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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Korea posts trade surplus in April

  • PUBLISHED :May 15, 2017 - 10:24
  • UPDATED :May 15, 2017 - 10:24
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[THE INVESTOR] Korea posted a trade surplus for 63 straight months in April, customs data showed on May 15.

The country’s trade surplus came to US$13 billion last month, up from a surplus of US$8.7 billion tallied a month earlier, according to the data from the Korea Customs Service.

It posted US$6.57 billion in trade surplus with Southeast Asian countries in April, followed by China with a surplus of US$2.69 billion.

Trade with the US recorded a surplus of US$1.66 billion, down from US$2.52 billion tallied a year ago.

The data showed that Korea’s trade with Middle Eastern nations and Japan recorded a deficit of US$3.2 billion and US$2.4 billion, respectively.

Exports soared 24.1 percent on-year to $51 billion in April, marking the largest monthly amount since October 2014, while imports rose 17.3 percent on-year to $38 billion.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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