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02. Trade Landscape. Trade Volume Relatively Low Compared With Huge Potential. Korea Exports to Colombia Korea Imports From Colombia Trade Volume. Two - Way Trade Reached US$ 1.9 Bil . in 2012.
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02. Trade Landscape • Trade Volume Relatively Low Compared With Huge Potential Korea Exports to Colombia Korea Imports From Colombia Trade Volume • Two - Way Trade Reached US$ 1.9 Bil. in 2012 • Korea became 7th largest import source for Colombia, ahead of Japan, January – April period of 2013 Two-Way Trade Trend Export Snapshot (Jan.-April 2013) 2009 2010 2011 2012 (Unit: US$ Million) Colombian Exports to Korea: 74 Colombian Imports from Korea:545 Source: Korea International Trade Association (KITA)
02. Trade Landscape • Seeking Diversity in Parallel With Complementarity • Automotive Products Account for 50% of Colombia's Imports From Korea • Coffee & Ferro Alloys Take Lion's Share of Colombia's Exports to Korea Top 10 Trade Items Between Korea & Colombia Korean Exports to Colombia Korean Imports From Colombia (Unit: US$ Mil.) (Unit: US$ Mil.) Source: Korea International Trade Association (KITA) Source: Korea International Trade Association (KITA)
03. Investment Landscape • Moving Into Upward Curb With Bright Future Prospect • Korean FDI hits US$170 Mil. in Colombia in 2012 • Colombia is one of the 20 host economies for FDI in the world with US$16 billion in 2012 • The number of Korean FDI cases reached 23 in 2012, almost quarter of 2006-2012 period Colombian Investment in Korea Korean Investment Trends in Colombia 2006 2007 2008 2009 2010 2011 2012 (As of Dec. 31, 2012, on Accumulated Basis) (Unit: US$ Mil.) ??? ??? 범례가 빠져있습니다 US$6.1 Billion (All in service area) Source: Ministry of Planning and Investment
03. Investment Landscape • Both Korean Conlomerates & SMEs Eye on Discovery of Success in Colombia • Samsung Electronics, LG Electronics, Daewoo Int'l, Hyundai Corp, etc. Korea FDI in Colombia by Sector 0.9% 0.1% 0.1% 0.2% 1.2% (As of March 2013, Declaration Basis) (Unit: US$1000, Case) 0.1% 8.4% 0.01% 9.6% Manufacturing 258,740 (55.2%) Mining 113,857 (24.3%) Wholesale & Retail 44,953 (9.6%) Electricity, Gas, Vapor & Water 39,500 (8.4%) Business Facility Management & Business Support Services 5,639 (1.2%) Publication, Video, Broadcasting/Communication & Info Service 4,205 (0.9%) Transportation 952 (0.2%) Construction 502 (0.1%) Arts, Sports & Leisure-Related Services 100 (0.1%) Agriculture, Forestry & Fisheries 98 (0.1%) Professional, Scientific & Technology Services 5 (0.01%) Total 468,552 ( 100%) 24.3% 55.2%