South Korea posts trade surplus

Last Updated: Saturday, June 1, 2013 - 16:28

Seoul: South Korea posted a trade surplus of USD 6.03 billion in May as exports grew at a faster pace than the previous month despite the continued devaluation of the Japanese yen, a government report showed Saturday.

Trade surplus was USD 6.03 billion in May after logging a surplus of USD 2.45 billion in April, according to the Ministry of Trade, Industry and Energy. The trade balance maintained its surplus trend for 16 straight months, reported Xinhua.

Exports increased 3.2 percent from a year earlier to USD 48.37 billion in May after rising 0.4 percent in the prior month. Imports reduced 4.8 percent to USD 42.34 billion last month after falling 0.3 percent a month earlier.

IANS

First Published: Saturday, June 1, 2013 - 16:28
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