Core Insights - The export volume of small and medium-sized enterprises (SMEs) in Busan reached a record high of 8.44 billion USD last year, reflecting a year-on-year increase of 7.2% [1] - The number of export-oriented SMEs in Busan grew by 4.0% to 6,336, accounting for 97.3% of the total export companies in the region [1] - Exports to China surged by 40.7%, while exports to the United States increased by 11.4%, indicating strong export momentum to major markets [1] Export Performance - The top ten export items saw growth in nine categories, excluding automotive parts, with significant increases in power equipment (4.53 million USD) and marine products [1] - Power equipment exports were notably driven by the expansion of electrical infrastructure in the United States [1] - Shipbuilding and marine structures, along with seafood exports, experienced year-on-year growth rates of 41.8% and 40.4%, respectively [1] Market Dynamics - The primary export destinations for Busan SMEs included the United States, China, Japan, Vietnam, and Indonesia, with China and the U.S. showing substantial growth [1]