Analysis of the Trends and Export Competitiveness of Major Backbone Industries and New Industries (Economic Current Issues Analysis No. 100)
Published on 22 December 2020
Published by Industry & Energy Analysis Division of the Economic Analysis Bureau
An analysis was conducted on the export competitiveness of major backbone industries and new industries over the past five years. Five indicators were used including the Trade Specification Index and export market share, which reflect the qualitative aspect of export competitiveness, as well as a value added index, the technology trade balance and the export-import unit price ratio, which highlight the quantitative aspects. Although the quantitative and qualitative competitiveness of the semi-conductor, shipbuilding and steel industries among the backbone industries are evaluated as overall good, it was discovered that the qualitative competitiveness - such as the degree of added value - has either plateaued or is deteriorating due to reasons including a lack of original technology. Among new industries, the Li-ion battery business is continuing to strengthen its qualitative and quantitative competitiveness despite escalating competition from China, while the bio-health sector is rapidly building up added value despite its insignificant market share, according to the analysis.