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Korea's Trade Volume Tops US$1 tln for 2nd Year
Date
2012.12.10
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South Korea's exports and imports exceeded US$1 trillion on Monday, breaching the $1-trillion mark for the second consecutive year, the government said.

"The trade volume came to over $1 trillion as of 11:06 this morning," Kwon Pyung-oh, a spokesman for the Ministry of Knowledge Economy, told reporters.

Exports have so far amounted to $512.8 billion with imports coming to about $487.2 billion as of Monday, according to the ministry.

The country's trade volume topped $1 trillion for the first time in its history last year, becoming the world's ninth nation to have ever reached the $1-trillion mark in trade.

Topping the $1 trillion mark had been well expected as the ministry earlier said the country's trade volume in the first 11 months of the year came to $979.5 billion.

Still, ministry officials said this year's total trade volume was expected to somewhat dwindle from last year's, noting the $1 trillion mark was reached on Dec. 5 in 2011.

Source Text

 

Source: Yonhap News (Dec. 10, 2012)

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