ID :
185706
Wed, 06/01/2011 - 05:44
Auther :
Shortlink :
https://oananews.org//node/185706
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S. Korea's trade surplus narrows sharply in May
SEOUL, June 1 (Yonhap) -- South Korea's trade surplus shrank sharply in May from the previous month as imports expanded at a faster clip than exports, a government report showed Wednesday.
The country's trade surplus reached US$2.75 billion in May, compared with a $5.14 billion surplus in April, according to the report by the Ministry of Knowledge Economy. Exports rose 23.5 percent on-year to $48.01 billion, with imports rising 29.9 percent to $45.26 billion.
May marks the 16th straight month that the country's trade balance has been in the black.
The country's trade surplus reached US$2.75 billion in May, compared with a $5.14 billion surplus in April, according to the report by the Ministry of Knowledge Economy. Exports rose 23.5 percent on-year to $48.01 billion, with imports rising 29.9 percent to $45.26 billion.
May marks the 16th straight month that the country's trade balance has been in the black.
