Go to content

Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Trade Surplus Continues Despite Falling Exports

Trade Surplus Continues Despite Falling Exports

Oct. 14, 2013

Download Trade Surplus Continues Despite Falling Exports PDF email Print

Korea's exports swung back to negative growth in three months. According to the Ministry of Industry, Energy and Trade, September's exports slid 1.5% from the previous year to US$44.74 billion. The country's exports had been on the rise in July and August with a 2.6% and 7.7% growth, respectively, before turning downward. The ministry attributed the decline to the decreased number of business days due to the Chuseok (Korean Thanksgiving) holiday. However, the daily average exports rose to a new high of US$2.24 billion, breaking the previous high of US$2.17 billion recorded in June this year. In addition, exports grew 2.9% in the third quarter from the same period last year while the first and second quarter growth stood at 0.4% and 0.8%, respectively.

For full text, click the pdf icon above.
Go to list