In June, exports expanded 1.1% over the same month last year to USD 47.3 billion, according to data released by the Korea Customs Service (KCS). The reading contrasted the revised 0.8% drop recorded in May (previously reported: -0.6% year-on-year), and overshot market expectations of a 0.5% expansion. Imports fell 5.5% year-on-year in June to USD 42.3 billion, the lowest level since February 2011, following a 1.2% drop in May. As a result, the trade surplus reached USD 4.9 billion, which was well above the USD 1.9 billion surplus recorded in the same month last year and marked, in fact, the largest surplus recorded in nearly two years
Korea Trade Balance
Trade surplus highest since 2010 in June
July 16, 2012
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Korea Economic News
October 13, 2016
At its 13 October monetary policy meeting, the Bank of Korea (BoK) announced that it will hold the base rate constant at a record low of 1.25%, which was largely in line with market expectations.
October 5, 2016
In September, consumer prices rose 0.6% over the previous month, which contrasted the 0.1% decrease in August and overshot the 0.2% increase the markets had expected.
October 3, 2016
Korea’s Customs Services reported that exports totaled USD 40.9 billion in September, which represented a 5.9% contraction over the USD 43.4 billion recorded in the same month last year.
September 30, 2016
The forward-looking business confidence indicator (BSI) for the manufacturing sector produced by the Bank of Korea (BoK) rose from 74 points in September to 75 points in October.
September 30, 2016
In August, industrial production accelerated and expanded 2.3% year-on-year, which was up from both the 1.6% increase registered in July and the 1.6% rise the markets had expected.