South Korea's trade surplus hit its highest level in 20 months in June as exports recovered after three months of declines, data from the Ministry of Knowledge Economy showed Sunday.
The trade balance was in a surplus of $4.96 billion in June, the highest since October 2010. In May, the trade surplus was $2.26 billion. The trade balance has now showed a surplus for five consecutive months.
After falling for three straight months, exports rose 1.3 percent from a year earlier in June to $47.35 billion.
Imports, meanwhile, shrank 5.4 percent annually to $42.39 billion.
by RTT Staff Writer
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