[Graphic News] Korean products make up one-tenth of Chinese import market

Korean products’ market share in the Chinese imported goods market grew 1.7 percent in the past two years, data showed Sunday.

Just over one-tenth of imported products in China, worth $174.3 billion, came from Korea as of 2015, according to data from the Korea International Trade Association’s Institute for International Trade.

Korean products were strongest in the petrochemicals and flat-panel display markets, where they hold about one-third of the market share.

Between 2013 and 2015, the most notable increases in market share within the Chinese import market were for semiconductors, computers and flat-panel displays. The sharpest falls were seen in wireless telecommunications devices and ships.

China is the world’s single largest importer of Korean goods, accounting for nearly a quarter of Korea’s total outbound shipments. In 2015, Korea logged a current account surplus of $45.14 billion with the country.