Korea exports decline for 11th month, reports trade surplus for 3rd month in August
Korea JoongAng Daily

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Published: 01 Sep. 2023, 10:40

Korea exports decline for 11th month, reports trade surplus for 3rd month in August

Containers are stacked up at a port in Busan on Aug. 1. [NEWS1]

Containers are stacked up at a port in Busan on Aug. 1. [NEWS1]

Korea reported a trade surplus for three consecutive months in August.
 
Exports fell for 11 months straight, but imports plunged further on the fall of energy and raw materials prices, according to the data the Ministry of Trade, Industry and Energy released Friday.
 
Korea’s trade surplus stood at $870 million in August.
 
The country has reported a surplus since June after it logged a deficit for 15 consecutive months through May.
 
Exports were down 8.4 percent on year to $51.87 billion, while imports slid 22.8 percent in the same period to $51 billion.
 

BY JIN MIN-JI [jin.minji@joongang.co.kr]
tags korea trade surplus august

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