Chungnam's Exports Recorded 13.8 Billion Dollars During the First Quarter of 2011,
2011.10.19(수) | CNnews ( chungnamdo@korea.kr)
In spite of the developments in Libya and the Great East Japan Earthquake in early 2011, Chungnam's exports made a huge increase. According to the provincial office's report, Chungnam's total exports during the first quarter (January to March) recorded 13.829 billion dollars, which is 2.115 billion dollars (18.1%) more than the 11.714 billion dollars from the same period of the previous year. Its trade surplus in particular amounted to 6.267 billion dollars, which is 299 million dollars more than the 5.968 billion dollars from the same period of the previous year.
Major Export Items and Markets
Chungnam's major export items include the following: ▲ semiconductors, which account for 30% of its total exports and recorded 4.268 billion dollars during the first quarter of 2011, which increased by 28.2% from the same period of the previous year; ▲ flat panel displays, whose exports amounted to 3.595 billion dollars, which decreased by 7.5% from the same period of the previous year; ▲ petroleum products increased by 60.5% to 835 million dollars; ▲ computers increased by 15.2% to 542 million dollars; ▲ synthetic resins increased by 18.6% to 532 million dollars; ▲ petrochemical intermediate materials increased by 12.8% to 434 million dollars; and ▲ automobiles increased by 105.1% to 413 million dollars.
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A world-class chemical corporation, Dow Chemical of the United States decided to build another plant for producing high-tech materials in Cheonan, Chungnam Province.
Mr. An Heejung, Provincial Governor of Chungnam, signed an investment MOU with Mr. Jerome A. Peribere, Chairman of Dow Chemical, at the headquarters of Dow Chemical in Philadelphia, United States.
Chungnam Holding a Special Trade Show in L.A. for Its Cultural Products
Chungnam made sales worth 385,000 dollars at “Special Exhibition and Trade Show for Chungnam’s High-Quality Cultural Products 2011” held in the United States. In addition to the sales, it also provided export counseling worth 1,450,000 dollars, thus further raising future export possibilities.
Chungnam's Trade Mission to North America Concluding 350,000-Dollar Export Contracts
Chungnam’s “Trade Mission to North America” was dispatched to the United States on March 28, 2011 to enter its niche markets and concluded export contracts worth 350,000 dollars.
Five small- and medium-sized companies each specializing in ultrasound obesity treatment, interior textiles, medicine, beauty products, and upscale package boxes joined the mission and explored their export possibility in talks with local buyers in Vancouver, Canada and New York, United States.