang, South Korea, on June 14, 2022. Kim Dong-ju/AP
Lisa Bian
Sean Tseng
Updated:

South Korea’s exports have been dragged down by China’s economic slowdown and import slump. The East Asian country has experienced a continuing trade deficit for over a year due to being heavily dependent on China for both imports and exports.

In the first two months of this year, South Korea’s trade deficit has nearly reached 40 percent of last year’s total deficit.

Lisa Bian, B.Med.Sc., is a healthcare professional holding a Bachelor's Degree in Medical Science. With a rich background, she has accrued over three years of hands-on experience as a Traditional Chinese Medicine physician. In addition to her clinical expertise, she serves as an accomplished writer based in Korea, providing valuable contributions to The Epoch Times. Her insightful pieces cover a range of topics, including integrative medicine, Korean society, culture, and international relations.
Related Topics