The Korea Herald


Korea logs trade surplus for 30th straight month in July

By Korea Herald

Published : Aug. 14, 2014 - 21:19

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South Korea logged a trade surplus for the 30th consecutive month in July on rebounding exports, customs data showed Thursday.

South Korea’s exports came to $48.3 billion last month, up 5.4 percent from a year earlier, while imports rose 5.8 percent on-year to $45.9 billion, according to data from the Korea Customs Service.

Earlier this month, the trade ministry estimated that exports would amount to $48.4 billion in July, up 5.7 percent from the same month last year. It correctly predicted the amount of imports.

The customs data showed that Korea logged a trade surplus of $2.4 billion last month, marking 30 straight months of a surplus since February 2012. During the January-July period, its cumulative trade surplus totaled $22.6 billion. (Yonhap)