S Korea posts trade surplus for 56 months

Xinhua, SEOUL: South Korean economy posted trade surplus for 56 straight months through September as both exports and imports went down, customs data showed yesterday.
Revised figure for trade surplus in September reached 6.9 billion U.S.  dollars, up from 5.1 billion dollars of surplus in the previous month, according to the Korea Customs Service (KCS).
The trade balance had stayed in black since February 2012 as both exports and imports declined.
Exports, which account for about half of the economy, slumped 5. 9 per cent from a year earlier to 40.9 billion dollars in September. Imports shed 1.7 per cent to 34 billion dollars.
Outbound shipments of auto parts picked up 3.4 per cent, but exports of semiconductors, steels, oil products, cars, ships and flat panels all went down last month.

 

S Korea posts trade surplus for 56 months

Xinhua, SEOUL: South Korean economy posted tradesurplus for 56 straight months through September as both exports and imports went down, customs data showed yesterday. Revised figure for trade surplus in September reached 6.9 billion U.S. dollars, up from 5.1 billion dollars of surplus in the previous month, according to the Korea Customs Service (KCS). The trade balance had stayed in black since February 2012 as both exports and imports declined. Exports, which account for about half of the economy, slumped 5. 9 per cent from a year earlier to 40.9 billion dollars in September. Imports shed 1.7 per cent to 34 billion dollars. Outbound shipments of auto parts picked up 3.4 per cent, but exports of semiconductors, steels, oil products, cars, ships and flat panels all went down last month.