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OH-12th Trade and Exports to Korea

The document summarizes trade data between Ohio's 12th district and South Korea in 2016. It shows that the top exports from Ohio to Korea were navigational/measuring instruments ($5.3M), other nonmetallic minerals ($4.2M), and other general purpose machinery ($2.9M). The top service exports were travel ($7.4M) and industrial processes ($4.1M). Total Ohio exports to Korea were $35.3M in goods and $24.6M in services. Trade with Korea supported 354 Ohio jobs.

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Korea Economic Institute of America (KEI)
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134 views2 pages

OH-12th Trade and Exports to Korea

The document summarizes trade data between Ohio's 12th district and South Korea in 2016. It shows that the top exports from Ohio to Korea were navigational/measuring instruments ($5.3M), other nonmetallic minerals ($4.2M), and other general purpose machinery ($2.9M). The top service exports were travel ($7.4M) and industrial processes ($4.1M). Total Ohio exports to Korea were $35.3M in goods and $24.6M in services. Trade with Korea supported 354 Ohio jobs.

Uploaded by

Korea Economic Institute of America (KEI)
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.

Top OH-12th Export of Goods to Korea in 2016

$6
$5.3
$5
$4.2
$4
Millions

$2.9 $2.7
$3
$2.4
$2

$1

$0
Navigational & Other Nonmetallic Other General Oilseeds & Grains Pharmaceuticals &
Meas. Instruments Minerals Purpose Machinery Medicines

Top OH-12th Service Exports to Korea in 2016

$8 $7.4
$7
$6
Millions

$5
$4.1
$4
$3 $2.1
$2 $1.7 $1.5
$1
$0
Travel Industrial Insurance Services Credit-Related Install, maint, &
Processes Services repair of equip

OH-12th Merchandise Exports to Korea: $35.3 million


OH-12th Service Exports to Korea: $24.6 million
OH-12th Jobs Related to Trade with Korea: 354
New FDI from South Korea since 2005: $9.5 million → 75 jobs
Number of Korean-Americans in OH-12th: 2,688
Historical Trend of Exports from OH-12th to Korea

$90

$80
$55.1
$52.2
$70
$45.3
$60 $40.9
$35.3
$37.9
$50
Millions

$34.3

$40

$30

$20 $23.9 $23.2 $24.6


$22.9
$21.0
$18.0
$16.0
$10

$0
2010 2011 2012 2013 2014 2015 2016

Services Goods

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