S. Korea's trade surplus hits USD5.7b in December


(MENAFN) Custom data showed that South Korea has posted a trade surplus of USD5.7 billion in December of last year, marking the 35th consecutive months of surplus, Xinhua reported.

Exports, which account for about half of the economy, increased by 3.6 percent from a year ago to USD49.7 billion last month, while imports dropped by 0.9 percent to USD44 billion.

Chip exports rose 11.6 percent in December, leading the month's export increase. Exports in cars, display panels and mobile devices gained 2.9 percent, 0.6 percent and 0.5 percent, respectively.

Imports of crude oil sank 25.2 percent on cheaper oil, and mining product imports declined 14.2 percent. Imports of consumer and capital goods increased 10 percent and 17.4 percent each.


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