Korean Exports to Russia, Kazakhstan Rise

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Korean Exports to Russia, Kazakhstan Rise

 

October 7, 2004


Korea shipped more goods to Russia and Kazakhstan in the first half of this year compared to a year earlier, due to the surge in exporting of wireless devices, electronic goods and autos, according to the Korea International Trade Association on September 21. Compared to last year's first half, exports to Russia surged 54.2 percent to $1.26 billion, while those to Kazakhstan soared 49.4 percent to $158 million, said the Korea International Trade Association.

For product exports, autos, plastics and wireless equipment made up the majority of the exports to Russia, while exports to Kazakhstan, wireless devices and home appliances accounted for most shipments. "Exports to both countries will continue to rise," an official at the trade association said, adding that exports to both countries has been increasing steadily.

Last year, shipments to Russia were recorded at a high of 55.7 percent year-on-year to $1.66 billion last year, while exports to Kazakhstan soared 72.2 percent to $217 million.

"President Roh Moo-hyun's visit to the countries will help with trade," the official said.

 

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