"Export Korea-Japan War"...S. Korea chases Japan by $20.2 billion

Until November this year, the gap between Korea and Japan's exports reached the lowest level ever, and a hot "Korea-Japan export war" is underway.

The Korea International Trade Association's preliminary analysis of Japan's Ministry of Finance exports showed that the country's exports this year were $62.386 billion, trailing Japan by $22.12 billion.

In terms of exports to the world's top 10 exporters, we are closely trailing Japan, which is ranked fifth, ranking sixth, up two places from last year.

The Korea International Trade Association analyzed that the IT economy's recovery has increased exports of semiconductors and computers and increased demand for cosmetics and pharmaceuticals have contributed to narrowing the gap in exports.

However, it is predicted that downward pressure on exports is increasing due to the reverse base effect of auto exports, increased overseas production, and falling oil prices.