ID :
56543
Tue, 04/21/2009 - 08:23
Auther :
Shortlink :
https://www.oananews.org//node/56543
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S. Korea's trade surplus hits US$2.38 bln in first 20 days of April
SEOUL, April 21 (Yonhap) -- South Korea posted a US$2.38 billion trade surplus in the first 20 days of April as imports dropped faster than exports amid a protracted economic downturn, customs officials said Tuesday.
Exports fell 16.5 percent on-year to $17.92 billion during the period, while
imports plunged 39.7 percent to $15.54 billion, the Korea Customs Service said.
The trade surplus compares with a deficit of $4.31 billion in the same period a
year earlier, it said.
The nation's trade account had been in the black for 13 consecutive months since
October 2007 before running a deficit in January, when shortfalls came to $3.63
billion.
In February, it swung to a surplus of $2.9 billion and reached a record monthly
high of $4.28 billion last month, according to the office.
Exports fell 16.5 percent on-year to $17.92 billion during the period, while
imports plunged 39.7 percent to $15.54 billion, the Korea Customs Service said.
The trade surplus compares with a deficit of $4.31 billion in the same period a
year earlier, it said.
The nation's trade account had been in the black for 13 consecutive months since
October 2007 before running a deficit in January, when shortfalls came to $3.63
billion.
In February, it swung to a surplus of $2.9 billion and reached a record monthly
high of $4.28 billion last month, according to the office.
