rade Will Double to $1 Trillion in 10 Years South Korea’s trade volume for this year is certain to surpass the $500 billion mark for the first time in history.
The Ministry of Commerce, Industry and Energy (MOCIE) projects the nation’s trade volume to double and reach $1 trillion within 10 years.
In a congratulatory message on the 42nd Trade Day, which is Wednesday, the country’s trade volume is about to pass $500 billion in a matter of days and is expected to end the year with Korea becoming the world’s 11th largest trading nation at $545 billion, $285 billion in exports and $260 billion in imports.
It took only 17 years for South Korea to post $500 billion in export-import volume, since it exceeded the $100 billion mark in 1988. The nation’s annual trade volume was $200 billion in 1995, $300 billion in 2000 and $400 billion in 2004.
# Koreatimes.
- Dec. 1, 2005
- By Kim Yon-se
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