South Korea saw a merchandise trade surplus of $2.4 billion in May, the Ministry of Knowledge Economy said on Friday.
That beat forecasts for a surplus of $1.59 billion after showing a surplus of $2.2 billion in April.
Exports eased 0.4 percent on year, shrinking for the third straight month, the data showed. Forecasts had suggested an increase of 0.8 percent following the 4.7 percent contraction in the previous month.
Imports fell an annual 1.2 percent versus expectations for a gain of 0.7 percent following the 0.2 percent decline a month earlier.
by RTT Staff Writer
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