Red sign to exports from the first month of 2001 in Inchon

Throughput of exports through the Port of Inchon during January 2001 is estimated to decrease by 15% to $763.84 million.

Inchon Customs Service revealed Feb. 12 that export cargoes fell by 34% to $167.06 million over the same period of last year, in part influenced by Daewoo Motor shutdown in Pupyoung. By item, chemical products decreased by 20 percent to $25.75 million, steel was down by 19 percent to $67.23 million, electronics were down by 17 percent to $194.04 million, and machinery decreased by 2 percent to $81.40 million.

Imports also shrank by 14 percent, estimated at $10.76 billion lower than the same period of last year.

By item, sea products imported from China and Vietnam increased by 14 percent to $138.8 million, and textiles and garments were up 3 percent, reaching $412.2 million. On the other hand, timber decreased to $158 million, steel to $616.2 million, and machinery to $543.2 million, ranging from a 28 to 44 percent decrease due to the influence of domestic industry operation ratios falling.