Also shown is each import countryâs percentage of total Japanese exports. Exports to South Korea in Japan decreased to 401920 JPY Million in November from 416117 JPY Million in October of 2020. The trade minister, Sung Yun-mo, said the government in Seoul planned to file a WTO complaint. South Korea's trade ministry said Monday it will "sternly" deal with the Japanese move, calling it an "unjust" action that violates rules of the World Trade Organization. Japan has approved the export of a hi-tech material to South Korea for the first time since imposing tighter curbs last month, but also doubled down on political pressure and warned it ⦠TOKYO (AP) â Japan is imposing restrictions on exports to South Korea, citing a decline in ârelations of international trustâ between the Asian neighbors. This page includes a chart with historical data for South Korea Exports to Japan. In a landmark ruling in October, South Korea's top court ordered Nippon Steel & Sumitomo Metal Corp. to pay 100 million won ($88,000) each to four plaintiffs forced to work for the company when Japan colonized the Korean Peninsula from 1910-45. TOKYO -- Japan is imposing restrictions on exports to South Korea, citing a decline in "relations of international trust" between the Asian neighbors. From the Editor On July 1, 2019, the Ministry of Economy, Trade, and Industry of Japan, citing national security concerns, announced new export licensing policies and procedures on the export and transfer of controlled items and their relevant technologies to the Republic of Korea (ROK). The Trading Economics Application Programming Interface (API) provides direct access to our data. This page includes a chart with historical data for Japan Exports to Korea. Japan made good on its threat to curb technology exports to South Korea on Thursday, a move expected to deal a major blow to South Korean manufacturers amid a diplomatic row over wartime labor. November was a huge month for exports to South Korea, with beef exports reaching 16,600 tonnes swt, the largest total for South Korea since August 2018. South Korean technology companies including Samsung Electronics and SK Hynix say they are assessing how the Japanese import restrictions could possibly impact their business. Turn on desktop notifications for breaking stories about interest? Japanese beer exports to South Korea hit zero last month amid boycotts sparked by a simmering trade row between the Asian neighbours. On August 29th, Japan approved the first export materials since South Korea's removal from the most-favoured trade status. South Koreaâs export economy is the fifth largest and the sixth most complex economy in the world. Exports to Japan in South Korea averaged 2279040.49 USD THO from 2014 until 2020, reaching an all time high of 2995353 USD THO in July of 2014 and a record low of 1696410 USD THO in February of 2016. Japan has run a perennial trade surplus with South Korea, at $20.3 billion in 2018, with parts, chemicals and other materials and equipment accounting for about $15 billion of ⦠Japanese government officials have also rejected the ruling. The trade tensions developing between the Asian neighbors seem to undermine the message of free and open trade that leaders endorsed at the Group of 20 summit in Osaka last week. But the Japanese ministry said the latest move comes after overtures to patch up relations with South Korea failed at the Group of 20 summit in Osaka last week. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Other exports affected by Tokyo's decision are what is called "resist" for making semiconductors and hydrogen fluoride used for semiconductors, pharmaceuticals and polymers, including nylon and Teflon. Japan's longtime position is that all historical compensation issues were settled when Tokyo and Seoul signed a treaty in 1965 that restored diplomatic ties. "It is not a retaliatory measure," Deputy Chief Cabinet Secretary Yasutoshi Nishimura said, noting the measure came about because of overall difficulties in "maintaining a relationship of trust with South Korea in carrying out export controls. Exports to South Korea in Japan averaged 444219.85 JPY Million from 2014 until 2020, reaching an all time high of 565821 JPY Million in March of 2017 and a record low of 329224 JPY Million in May of 2020. But relations have soured since South Korea's Supreme Court ordered the seizure of local assets of a Japanese company after it refused to compensate forced laborers during World War II. The Japanese government has reversed curbs on exports of photoresists to South Korea, one of three technology materials which it had restricted since July, a Trade Ministry official said on Friday. Earlier this month, Japan restricted exports of three chemicals vital to South Koreaâs electronics industry, citing national security concerns. South Koreaâs exports increased at an annualized rate of ⦠U.S. exports to Korea, South account for 3% of overall U.S. exports in 2019. The new restrictions apply to three materials -- fluorinated polyimide, resist and hydrogen fluoride -- ⦠Overview: In September 2020 South Korea exported $48B and imported $39.3B, resulting in a positive trade balance of $8.7B.Between September 2019 and September 2020 the exports of South Korea have increased by $3.41B (7.64%) from $44.6B to $48B, while imports increased by $607M (1.57%) from $38.7B to $39.3B. Japan has approved the first exports of sensitive materials to South Korea since a trade dispute began last month, but at the same time warned that it ⦠JapanâSouth Korea relations refers to the bilateral relations between Japan and South Korea. There is a shipment of a Hydrogen fluoride, whose the materials exported for the first time since Japan tightened its exports. South Korea "thinks this Japanese measure is regrettable," Park Tae-sung, a senior official at the Ministry of Trade, Industry and Energy, told reporters in South Korea. Japan vs. South Korea; Economy; Compare vs for Submit. The statement did not say what exactly was behind the decision. Publish your articles and forecasts in our website. U.S. exports to Korea, South are up 30.1% from 2011 (pre-FTA). But Japan refused to confirm the export. Definitions. 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