South Korea's Deepening Import Ties With Mainland China Contrast Its Export Decline
Operational Risk / South Korea / Fri 29 Mar, 2024
Key View
- South Korea's 2023 trade deficit with Mainland China, the first in 30 years, marks a historic shift in its trade relationship with its largest trading partner, culminating from a decade-long decline from a peak surplus in 2013.
- The changing trade patterns underscore China's decreased reliance on South Korean exports and South Korea's