Our paper contributes to existing literature by empirically investigate the trade structure and trade performance between Korea and ASEAN. Overall, trade activities between Korea and almost major ASEAN economies have significantly focused on capital goods, medium and high technology goods, while the remaining ASEAN countries’ exports over Korea have been mainly primary and low technology goods. There has been a higher complementarity in between Korea’s exports and ASEAN’s imports compared with between ASEAN’s exports and Korea’s imports. Estimation results show that ASEAN’s GDP and income have larger impacts than those of Korea on aggregate trade flows as well as sectoral level between two sides. Additionally, geographical conditions are critical factors impeding Korea-ASEAN trade. Meanwhile, other factors in the estimation model have mixed impacts on components of Korea-ASEAN trade structure. Finally, there is a significant room for Korea’s trade expansion with ASEAN, particularly new and less developed members in future.

中文翻译：

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韩国与东盟之间贸易流量和贸易结构的决定因素

本文通过实证研究韩国与东盟之间的贸易结构和贸易绩效，为现有文献做出了贡献。总体而言，韩国与几乎所有东盟主要经济体之间的贸易活动都集中在资本货物，中高科技产品上，而其余的东盟国家对韩国的出口主要是初级和低技术产品。与东盟的出口和韩国的进口相比，韩国的出口和东盟的进口之间的互补性更高。估计结果表明，东盟的国内生产总值和收入对总贸易流量以及双方部门水平的影响要大于韩国。此外，地理条件是阻碍韩国与东盟贸易的关键因素。与此同时，估算模型中的其他因素对韩国-东盟贸易结构的组成部分影响不一。最后，韩国与东盟的贸易增长还有很大的空间，特别是将来的新成员和欠发达成员。