Arab Today, arab today south korea posts trade surplus for 22 straight month
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

South Korea posts trade surplus for 22 straight month

Arab Today, arab today

Arab Today, arab today South Korea posts trade surplus for 22 straight month

Seoul - QNA

South Korea logged a trade surplus for 22 straight months in November despite sluggish exports growth, customs data. South Korea's exports came to US$47.9 billion last month, up 0.2% from the same month a year earlier, while imports dropped 0.6% on-year to $43.1 billion, according to the data provided by the Korea Customs Service. As a result, Korea logged a trade surplus of $4.8 billion last month, marking 22 straight months of a surplus since February last year. During the January-November period, its cumulative trade surplus rose to $40.5 billion. Exports of ships, home appliances and mobile communications equipment rose 31.6%, 9.6% and 8.7%. Those of steel and liquid crystal display products, however, dropped 17.2% and 14%. Exports bound for Australia, the European Union and China rose 29.1%, 6.5% and 3.7% over the same period, while shipments to Southeast Asian countries and the Middle East declined 11.9% and 10.7%, according to the data.

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