Global Economic News

South Korea Has $6.32 Billion Trade Surplus

South Korea posted a merchandise trade surplus of $6.32 billion in May, government data revealed on Monday.

That beat forecasts for a surplus of $6.2 billion, although it was down sharply from $$8.498 billion in April.

Exports were down 10.9 percent on year to $42.39 billion - missing expectations for a decline of 10.7 percent following the 8.0 percent contraction in the previous month.

Imports plummeted an annual 15.3 percent to $36.07 billion versus forecasts for a fall of 16.7 percent on year after shedding 17.8 percent in April.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Global Economic News