April 20, 2024

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[THE INVESTOR] Korea’s trade surplus with the United States fell sharply during the first 11 months of this year from a year, data showed on Dec. 6.

Korea exported US$63.3 billion worth of goods to the US from January to November and imported US$46.3 billion from its close trading partner, adding up to a US$17 billion trade surplus, according to figures provided by the Korea International Trade Association and the Ministry of Trade, Industry and Energy.

The number represents a 21.6 percent decline from the US$21.7 billion tallied a year earlier.

Seoul’s trade surplus with the US peaked at US$25.8 billion in 2015.

Korea’s shipments to the US rose 4.3 percent this year from a year earlier, while imports from the US jumped 18.7 percent.

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