According to Yonhap News,

(SEOUL=Yonhap News) Despite the global economic recession, Korea recorded its highest export volume and largest trade surplus in 2014.

The Ministry of Trade, Industry & Energy announced January 1 that exports in 2014 reached USD 573.1 billion, a 2.4 percent increase from the previous year. Imports stood at USD 525.696 billion, a 2.0 percent increase year-on-year. Korea posted a trade surplus of USD 47.46 billion in 2014.

The export volume and trade surplus in 2014 exceeded the records of 2013, which were USD 559.723 billion and USD 44.194 billion, respectively.

Korea’s trade volume reached a record high of USD 1.98797 in 2014, surpassing the USD 1 trillion-level for four consecutive years.

The country achieved the “triple crown” status for largest exports, trade surplus and trade volume.

For the month of December, 2014, Korea recorded USD 49.736 billion in exports, a 3.7 percent increase year-on-year, and USD 43.955 billion in imports, a 0.9 percent decrease from the previous year.

The trade surplus in December, 2014 was USD 5.781 billion, continuing Korea’s surplus for 35 consecutive months, since February, 2012.

abullapia@yna.co.kr

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Source Text

Source: Yonhap News (January. 01, 2015)

** This article was translated from the Korean.