South Korea posted a merchandise trade surplus of $2.85 billion in January, the Ministry of Knowledge Economy said on Tuesday. That was well above forecasts for a surplus of $1.673 billion following the $2.915 billion surplus in January.
Imports were up 16.3 percent on year to $36.11 billion versus forecasts for an increase of 17.2 percent on year following the 32.4 percent annual expansion in January.
Exports jumped 17.9 percent on year to $38.96 billion, exceeding expectations for a gain of 16.5 percent following the 45.4 percent surge in the previous month.
For comments and feedback: editorial@rttnews.com