South Korea Trade Surplus Narrows in January


In January of 2014, South Korean trade surplus decreased to USD 735 million, the lowest surplus in twelve months. Exports shrank for the first time in four months by an annual 0.2 percent due to lower working days. Sales in January and February usually show volatility due to the Lunar New Year holidays.

Exports declined 0.2 percent on the year and 5 percent over the previous month to USD 45.58 billion. Sales to the EU rose 24.7 percent on the year and shipments to China increased 0.8 percent. Shipments to the European Union grew by 24.7% from a year earlier, while exports to China rose by 0.8%. Exports to the US dropped 2 percent.

Imports rose 1 percent over the previous month, but shrank 0.9 percent over a year earlier to USD 44.85 billion. 

South Korea Trade Surplus Narrows in January


Joana Taborda | joana.taborda@tradingeconomics.com
2/3/2014 12:43:26 PM