S.Korea posts biggest trade surplus in 21 months
- Published: 1 Jul 2012 at 14.48
- Online news: Asia
South Korea reported its biggest trade surplus in 21 months as rising exports to the Middle East and Southeast Asia offset falling demand from the United States and Europe.
Containers are seen stacked up at a terminal in the southeastern port city of Busan. S.Korea on Sunday reported its biggest trade surplus in 21 months as rising exports to the Middle East and Southeast Asia offset falling demand from the United States and Europe.
Exports in June rose 1.3 percent from a year ago to reach $47.4 billion, after shrinking for three straight months. Imports fell sharply by 5.4 percent to $42.4 billion, the Knowledge Economy Ministry said in a preliminary tally.
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