South Korea's trade surplus in April narrowed to $2.58 billion from $3.36 billion in March with exports affected by a weaker Japanese yen, the government said. Figures released Wednesday by the South Korean Ministry of Trade, Industry and Energy indicated April exports were up 0.4 percent year-on-year to $46.29 billion. April imports were off 0.5 percent to $43.71 billion to yield a surplus of $2.58 billion. The ministry said in April, South Korean exports of wireless communications equipment, semiconductors and LCDs remained firm last month but shipments of steel products and automobiles dropped, Yonhap News reported. In March, South Korea earned $47.49 billion from exports, while March imports fell 2 percent to $44.14 billion. In the four months of this year, exports totaled $181.8 billion, and imports $173.4 billion, leaving a surplus of $8.4 billion for the period, the ministry said. The ministry cited the declining yen for the weak growth in South Korean exports. A declining yen makes Japanese goods cheaper in markets where South Korean products compete. Officials remained concerned the yen's weakening trend was likely to persist for a long time, Yonhap News reported.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor