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S. Korea posts 20th straight monthly trade surplus in Sept.
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South Korea's trade surplus reached US$1.6 billion last month, posting a 20th
straight monthly surplus, officials said Sunday.
The amount of goods exported from South Korea reached $46.8 billion in September, up 18.8 percent from one year ago, while imports rose 29.3 percent to $45.3 billion, Korea Customs Service data showed.
The nation's trade balance has stayed in the black for 20 months since February 2010.
But the amount of trade surplus sharply declined from $4.4 billion one year ago, according to the data.
The accumulated amount of exports in the January-September period rose 23 percent from a year ago to $415.3 billion, it said. The accumulated amount of imports in the nine-month stretch expanded 27 percent on-year to $393.1 billion, leaving $22.2 billion in trade surplus.
Petroleum oil products, vehicles, steel products and consumer electronics led the increase in exports in September, according to the customs agency.
Shipments of petroleum oil products to overseas markets jumped 54.9 percent on-year, while exports of auto and steel products were up 38.6 percent and 37.9 percent, respectively.
But overseas sales of ships, mobile devices, semiconductors and flat panels logged a drop last month. Exports of ships decreased 33.9 percent on-year while mobile device exports fell 6.4 percent from one year ago, it said.
Imports of crude oil, beef, pork, rice and mobile devices showed the largest increase last month with crude oil imports up 56.6 percent and beef 77 percent. Rice imports quadrupled in September from one year ago.
In terms of country, exports to Japan and Southeast Asia showed the largest growth in September. Imports to the Middle East and Canada expanded by the fastest pace last month.
Date
2011.10.17
The amount of goods exported from South Korea reached $46.8 billion in September, up 18.8 percent from one year ago, while imports rose 29.3 percent to $45.3 billion, Korea Customs Service data showed.
The nation's trade balance has stayed in the black for 20 months since February 2010.
But the amount of trade surplus sharply declined from $4.4 billion one year ago, according to the data.
The accumulated amount of exports in the January-September period rose 23 percent from a year ago to $415.3 billion, it said. The accumulated amount of imports in the nine-month stretch expanded 27 percent on-year to $393.1 billion, leaving $22.2 billion in trade surplus.
Petroleum oil products, vehicles, steel products and consumer electronics led the increase in exports in September, according to the customs agency.
Shipments of petroleum oil products to overseas markets jumped 54.9 percent on-year, while exports of auto and steel products were up 38.6 percent and 37.9 percent, respectively.
But overseas sales of ships, mobile devices, semiconductors and flat panels logged a drop last month. Exports of ships decreased 33.9 percent on-year while mobile device exports fell 6.4 percent from one year ago, it said.
Imports of crude oil, beef, pork, rice and mobile devices showed the largest increase last month with crude oil imports up 56.6 percent and beef 77 percent. Rice imports quadrupled in September from one year ago.
In terms of country, exports to Japan and Southeast Asia showed the largest growth in September. Imports to the Middle East and Canada expanded by the fastest pace last month.
Source: Yonhap News (Oct. 17, 2011)