Issues & Answers
KORUS FTA TRADE FIGURES
One Year Trade Statistics of KORUS FTA
General Overview (Korea Customs Service)
Since implementation of the KORUS FTA, the U.S. export and import growth rates with Korea, on products for which the FTA reduced tariffs, are greater, showing the benefits of the KORUS FTA.
- Both U.S. exports to Korea and U.S. imports from Korea increased for FTA beneficiary items, while the opposite trend was observed for FTA non-beneficiary items.
Key Trade Statistics: Korea-U.S.
| March 15, 2012 – February 28, 2013 | |
|---|---|
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U.S. Exports to Korea |
$39.9 billion (-9.1%) |
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Korea Exports to the U.S. |
$57 billion (+1.4%) |
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Korea-U.S. Total Trade Volume |
$96.9 billion (-3.2%) |
*Year-on-year growth rates shown in parentheses
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