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Financial News: South Korea September Trade Surplus $4.2 Billion

South Korea September Trade Surplus $4.2 Billion

09/30/2021 - 20:15:00 (RTTNews)

(RTTNews) - South Korea posted a merchandise trade surplus of $4.2 billion in September, Statistics Korea said on Friday.

That exceeded expectations for a surplus of $3.8 billion and was up from the downwardly revised $1.65 billion surplus in August (originally $1.67 billion).

Exports gained an annual 16.7 percent on year, beating forecasts for 16.3 percent and down from the downwardly revised 34.8 percent gain in the previous month (originally 34.9 percent).

Imports surged 31.0 percent on year versus forecasts for a gain of 27.0 percent and down from 44 percent in August.

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