Arab Today, arab today south korea\s trade surplus jumps
Last Updated : GMT 12:22:29
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South Korea\'s trade surplus jumps

Arab Today, arab today

Arab Today, arab today South Korea\'s trade surplus jumps

Seoul - AFP

South Korea\'s exports expanded at a faster-than-expected pace in May with the trade surplus rising sharply, government data showed on Saturday, adding to hopes of a sustained recovery in Asia\'s fourth largest economy. Exports rose 3.2 percent in May from a year earlier to $48.368 billion, while imports dropped 4.8 percent to $42.341 billion, according to the Ministry of Trade, Industry and Energy. The May trade surplus stood at $6.026 billion, compared with a revised surplus of $2.447 billion in April, the largest since October 2010. A Dow Jones poll had forecast a median trade surplus of $3 billion in May. Exports to the United States jumped 21.6 percent year-on-year, while shipments to China were up 16.6 percent. But exports to Japan plunged 11.7 percent, a decrease blamed on a weaker yen. -- Dow Jones Newswires contributed to this report --

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