
South Korea earned a trade surplus of $4.89 billion in October as monthly exports hit a record $50.5 billion, up 7.3 percent year-on-year, data showed Friday. The Ministry of Trade, Industry and Energy reported said October exports were spurred by higher shipments to the United States and Europe. October imports rose 5.1 percent from the same month of last year to $45.61 billion. The October surplus compared with a surplus of $3.73 billion in the same month of last year and $3.68 billion in September. The latest figures helped South Korea post a trade surplus for the 21st consecutive month, Yonhap News reported. It was also the first time when exports rose over the $50 billion mark. "Exports to the United States and China continued to grow with shipments to the European Union significantly increasing amid the eurozone's economic recovery," the Ministry said. Exports to the United States were up 23.2 percent on-year, and those to European Union rose 16 percent. Information-technology products, such as semiconductors and automobiles helped boost October exports. The ministry expects exports to continue growing during for the rest of the year.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor