South Korea sees excess in trade
( MENAFN )Customs office statistics revealed on Thursday, April 15, South Korea saw trade excess for 11 straight months in March due to an export revival.
Trade excess hit USD4.1 billion in March, according to Korea Customs Service. The trade balance kept in black since May in 2020.
It was accredited to the continued revival in export, which progressed 16.5 percent from 2020 to 53.8 billion dollars in March. Import increased 18.8 percent to USD49.7 billion.
The outbound consignment kept increasing for the fifth successive month in March thanks to sturdy demand from the country's three main export destinations.
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