In 2024, bilateral trade between China and South Korea reached $328.08 billion, a year-on-year increase of 5.6 percent. China has been South Korea's largest trading partner for 21 consecutive years, while South Korea has regained its position as China's second-largest trading partner.
As cargo demand keeps growing between the two countries, China and South Korea have been forging a denser, more efficient and convenient shipping network, enhancing logistics efficiency and effectively reducing costs. This stands as a vivid example of advancing the building of an inclusive open Asia-Pacific economy for all within the APEC framework.
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