This study investigates how the tariffs imposed by the US and China on each other due to the US-China trade dispute affected Korea’s export products. Using a CMS model based on UN Comtrade data this study identifies changes in competitiveness and growth rates of Korea’s export products in the US and Chinese markets. In particular, this study was conducted by distinguishing products in more detail using 6 digits of HSCODE instead of 4. According to this study, the US tariffs on Chinese products had an overall positive effect on Korean products. On the other hand, in the Chinese market, the overall impact of the Chinese government’s tariffs on the US products on Korean exports was not evident. In addition, by analyzing HSCODE with 6 digits, different characteristics between products that could not be found with 4 digit analysis were discovered. As a result, it is expected that this study is helpful in providing more specific guidance on exports in the future.
This study investigates how the tariffs imposed by the US and China on each other due to the US-China trade dispute affected Korea’s export products. Using a CMS model based on UN Comtrade data this study identifies changes in competitiveness and growth rates of Korea’s export products in the US and Chinese markets. In particular, this study was conducted by distinguishing products in more detail using 6 digits of HSCODE instead of 4. According to this study, the US tariffs on Chinese products had an overall positive effect on Korean products. On the other hand, in the Chinese market, the overall impact of the Chinese government’s tariffs on the US products on Korean exports was not evident. In addition, by analyzing HSCODE with 6 digits, different characteristics between products that could not be found with 4 digit analysis were discovered. As a result, it is expected that this study is helpful in providing more specific guidance on exports in the future.
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