Arab Today, arab today south koreas trade surplus widens to record high on shrinking imports
Last Updated : GMT 19:52:21
Arab Today, arab today
Arab Today, arab today

South Korea's trade surplus widens to record high on shrinking imports

Arab Today, arab today

Arab Today, arab today South Korea's trade surplus widens to record high on shrinking imports

South Korea's trade surplus reached new monthly high in March
Seoul - QNA

South Korea's trade surplus reached a new monthly high in March despite a fall in exports as imports shrank at a faster rate, the government said Wednesday.
The country's overall exports came to US$46.99 billion last month, down 4.2 percent from the same month last year, according to the South Korean Ministry of Trade, Industry and Energy.
Imports plunged 15.3 percent on-year to $38.6 billion, according to South Korea's (Yonhap) News Agency.
The country posted a trade surplus of $8.39 billion. March marked the 38th consecutive month of surplus.
The drop in exports was largely attributed to a dip in global oil prices, which tumbled 47.6 percent on-year from an average $104.40 per barrel in March 2014 to $54.70 last month, according to the ministry.
The ministry added outbound shipments, in terms of value, also increased 0.2 percent on-year for all other products except petroleum and petrochemical products, such as gasoline and diesel, whose prices are affected by global oil prices.
In March, South Korea's exports of petroleum products plunged 32.5 percent on-year to $3.14 billion despite a 10.1 percent spike in the amount, in terms of volume, shipped overseas, he added.
Shipments of petrochemical products, too, dropped 24.8 percent on-year to $3.33 billion despite an 11.4 percent spike in volume.
On the other hand, exports of ships jumped 13.6 percent on-year to $3.72 billion with shipments of semiconductors, the country's single largest export item, gaining 3.4 percent to $5.41 billion.
The large drop in imports was again attributed to the fall in oil prices.
In March, South Korea's crude oil imports, in terms of volume, gained 6.5 percent to 80.6 million barrels. However, the amount of money the country paid for the oil imports plunged 43.9 percent on-year. Crude alone accounted for 18.1 percent of the country's overall imports in 2014, according to the ministry.
Imports of consumer goods, on the other hand, rose 9.4 percent on-year in March with imports of capital goods also gaining 3.2 percent.
By country, shipments to the United States surged 17 percent on-year.
Shipments to China, the world's single largest importer of South Korean products, slipped 2.4 percent, and exports to Japan plunged 23 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas trade surplus widens to record high on shrinking imports Arab Today, arab today south koreas trade surplus widens to record high on shrinking imports

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas trade surplus widens to record high on shrinking imports Arab Today, arab today south koreas trade surplus widens to record high on shrinking imports

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday