South Korea’s trade deficit with China in 2023, the first in 30 years, reflects a shift in their trade relationship. China is less reliant on South Korean exports.
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 heightened […]
Source : South Korea’s Deepening Import Ties With Mainland China Contrast Its Export Decline