Korea"s Trade Surplus Reached 39 Billion Dollars Last YearSouth Korea's balance in trade amounted to a 39.031 billion-dollar surplus for 1998.
The Office of Trade Administration announced, on February 24, that it arrived at that figure after checking totals of Korea's exports and imports for last year.
Exports recorded 132.3 billion dollars, down 2.8 percent from 1997, while imports fell 35.3 percent to 93.3 billion dollars owing to the domestic economic recession.
Semiconductor exports recorded 16.1 billion dollars to lead all commodity exports, and the ten-leading commodity exports including computers and chemicals amounted for 38.9 percent of all exports.
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