Quanzhou to Korea trade volume doubling year-on-year growth of 23.1% in the first half of footwear
June 1st of this year, China and South Korea FTA officially signed, the two sides more than 90% of the product into the zero tariff era after the transition period, is expected to break five years of trade size of 400000000000 U.S. dollars, which is good for our city exports.
In fact, China and South Korea FTA signed a first month, Quanzhou and South Korea's trade has been a significant change in heat. Quanzhou customs statistics data show that in June this year, the city of South Korea import and export volume of 2.91 billion yuan, year-on-year growth 1 times. Among them, exports 1.11 billion yuan, increased 49.5%; import 1.79 billion yuan, an increase of 1.54 times.
Quanzhou is a major textile shoes city, statistics show that this year half Quanzhou South Korean exports of goods mainly for textile and garment, footwear and other labor-intensive products, the value of 3.38 billion yuan, an increase of 23.1%, accounting for 53.7% of trading volume over the same period. China South Korea FTA tariff reduction, the cheap and inexpensive "made in Quanzhou" in South Korea more competitive advantage.
South Korea in terms of home appliances, automotive, high-tech products have obvious advantages, the product is well received by the consumers in Quanzhou. During the first half of this year, Quanzhou imports of South Korean products is mainly used in papermaking machinery and other mechanical and electrical products, the value of 2.16 billion yuan, accounting for 35% of the volume of trade over the same period.