Foreign trade in South Korea depends on the continued growth. A growth that was favored from the year 2011 when the free trade agreement was signed by the European Union and South Korea .
This important agreement facilitated our exports and imports with Spain and the Spanish investment in our country. In consequence, Korea is the 3rd destination of Spanish exports in Asia. China and Japan is in the first and second position.
Although the negotiations are still early, we can already see a market in a mature state and with a stable and consolidated foreign trade. Exports during this first 8 months of 2017 amounted to € 1,334 million compared to € 998 million in imports, with a favorable trade surplus for us.
Which products are important to export to Spain?
• Automotive equipment, components and accessories.
• Automobiles.
• Raw materials and plastic semi-manufactures.
• Foundry and steel products.
• Organic Chemistry.
• Telecommunications equipment.
• Fabrics for clothing.
• Electric material.
What can we import from Spain?
• Automobiles.
• Natural Gas and Fuel.
• Pork Meat.
• Slags and ashes.
• Raw materials and plastic semi-manufactures.
• Pharmachemistry.
• Automotive equipment, components and accessories.
• Women's clothing.
• Organic Chemistry.
• Olive oil.
We can see that South Korea has an attractive potential for Spanish companies in the luxury goods as well as automobiles, natural gas, pork, olive oils, wines and fashion.
Lamaignere as international logistic operator, we have an extensive experience in international markets working in consonance with both countries, providing support and international service to exporting and importing companies with presence in Korea and Spain. In addition, we can experience in the aeronautics sector. A particular market which special attentio.
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