According to statistics released by the Korea Ministry of Industry and Energy on the 9th, the amount of overseas contract orders received by South Korea in the first half of 2006 reached 10.8 billion U.S. dollars, an increase of 35% over the same period of last year.
Among these orders, the highest amount of contract was for marine equipment orders, amounting to 4.9 billion U.S. dollars. Followed by petrochemical equipment and manufacturing equipment, the contract amount was 2 billion U.S. dollars and 1.5 billion U.S. dollars respectively.
From a regional point of view, Europe has the highest contracted amount of equipment imported from South Korea, reaching US$3.7 billion; followed by the Middle East (3.1 billion U.S. dollars), the Americas (1.7 billion U.S. dollars), Africa (1.4 billion U.S. dollars), and Asia (9 billion U.S. dollars). ).
The Ministry of Industry and Resources believes that South Korea's overseas orders for complete sets of equipment have increased significantly because of the indirect impact of high international oil prices. Oil-producing countries have increased their demand for marine equipment and petrochemical equipment due to the expansion of oil and gas field development and increased infrastructure construction.
Officials from the Ministry of Industry and Resources predicted that South Korea's total overseas orders for complete sets of equipment are expected to remain around US$10 billion in the second half of the year.
Among these orders, the highest amount of contract was for marine equipment orders, amounting to 4.9 billion U.S. dollars. Followed by petrochemical equipment and manufacturing equipment, the contract amount was 2 billion U.S. dollars and 1.5 billion U.S. dollars respectively.
From a regional point of view, Europe has the highest contracted amount of equipment imported from South Korea, reaching US$3.7 billion; followed by the Middle East (3.1 billion U.S. dollars), the Americas (1.7 billion U.S. dollars), Africa (1.4 billion U.S. dollars), and Asia (9 billion U.S. dollars). ).
The Ministry of Industry and Resources believes that South Korea's overseas orders for complete sets of equipment have increased significantly because of the indirect impact of high international oil prices. Oil-producing countries have increased their demand for marine equipment and petrochemical equipment due to the expansion of oil and gas field development and increased infrastructure construction.
Officials from the Ministry of Industry and Resources predicted that South Korea's total overseas orders for complete sets of equipment are expected to remain around US$10 billion in the second half of the year.
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