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S. KOREAN EXPORTS HIT US$26.1 BLN IN JULY, UP 12.4 PCT.
SEOUL, Aug 1 Asia Pulse - South Korea's exports rose 12.4 per cent from a year ago to US$26.1 billion in July, fueled by demand for oil products, steel and petrochemicals, a government report said Tuesday.
Imports for the month reached $25.4 billion, up 18.4 per cent from a year ago, with the country's trade surplus standing at $670 million, according to the report by the Ministry of Commerce, Industry and Energy. The size of the trade surplus is .06 billion smaller than the amount for July 2005.
The latest figures are a tentative tally of last month's two-way trade volume and could change later.
The sixth straight month of double digit export growth, however, follows a record high of exports in June. Exports for that month grew 18.6 per cent annually to $28.1 billion with the country's trade surplus topping $2.1 billion. Imports grew 21.9 per cent to $26.0 billion for the month.
The ministry said overseas demand for refined oil products shot up 64.1 per cent for the month, while steel and petrochemical exports soared 27.2 per cent and ...
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Source: HighBeam Research, S. KOREAN EXPORTS HIT US$26.1 BLN IN JULY, UP 12.4 PCT.