Vietnam-Korea Bilateral Trade: Current Situation and Prospects
Vietnam-Korea relation has been rapidly deepened in all fields, especially trade and investment since the establishment of diplomatic ties in 1992. This paper analyzes the patterns and trends in the trade relations between the two countries in the past over twenty years. Various trade indices such as Trade intensity, Trade complementarities, Intra industry and Revealed comparative advantages were used to describe the structure and composition in the Vietnam-Korea bilateral trade. The study results show that trade pattern between Vietnam and Korea is predominantly inter-industry trade and complementary. The main findings also suggest that there is significant potential for further growth of trade between two countries.
Ando, M. (2006), Fragmentation and vertical intra-industry trade in East Asia, The North American Journal of Economics and Finance 17(3), 257–281.
Bano, Sayeeda; Tabbada, Jose (2012), Economic relations between New Zealand and the Philippines: An empirical analysis, 53rd New Zealand Association of Economists Annual Conference, Palmerston North; 27-29 June
Bastos, P and M. Cabral (2007), The Dynamics of International Trade patterns, Review of World Economics, 143(3), 392-415.
Fithra Faisal Hastiadi, The Determinants of China-Japan-Koreas Vertical Intra Industry Trade to ASEAN4 countries, Working Paper in Economics and Business, Volume II No.5/2012
Grubel, H., Lloyd, P. (1975). Intra-Industry Trade: The Theory and Measurement of International Trade in Differentiated Products, London and New York: John Wiley and Sons
Guzin Erlat and Haluk Erlat (2009), Decomposing the Marginal Intra-Industry Trade Index as a Measure of Changes in Trade Patterns and Its Application to the MENA Countries, 29th Annual Meeting of the Middle East Economic Association, January 2-5, 2009, San Francisco, USA
Hoekman, Bernard M., Aaditya Mattoo, and Philip English (2002), Development, Trade and the WTO: A Handbook. Washington, D.C, World Bank
Korea International Trade Association (KITA), 2016. Trade Statistics by Country, available at http://global.kita.net/
Krugman, P., (1980). “Scale Economies, Product Differentiation, and the Pattern of Trade”, American Economic Review, Vol. 70, No. 5.
Lalith de Silva (2008), A Macro Analysis of Japan-Australia Bilateral Trade Relations: Present Status and Future Trends, the Otemon Journal of Australian Studies, vol.34, 2008, p.42.
Mia Mikic and John Gilbert, Trade Statistics in Policymaking - A Handbook Of Commonly Used Trade Indices And Indicators, United Nations publication, ST/ESCAP/ 2559
Tran Nhuan Kien, Hong Ryul Lee and Yoon Heo, Dynamic Patterns of Korea-Vietnam Trade Relations, International Area Studies Review, 2010, 13: 257
United Nations Statistics Division, 2016, United Nations Commodity Trade Statistics Database, available at http://comtrade.un.org/db/default.aspx