Most Popular
-
1
Over 80,000 millionaires, 20 billionaires in Seoul: report
-
2
Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
-
3
Korean battery makers heave sigh of relief over 2-year IRA reprieve
-
4
Young Korean doctors seek plan B: cosmetic dermatology or overseas
-
5
South Korea open to Indonesian proposal to cut KF-21 payments
-
6
Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
-
7
Korea forecast to overtake Taiwan in chip production by 2032: report
-
8
Coupang earnings hit hard by losses from ailing Farfetch
-
9
[K-pop’s dilemma] Time, profit pressures work against originality
![[K-pop’s dilemma] Time, profit pressures work against originality](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/08/20240508050705_0.jpg&u=20240508171126)
-
10
Why femicide and dating violence are growing issues in S. Korea
![[K-pop’s dilemma] Time, profit pressures work against originality](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/08/20240508050705_0.jpg&u=20240508171126)
SEJONG (Yonhap News) ― South Korea logged a trade surplus for 13 straight months in February despite the prolonged sluggish export growth affected by the global economic slump, customs data showed Thursday.
According to the customs-clearance trade figures provided by the Korea Customs Service, South Korea’s exports shrank 8.6 percent on-year to $42.3 billion last month. Imports also dropped 10.6 percent to $40.3 billion.
The country’s trade surplus last month, however, came to $2 billion, larger than the $476 million tallied in January, which was the smallest surplus in 12 months.
The export reduction in February was driven mostly by sluggish overseas shipments of oil, steel, ships and automobiles, which saw sales drop 1.7 percent, 10.6 percent, 42.2 percent and 15.6 percent from a year earlier, the data showed.
By region, exports bound for the United States shrank 11.4 percent, while those for Japan, the European Union and China also fell 17.4 percent, 15.4 percent and 1 percent, respectively.
According to the customs-clearance trade figures provided by the Korea Customs Service, South Korea’s exports shrank 8.6 percent on-year to $42.3 billion last month. Imports also dropped 10.6 percent to $40.3 billion.
The country’s trade surplus last month, however, came to $2 billion, larger than the $476 million tallied in January, which was the smallest surplus in 12 months.
The export reduction in February was driven mostly by sluggish overseas shipments of oil, steel, ships and automobiles, which saw sales drop 1.7 percent, 10.6 percent, 42.2 percent and 15.6 percent from a year earlier, the data showed.
By region, exports bound for the United States shrank 11.4 percent, while those for Japan, the European Union and China also fell 17.4 percent, 15.4 percent and 1 percent, respectively.
-
Articles by Korea Herald
