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S. Korea Posts Trade Surplus
S. Korea Posts Trade Surplus

S. Korea Posts Trade Surplus

S. Korea Posts Trade Surplus

South Korea’s economy posted trade surplus for 60 months through January thanks to a double-digit growth in exports, which account for about half of the economy, customs data showed Wednesday, Yonhap reported. Revised figure for trade surplus reached $2.8 billion in January, staying in the black since February 2012, according to Korea Customs Service. Exports increased 11.2% from a year earlier to $40.3 billion, while imports soared 19.7% to $37.5 billion. Overseas shipment in oil products and semiconductors surged 66.3% and 41.5% respectively, leading the January export expansion. Ship exports tumbled 17.9%.

 

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