South Korea Trade Surplus Widens 104% YoY in December


In December of 2013, South Korean trade surplus rose to USD 3.7 billion, up from USD 1.8 billion a year ago. Improving demand from the U.S. and China and a day-and-a-half of extra working days compared with a year ago boosted exports.

Exports rose by an annual 7.1 percent in December to USD 48 billion, after gaining a meager 0.2 percent in November. Compared with the previous month, shipments increased 0.33 percent. 

Imports rose 3 percent over a year earlier to USD 44.36 billion. On a monthly basis, purchases also rose 3 percent.

For the full year, South Korean exports marked the highest in the country's history and grew 2.2 percent while imports fell by 0.8 percent. The country’s trade surplus reached USD 44.2 billion. 

South Korea Trade Surplus Widens 104% YoY in December


Joana Taborda | joana.taborda@tradingeconomics.com
1/2/2014 1:28:27 PM