Not simple! In 2018, South Korea ranked 5th in the world in added value of manufacturing, second only to China, the United States, Japan and Germany

2020-07-30 06:55:12 0 Comment 1344 views
abstract

The total GDP of South Korea last year was approximately US$1.619 trillion, ranking 12th in the world. However, the added value of its manufacturing i

It is reported that the total GDP of South Korea last year was approximately US$1.619 trillion, ranking 12th in the world. However, the added value of its manufacturing industry is as high as 440.94 billion U.S. dollars (approximately 27.2% of GDP), ranking fifth after China, the United States, Japan, and Germany in the world.

Not simple! In 2018, South Korea ranked 5th in the world in added value of manufacturing, second only to China, the United States, Japan and Germany

The picture above shows World BankAccording to the published data on the added value of the manufacturing industry of various countries, we can see that South Korea’s manufacturing value added in 2018 was higher than that of India (approximately US$408.69 billion), Italy (US$310.9 billion), France (US$273.97 billion), and the United Kingdom. (251.99 billion US dollars) and other countries are even higher.

South Korea is already a global manufacturing country

Although South Korea has a small land area and a mediocre population (only over 50 million), it is However, it has quite high strength. It owns many well-known companies such as Samsung, LG, Hyundai, SK Group, Hanjin Group, and Pohang Steel. It has very strong competitiveness in the electronics industry, semiconductor industry, shipbuilding, automobiles, power batteries and other fields.

Not simple! In 2018, South Korea ranked 5th in the world in added value of manufacturing, second only to China, the United States, Japan and Germany

Take semiconductors as an example. In 2017, Samsung ended Intel’s 25-year dominance and became the world’s largest semiconductor company. At the same time, it defeated Apple and became the world’s most profitable technology company. Another South Korean storage manufacturer, SK Hynix, performed equally well and has market share. The rate is also among the top in the world.

In terms of shipbuilding, South Korea has always competed with China for the first place. Although China “wins more and loses less”, in the field of high-end ships such as LNG,South Korea has always occupied an absolute leading position. In the short term, China's competitiveness will be lower than South Korea in the quarter.

There are also power batteries. When semiconductors have reached a bottleneck and the growth potential is low, South Korea has tapped a new economic growth point, that is, power batteries. According to statistics, in 2018, the three major battery manufacturers in South Korea, LG Chem, Samsung SDI, and SKInnovation, won a total of 110 trillion won in new orders worldwide, which has exceeded the annual export value of semiconductors.

Not simple! In 2018, South Korea ranked 5th in the world in added value of manufacturing, second only to China, the United States, Japan and Germany

I will not list them one by one. In short, South Korea’s manufacturing industry has already occupied the world Its strength cannot be underestimated.

China’s manufacturing value added is No. 1 in the world

Although the World Bank has not officially announced the 2018 US , Japan’s manufacturing value added, but based on past data, it will still be lower than China's-In 2018, China’s manufacturing value added has exceeded 4 trillion US dollars, and if nothing else, it will still exceed The United States and Japan.

Germany’s manufacturing value added is the fourth in the world, with approximately 832.44 billion U.S. dollars in 2018, still leading South Korea by a large margin, and its fourth place is very stable. , NetizensHow to treat it? This article is written by [Nan Sheng Jin Shi Shuo], please do not reprint without authorization.

avatar