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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (41071)	12/22/2000 8:50:03 AM
From: Proud_Infidel	Respond to of 70976

Korea's Export Growth of Industrial Products to Slow in 2001 December 22, 2000 (SEOUL) -- Due to worsening conditions in the global market, Korea's exports are expected to grow only slightly in 2001. The Bank of Korea reported on Dec. 19 that Korea's overall exports in 2001 will likely grow 8.1 percent to US$187.5 billion, while total imports will increase 12.2 percent to US$181.5 billion in 2001. A wider gap in the trading margin will make Korea's 2001 trade surplus just US$6 billion, or about half of an estimated US$11.6 billion in 2000. By item, electronics, machinery and precision equipment are expected to see double-digit export growth rates, while automobiles and various other goods are estimated to grow by single digits. On the other hand, exports by the country's steel and metal industries are projected to decline by 6 percent, with overseas sales of petrochemical products expected to stay unchanged. (1,217 won = US$1) (Maeil Business Newspaper, Korea)