Arab Today, arab today south korea logs trade surplus for 30th consecutive month in july
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

South Korea logs trade surplus for 30th consecutive month in July

Arab Today, arab today

Arab Today, arab today South Korea logs trade surplus for 30th consecutive month in July

South Korea imports
Seoul - QNA

South Korea logged a trade surplus for the 30th consecutive month in July on rebounding exports, customs data showed Thursday.
South Korea's exports came to US$48.3 billion last month, up 5.4% from a year earlier, while imports rose 5.8% on-year to $45.9 billion, according to the data from the Korea Customs Service.
Earlier this month, the trade ministry estimated that exports would amount to US$48.4 billion in July, up 5.7% from the same month last year. It correctly predicted the amount of imports, according to (Yonhap) news agency.
The customs data showed that Korea logged a trade surplus of $2.4 billion last month, marking 30 straight months of a surplus since February 2012. During the January-July period, its cumulative trade surplus totaled $22.6 billion.
Exports of semiconductors, oil products and passenger vehicles gained 0.7%, 10.6% and 20.4%, respectively. Those of ships and computers declined 13.9% and 14.5%.
Exports bound for the United States and the European Union expanded 18.7% and 9.6%, while those to China dropped 7.1%, according to the data.

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