In the aftermath of the testimony and the economic slowdown, the export industry economic outlook (BSI) darkened the export outlook for the fourth quarter, falling below 100 in the third consecutive quarter.
According to the Korea Trade Association (KIT, Chairman GU Jayson), the International Trade and Trade Research Institute was announced on the 5th, according to the BSI, which was announced on the 5th, the index fell 10 points from 94.4 in the third quarter, to 84.4.
BSI is an indicator of the prospects of companies next to the next quarter, and it is smaller than 100 if it is expected to be improved from the previous quarter based on 100.
The International Trade and Trade Research Institute estimates that the decline in BSI has contributed to the rise of interest rates, expansion of exchange rate volatility, and raw materials as raw materials rose.
By item, there were many respondents that the cost of export products (65.1), export target country (75.2), logistics and freight (79.3) environment would be worse in the fourth quarter. As a result, export profitability (85.6) is expected to deteriorate.
By item, exports of ships (149.9) and semiconductor 112.0 were expected to improve, but other items export conditions were negative.
Raw materials, oil prices, and major routes by major routes have fallen from the third quarter, resulting in a slight decrease in rising raw material prices (25.4%) and logistics costs (18.0%).
Meanwhile, with the intense inflation due to the Corona 19 Fan Derick and the Russian-Ukrainian war, the US has begun to tighten high intensity, and as the global economy is in a stagnant phase, the company’s export targets (14.9%) and the won’s exchange rate volatility (14.1 %) Increased difficulties.
The global economic downturn has worsened due to the global economic downturn, said Tae-hyun CHO, Director of the Korea Trade Association. It will be difficult to recover easily.