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Financial News: South Korea Has $3.2 Billion Trade Surplus In

South Korea Has $3.2 Billion Trade Surplus In January

01/31/2017 - 20:32:00 (RTTNews)

(RTTNews) - South Korea posted a merchandise trade surplus of $3.2 billion in January, the Ministry of Trade, Industry and Energy said on Wednesday - representing the 60th straight month with a trade surplus

The headline figure was shy of forecasts for $5.3 billion and down from $7.003 billion in December.

Exports surged 11.2 percent on year to $40.3 billion, topping expectations for 9.0 percent after rising 6.4 percent in the previous month.

Imports spiked an annual 18.6 percent to $37.1 billion versus forecasts for a gain of 10.1 percent after rising 7.3 percent in December.

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