Dynamics of Colombian Exports to South Korea 2010-2017

Abstract

This study describes the dynamics and evolution of the products marketed from Colombia to the South Korean market during the period 2010-2017. By way of introduction are highlighted the aspects related to Latin America´s strategy of insertion in Asia, the economic development of South Korea, the dynamism of Colombian exports, and a review of the commercial relations between these two countries in the context of an FTA. The quantitative study was carried out considering the data recorded in the DANE database, compared by chapter, HS code and year. Concerning the analysis, the first part was developed by reviewing the evolution according to the fluctuation of exports based on a trend graph and an exploration of the first and last year by a range of participation. In the second part, the dynamics of each one of the chapters have been described in detail. Conclusions reveal it is mainly evident that exports to Korea are concentrated mostly in the extractive industry and Coffee, and that after the first year of entry into force of the FTA, the implementation of the tariff reductions have not had the expected impact on Colombian exports.

Details

Presentation Type

Virtual Lightning Talk

Theme

Economy and Trade

KEYWORDS

South-Korea, FTA, Colombia

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