South Korea Trade Surplus Narrows in June


South Korea trade surplus declined to USD 5.29 billion in June of 2014 from USD 5.97 billion a year earlier as imports grew faster than exports.

Year-on-year, exports rose 2.5 percent to USD 47.8 billion. Exports to US increased 15.8 percent while sales to China and European Union declined 1.1 percent and 2.2 percent respectively. Higher sales were recorded for semiconductors and information technology products.

In June, imports increased 4.5 percent to USD 42.6 billion mostly due to higher purchases of capital goods, raw materials, cars and consumer goods.

South Korea Trade Surplus Narrows in June


Ministry of Trade, Industry and Energy | Isabel Felino | isabel.felino@tradingeconomics.com
7/1/2014 12:34:08 PM