Arab Today, arab today south korea logs trade surplus for 29th straight month in june
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

South Korea logs trade surplus for 29th straight month in June

Arab Today, arab today

Arab Today, arab today South Korea logs trade surplus for 29th straight month in June

Trade in South Korea
Seoul - QNA

South Korea logged a trade surplus for the 29th consecutive month in June, as exports bounced back from the previous month's slump, customs data showed Tuesday.
South Korea's exports came to US$47.85 billion last month, up 2.5% from a year earlier, while imports rose 4.1% on-year to $42.40 billion, according to the data from the Korea Customs Service.
The June exports growth followed a 1.4% contraction tallied a month earlier.
Earlier, the trade ministry said that exports came to $47.84 billion last month, with imports increasing 4.5% on-year to $42.55 billion, according to South Korea's (Yonhap) News Agency.
The customs data showed that Korea logged a trade surplus of $5.45 billion last month, marking 29 straight months of surplus since February 2012. During the January-June period, its cumulative trade surplus totaled $20.2 billion.
Exports of semiconductors, ships and auto parts gained 10.7%, 5.8% and 8.8%, respectively. Those of liquid crystal devices and home appliances grew 13.4% and 7.9%.
Exports bound for China and the European Union expanded 16.8% and 19.8%, while those to the Middle East and Japan shrank 5.4% and 6.6%, according to the data.

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