South Korea Trade Surplus Widens in September Over a Year Earlier


In September of 2013, South Korean trade surplus reached 3.71 billion USD, down from 4.82 billion USD in the previous month, but up from 2.9 billion USD a year earlier. While fewer working days led exports to fall for the first time in three months by an annual 1.5 percent, imports dropped at a a faster pace of 3.6 percent.

Exports amounted to 44.74 billion USD in September of 2013, down from last year’s figure of 45.42 billion USD.  

While sales to the EU and the US fell by an annual 9.9 percent and 0.7 percent, respectively, exports to China rose by 1.4 percent.

Shipments of LCD shrank by 19.8 percent and auto exports contracted 11.9 percent due to labor strikes. In contrast, exports of ships surged 59.7 percent. 

Imports amounted to 41 billion USD, a 3.6 percent drop over last year’s figure. Imports of consumer goods contracted 19.2 percent and those for capital goods declined 7.8 percent. 

South Korea Trade Surplus Widens in September Over a Year Earlier


Joana Taborda | joana.taborda@tradingeconomics.com
10/1/2013 10:52:23 AM