Trade surplus hits $2.76B, beats ministry’s expectations

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Trade surplus hits $2.76B, beats ministry’s expectations

According to a monthly report by the Korea Customs Service, the country’s trade surplus came to $2.76 billion last month. This marks a 40.6 percent plunge from $4.65 billion posted in the same month last year, but is slightly higher than the surplus of $2.7 billion predicted by the Ministry of Knowledge Economy. Exports shrank 8.8 percent from a year earlier to $44.6 billion, while imports slipped 5.4 percent to $41.9 billion, the report said. Yonhap

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