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    Michigan - 12

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    Korea Economic Institute of America (KEI)
    The document summarizes trade data between Michigan's 12th district and South Korea in 2016. It shows that the top exports from Michigan's 12th district to South Korea were motor vehicles and motor vehicle parts, while the top service exports were education and travel. The total merchandise exports were $31.4 million and total service exports were $53.8 million. Trade with South Korea also supported 565 jobs in Michigan's 12th district and $226 million in foreign direct investment that created 1050 additional jobs. There were also 4,287 Korean-Americans living in the district.

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    Michigan - 12

    Uploaded by

    Korea Economic Institute of America (KEI)
    35 views2 pages
    The document summarizes trade data between Michigan's 12th district and South Korea in 2016. It shows that the top exports from Michigan's 12th district to South Korea were motor vehicles and motor vehicle parts, while the top service exports were education and travel. The total merchandise exports were $31.4 million and total service exports were $53.8 million. Trade with South Korea also supported 565 jobs in Michigan's 12th district and $226 million in foreign direct investment that created 1050 additional jobs. There were also 4,287 Korean-Americans living in the district.

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    Michigan - 12 export to South Korea

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    The document summarizes trade data between Michigan's 12th district and South Korea in 2016. It shows that the top exports from Michigan's 12th district to South Korea were motor vehicles and motor vehicle parts, while the top service exports were education and travel. The total merchandise exports were $31.4 million and total service exports were $53.8 million. Trade with South Korea also supported 565 jobs in Michigan's 12th district and $226 million in foreign direct investment that created 1050 additional jobs. There were also 4,287 Korean-Americans living in the district.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views2 pages

    Michigan - 12

    Uploaded by

    Korea Economic Institute of America (KEI)
    The document summarizes trade data between Michigan's 12th district and South Korea in 2016. It shows that the top exports from Michigan's 12th district to South Korea were motor vehicles and motor vehicle parts, while the top service exports were education and travel. The total merchandise exports were $31.4 million and total service exports were $53.8 million. Trade with South Korea also supported 565 jobs in Michigan's 12th district and $226 million in foreign direct investment that created 1050 additional jobs. There were also 4,287 Korean-Americans living in the district.

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    Top MI-12th Export of Goods to Korea in 2016

    $18 $16.5
    $16
    $14
    $12
    Millions

    $10
    $8 $7.2
    $6
    $4 $2.1
    $2 $1.1 $0.6
    $0
    Motor Vehicles Motor Vehicle Resins & Synthetic Other Foods Other
    Parts Fibers Manufactured
    Commodities

    Top MI-12th Service Exports to Korea in 2016


    $25
    $21.7
    $20 $18.4

    $15
    Millions

    $10

    $5
    $2.5 $2.1 $1.3
    $0
    Education Travel Computer Arch, eng, & other Install, maint, &
    Software tech serv repair of equip

    MI-12th Merchandise Exports to Korea: $31.4 million


    MI-12th Service Exports to Korea: $53.8 million
    MI-12th Jobs Related to Trade with Korea: 565
    New FDI from South Korea since 2005: $226 million → 1050 jobs
    Number of Korean-Americans in MI-12th: 4,287
    Historical Trend of Exports from MI-12th to Korea
    $100

    $90
    $31.2
    $31.6 $31.4
    $80 $31.4 $27.3 $30.4

    $70
    $23.4

    $60
    $57.8
    Millions

    $50 $54.9 $53.6 $53.8


    $52.5
    $50.8
    $47.1
    $40

    $30

    $20

    $10

    $0
    2010 2011 2012 2013 2014 2015 2016
    Services Goods

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