South Korea Trade Surplus Widens in November Over a Year Earlier


In November of 2013, South Korean trade surplus slightly increased to 4.8 billion USD, from 4.4 billion USD a year earlier, as exports rose at a weaker-than-expected pace, hurt by lower sales to Japan and the Asean countries.

Exports declined 5 percent over the previous month to 47.9 billion USD and rose a meager 0.2 percent over a year earlier. Sales from the shipbuilders rose the most on the year (30.5 percent), followed by the wireless communication equipment (12.6 percent), semiconductors (8.2 percent), petroleum products (6.1 percent). In contrast, shipments of steel, machinery adn liquid crystal devices dropped by 20.3 percent, 14.6 percent and 13.4 percent, respectively. 

Exports to China rose 3.7 percent year-on-year, while sales to the EU climbed 6.8 percent and those to the US rose 3.7 percent. In contrast, shipments to the Asean countries and Japan dropped by 11.2 percent and 6.4 percent, respectively. 

Imports fell 0.6 percent from a year earlier to 43.11 billion USD. 

 South Korea Trade Surplus Widens in November Over a Year Earlier


Joana Taborda | joana.taborda@tradingeconomics.com
12/2/2013 11:26:01 AM