Trade deficit US$29.2 billion until September, higher than Japan's import growth rate

Until September 20 of this year, the trade deficit was $29.213 billion, and securities companies estimated the average annual trade deficit this year to be $28.17 billion, a strong dollar trend, and the exchange rate was estimated at an average of 1422.7 won.
From September 1 to 20, exports amounted to 32.958 billion dollars, down 8.7% from the same period of the previous year, and imports were 37.63 billion dollars, an increase of 6.1%.
During this period, the average daily import amount increased by a whopping 18.3%, and the import growth rate exceeded the export growth rate for 16 consecutive months from June last year, resulting in an annual trade deficit of more than $30 billion. The highest in Russia was $20.624 billion in 1996 during the Asian financial crisis.
The total imports of crude oil (US$5.335 billion), gas (US$3.897 billion), and coal (US$1.296 billion), the three major energy sources, amounted to US$10.52 billion, 38.0% from US$7.627 billion in the same period last year. increased.
On the other hand, Japan, whose nuclear power plant was shut down due to the earthquake in 2014, totaled 10.8792 trillion yen in imports of crude oil and LNG in August, an increase of 49.9% compared to the same period of the previous year.
In Japan's energy imports, coal imports from Australia and other countries increased by three-and-a-half, LNG from 2.4 times and UAE crude oil by 90.3%.
Until August, Japan's total exports increased 22.1%, 8.619 trillion yen, but the growth rate of imports was low.
On the other hand, in Korea, the growth rate of imports is overwhelmingly higher than that of exports.
Japan's trade deficit is the result of a 49.9% increase in imports compared to the same month of the previous year due to a rise in energy prices and the impact of the yen, and Korea's import growth rate itself is too high compared to exports.
The trade deficit was in April (-2.482 billion USD), May (-1593 billion USD), June (2.501 billion USD), July (-577 billion USD), August ( -$9.487 billion) and accumulated $29.213 billion until September 20.
There has been no trade deficit for more than six consecutive months for over 25 years since January 1995 to May 1997.
Shares of Ford Motor Company plunged more than 12% on the 20th, and shares of its competitor GM fell 5.6%.
The U.S. saw its biggest one-day decline in a decade, shortly after reports from automakers that inflation-related costs would add $1 billion more than expected in the third quarter and delivery delays due to parts shortages.
Auto stocks fell as US analysts said automakers could take more time to recover from chip shortages, Reuters reported.
Gabriel Stern, an emerging market economist at Oxford Economics, told the Wall Street Journal on the 18th about the 'strong dollar', saying, "If the value of the dollar rises further, it will destroy the emerging economies that are barely holding on." When it fell nearly 30% against the dollar, the base rate was raised by 75% and Ghana was also raised by 22%, but the currency's value continued to decline. Europe raised interest rates by 0.75%, but it fell 12% from the beginning of this year due to the weak euro. .
Among emerging market currencies, the Egyptian pound fell 18%, the Hungarian forint fell by 20%, and the South African rand fell by 9.4%.

When the government soared to 1,399 won on the strong dollar buying trend at 13:00 on the 15th, the government released 1 trillion won (700 million dollars) and sharply dropped 8 won from 1,399 won to 1,391 won, which is a sign of repeating.

As of March, foreign inflows amounted to 222.54 trillion won invested in government bonds, special bonds, MSBs and corporate bonds, and the amount of investment in securities as of July was 629.9 trillion won, including 598.1 trillion won in the KOSPI and 31.8 trillion won in the KOSDAQ.

It is worth 852.44 trillion won.In times of crisis, if only 5% of the country is churned out, 42,622.4 billion won (US$30.4 billion) will disappear from the country.