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Trends of Import and Export by Each Continent in Korea and Plans to Increase Exports

한국의 각 대륙별 수출입 동향과 수출 증대방안

  • Choi, Soo-Ho
  • 최수호
  • Received : 2018.09.11
  • Accepted : 2018.10.01
  • Published : 2018.11.28

Abstract

The purpose of this study is to examine the trends of import and export of Korea by each continent and to find ways to increase export to Korea in the future. Each continent selected Asia, Europe, North America, Central and South America, and the Middle East. The analysis period was 220 months from January 2000 to April 2018, and data were collected from the KCS. Regression analysis showed that the coefficient was higher in Asia, Europe, North America, Middle East and Latin America. The markets of each continent moved independently of each other and were statistically significant at t statistic and p-value(${\leq}0.01$). As a result of this study, Asia and North America have been major export markets in Korea. Europe, the Middle East and Central and South America are emerging as new markets in Korea. In order to increase Korea's exports in the future, there is a need for continued interest in Asian markets including China & Southeast Asia.

Keywords

Import & Expoer Trend;Asia;North America;Europe;Central & South America;Middle East

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