Top China Trade Product Opportunities For South Korea
China's greatest trade product losses to South Korea during 2014 were for the products in the accompanying list. The People's Republic racked up an -US$89.9 billion deficit in its trade with South Korea in 2014, up 10.9% from 2012.
Electronic equipment
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Integrated circuits/microassemblies:-$45.1 billion
2. TV receive/transmit/digital cameras: -$1.9 billion
3. Printed circuits: -$1.8 billion
4. Solar power diodes/transistors: -$977.8 million
5. Wwitches, protectors, connectors: -$961.8 million
6. Electric storage batteries: -$956 million
7. TV/radio/radar device parts: -$603.5 million
8. Unrecorded sound media: -$414.2 million
9. Circuit parts, fuses, switches: -$189.2 million
10. Electric ignition/start equipment: -$188.2 million
Medical, technical equipment
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Liquid crystal/optical devices: -$15.1 billion
2. Optical fiber cables, sheets, plates: -$1.6 billion
3. Other measuring/test machines: -$784.4 million
4. Regulate/control instruments: -$283.7 million
5. Oscilloscopes, spectrum analysis: -$196 million
6. Lenses, prisms, mirrors: -$147.2 million
7. Physical/chemical analysis tools: -$116.4 million
8. Cardiographs/xray equipment: -$99.3 million
9. Speed/distance meters: -$69.6 million
10. Orthopedic appliances: -$35.3 million
Organic chemicals
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Cyclic hydrocarbons: -$7.7 billion
2. Acyclic hydrocarbons: -$3.1 billion
3. Polycarboxylic acids: -$809 million
4. Acyclic alcohols: -$558.8 million
5. Phenols/phenol-alcohols: -$331.4 million
6. Nitrile-function compounds: -$297.3 million
7. Other nitrogen compounds: -$136.6 million
8. Ketones, quinones: -$83 million
9. Ethers: -$41.1 million
10. Epoxides: -$16.2 million
Plastics
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Ethylene polymers: -$2.2 billion
2. Propylene/olefin polymers: -$2.1 billion
3. Styrene polymers: -$1.7 billion
4. Plates, sheets, film, tape: -$1.4 billion
5. Polyacetal/ether/carbonates: -$1.3 billion
6. Self-adhesive plastic in rolls: -$717.3 million
7. Acrylic polymers: -$367.7 million
8. Other plates, sheets, film, tape: -$232.6 million
9. Plastics waste, scrap: -$172.8 million
10. Amino-resins: -$171.8 million
Gems, precious metals, coins
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Precious stones (unstrung): -$10.4 billion
2. Silver (unwrought): -$35.6 million
3. Synthetic precious stones: -$22.6 million
4. Other precious metal items: -$16.7 million
5. Pearl/precious stone items: -$2.6 million
6. Platinum (unwrought): -$2.6 million
7. Goldsmith/silversmith wares: -$49,000
8. Diamonds (unmounted/unset): -$33,000
9. Silver-clad base metals: -$31,000
Machinery
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Computer parts, accessories: -$2.5 billion
2. Semi-conductor machinery: -$2.1 billion
3. Miscellaneous machinery: -$1.1 billion
4. Engines (diesel): -$604 million
5. Moulding boxes/base: -$366.2 million
6. Piston engine parts: -$309.3 million
7. Centrifuges, filters, purifiers: -$305.3 million
8. Transmission gears, clutches: -$282.2 million
9. Heavy machinery (bulldozers): -$271.8 million
10. Machine-tool for metal: -$210.6 million
Oil
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Other petroleum oils: -$3.8 billion
2. Petroleum bitumen: -$1.6 billion
3. Light petroleum oils: -$1.1 billion
4. Aromatic hydrocarbon mixes: -$686.3 million
5. Xylole: -$430.1 million
6. High-temp distilled coal tar: -$145.2 million
7. Liquified ethylene/butylene: -$80.2 million
8. Liquified propane: -$69 million
9. Mineral waxes: -$3.9 million
10. Pitch: -$329,000
Vehicles
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Automobile parts/accessories: -$2.8 billion
2. Cars: -$1.8 billion
3. Chassis fitted with engine: -$2.8 million
4. Automobile bodies: -$1.5 million
Copper
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Refined copper, unwrought alloys: -$320 million
2. Plates, sheets, strips: -$212.5 million
3. Waste, scrap: -$185.2 million
4. Foil: -$170.5 million
5. Bars, rods: -$143.4 million
6. Uninsulated copper wire, cables: -$87 million
7. Wire: -$81.7 million
8. Other copper items: -$40.6 million
9. Copper-head nails, tacks: -$7.4 million
10. Mattes, cement copper: -$5.4 million
Rubber
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Synthetic rubber: -$697.4 million
2. Vulcanized rubber items: -$153.9 million
3. Vulcanized rubber tubes, pipes: -$65.4 million
4. Unvulcanized compound rubber: -$44.3 million
5. Vulcanized rubber plates, sheets: -$19.8 million
6. Other unvulcanized rubber items: -$978,000
7. Hard rubber: -$831,000
Raw hides excluding furskins
The products below earned the greatest subcategory deficits for China versus South Korea.
1. Other animal leather: -$414.8 million
2. Bovine/equine leather: -$34.3 million
3. Chamois leather: -$26.7 million
4. Sheep/lamb leather: -$22.8 million
5. Further-prepared leather: -$4.8 million
6. Composition leather: -$449,000
7. Goat/kidskin leather: -$412,000
Fastest-Growing Chinese Trade Product Deficits Versus South Korea 2014
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis
