- Information Center
- Investment News
According to Yonhap News,
(SEJONG=Yonhap News) South Korea's exports spiked 13.5 percent in May from a year earlier, rebounding from a brief dip in the previous month, government data showed Friday.
Outbound shipments reached US$50.98 billion last month, compared with $44.92 billion a year ago, according to the data compiled by the Ministry of Trade, Industry and Energy.
Imports surged 12.6 percent on-year to $44.25 billion.
South Korea's trade surplus came to $6.73 billion, marking 76 straight months in which the country's exports have exceeded imports, the ministry said.
May is also the third straight month that the country's exports topped the $50 billion mark, according to the ministry.
In the first five months of the year, the country's cumulative exports reached a record $246.4 billion, up 8.2 percent from a year earlier.
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
** This article was translated from Korean.
Source: Yonhap News (June 01, 2018)