[Graphic News] Mixed outlook for major exports in 2015
By Korea HeraldPublished : April 29, 2015 - 19:20
Boosted by new smartphones unveiled by Samsung and LG, the semiconductor and LCD industry is expected to see increased exports this year, having received the highest forecast score of 133.3. A score of over 100 signifies a positive export outlook for 2015.
On the other hand, the oil refining industry is expected to see the biggest decline in 2015, with the lowest score of 75.0.
Overseas competition, fluctuating exchange rates and low crude oil prices are key reasons for the industry’s low export outlook, according to industry officials.
Similarly, exports of Korean cars, steel and ships are forecast to drop this year with the automobile, steel and shipbuilding industries all scoring below 100 points, signifying a negative export outlook for the year.
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Articles by Korea Herald