South Korea Trade Surplus Below Forecast in January


South Korea recorded a trade surplus of USD 5.3 billion in January of 2016, virtually unchanged from a year earlier and below market expectations of USD 6.68 billion. Exports fell 18.5 percent year-on-year, the biggest decrease since August of 2009. Also, imports went down by 20.1 percent.

In January, outbond shipments tumbled 18.5 percent year-on-year to USD 36.7 billion, far higher than market expectations of a 10.8 percent drop. Exports fell for the thirteenth month in a row and recorded the biggest decrease since August of 2009. Imports shrank at a faster 20.1 percent to USD 31.4 billion, and above market forecasts of a 15.1 percent drop.

South Korea Trade Surplus Below Forecast in January


Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/1/2016 1:53:53 AM