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  • S. Korea's Aug. trade surplus narrows on falling exports
    S. Korea's Aug. trade surplus narrows on falling exports
    South Korea's trade surplus shrank in August from a month earlier as exports fell largely due to jittery external conditions and bad weather, the government said Saturday. The country's trade balance came to $2.04 billion in the black last month, compared with a surplus of $2.75 billion in July, according to the Ministry of Knowledge Economy. Exports dipped 6.2 percent on-year to $42.9 billion, wi
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S. Korea's Aug. trade surplus narrows on falling exports

Sept. 1, 2012 - 10:59 By 최희석

South Korea's trade surplus shrank in August from a month earlier as exports fell largely due to jittery external conditions and bad weather, the government said Saturday.

The country's trade balance came to $2.04 billion in the black last month, compared with a surplus of $2.75 billion in July, according to the Ministry of Knowledge Economy.

Exports dipped 6.2 percent on-year to $42.9 billion, with imports sliding 9.8 percent to $40.9 billion over the cited period.

The August figures mark the seventh consecutive month the country has posted a trade surplus since January, when the country's trade balance went into the red for the first time in 24 months. (Yonhap News)

 

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