The trade volume between China and South Korea decreasing further | down 7.91%

Nov. 15 hearing China and South Korea in the first three quarters of trade reached 170 million US dollars, down 7.91%, of which China's exports to South Korea's traditional Chinese medicine was 1.5 billion US dollars, down 13.47%; China from South Korea Chinese medicine Imports amounted to 21,274,400 US dollars, an increase of 70.52%.

China imports mainly Korean ginseng and some extracts from Korean traditional Chinese medicine. Ginseng is a traditional Korean-specific industry. Its main export products include red ginseng, red and white ginseng, ginseng drinks, red and white ginseng preparations (ginseng tea), etc. Korea Korean ginseng sales in the Chinese market continued to grow since 1999, and its government has always been hoping to expand its exports to China. In the first three quarters of 2017, China imported 21,980 kg of Korean ginseng from Korea, up 278.44 %, The import price of 427.16 US dollars / kg, down 18.93% .Although our ginseng and ginseng in the ginsenosides, polysaccharides, essential oils and trace elements in the four main components of the content is close to the quality and efficacy are generally the same, but due to China Ginseng lack of brand competitiveness, resulting in China's exports of ginseng though more than South Korea, but the export price is much lower than the Korean ginseng price.

Korean ginseng production areas are mainly concentrated in South Korea's Jinshan area, the local has formed a more complete ginseng market, ginseng Institute, ginseng processing enterprises and the Korean ginseng Monopoly Bureau, etc. Chungcheongnam-do Jinshan is Korea's largest ginseng cultivation base, with a unique As early as 1500 years ago, Jinshan began to cultivate ginseng.Started from the 1980s, local government based on the 'balanced development of regional economy' considerations, the ginseng cultivation as a characteristic industry and pillar industries Focus on cultivating, increasing policy support and capital investment, the Korean Ministry of Culture and Tourism Jinshan ginseng festival as the government focused on supporting the celebration.After years of efforts, here has built a large ginseng sales center, herb market, etc. South Korea ginseng's largest distribution center, Geumsan ginseng production accounted for 70% of South Korea.

Korean ginseng products not only as drug Use, but also tonic, food, cosmetic , Beauty skin care products and washing the main raw materials.Korean ginseng herbs Institute funded by the state, mainly for ginseng basic research aspects of scientific research, Jinshan government also actively introduce the strength of universities and pharmaceutical companies, the implementation of the combination of production and research, Through high-tech innovative products to increase efficiency, formed a research and development of high value-added products ginseng industry chain.

China's exports of Chinese medicine to South Korea are mainly extracts and Chinese Herbal Pieces, of which China's exports of South Korea's extract is mainly for its Health products Cosmetics and raw materials used.

South Korea Seoul drug market is South Korea Medicinal herbs After the Korean War, the agricultural products from Gyeonggi-do and Gangwon-do converged on the Cool-air Station and spread all over the country. As a result, the market for medicinal herbs was formed in the surrounding areas, and now it has expanded to include the Jihyeon-dong, Yongdu-dong , Dienhon-dong, etc. An area of ​​200,000 square meters, selling nearly a thousand Chinese herbal medicines in the market, 70% of South Korea's traditional medicine circulation here is South Korea's largest herbal medicine market.

In the first three quarters of 2017, China conducted trade in traditional Chinese medicine with South Korea enterprise A total of 547, of which 455 export enterprises, private enterprises exported 383, the amount of 112 million U.S. dollars, a year-on-year decrease of 11.03%, accounting for up to 73.87%; foreign-funded enterprises export number of 45, the amount of exports A year-on-year decrease of 21.94%, accounting for 22.60% of the total export value; the number of state-owned enterprises exporting was 26, with a total export value of 5,124,600 U.S. dollars, down 4.07% over the same period of last year; and that of state-owned enterprises accounting for 3.37% of the total.

99 enterprises imported Korean medicine from Korea and 56 were imported from private enterprises with an import value of 8.5301 million U.S. dollars, up 47.88% over the same period of the previous year, accounting for 40.10% of the total. 35 foreign-funded enterprises imported 35 US $ 3,401,600, down 24.26% over the same period of the previous year, and the amount of imports accounted for 14.30%; that of state-owned enterprises was 8, with imports of US $ 9,702,700, an increase of 260.36% over the same period of last year and imports from state-owned enterprises accounting for 45.61% of the total.