Abstract

Purpose This study analyzed how Japan’s export regulations affected the imports and exports of the automobile industry, and examined whether there was a change in the trade competitiveness of the automobile industry. Design/Methodology/Approach In order to examine the degree of improvement in the automobile industry’s imports, exports, and trade competitiveness with Japan in Korea, the world and Japanese import and export statistical data of the automobile industry were aggregated for five periods. In addition, the change trend in the dependence on imports and exports of automobiles and parts to Japan was examined. In addition, the change in competitiveness of the Korean automobile and parts industry to Japan was examined using the trade specialization index. Findings As a result of the analysis, it was found that the trade deficit of automobiles and parts with Japan in 2021 fell compared to 2017 and 2019. In the case of import and export dependence, there was little change in export dependence, but it was confirmed that there was a significant decrease in import dependence. Korea’s dependence on exports of automobiles and parts to Japan has decreased slightly, but its dependence on imports has decreased by 10 times, which can be interpreted as Japan receiving more trade losses in the automobile industry due to the Korea-Japan trade dispute. Research Implications In the passenger car sector, it can be evaluated that there has been a result of the boycott of Japanese products, and efforts to strengthen the competitiveness of domestic cars and diversify import lines should continue to continue this in the future. In addition, in order to continue this performance in automobile parts, efforts should be made to improve product competitiveness and import dependence in more diverse item groups in the parts.

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