Korea Trade Balance


Korea: Trade surplus highest since 2010 in June

July 16, 2012

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


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