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SOUTH KOREAN EXPORTS HIT RECORD US$25.71 BLN IN OCTOBER.

AsiaPulse News

| November 01, 2005 | COPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Nov 1 Asia Pulse - South Korea's exports reached a new monthly high of US$25.71 billion in October thanks to strong shipments of cars, ships and machinery, the government said Tuesday.

Last month's customs-cleared exports were up 13.4 per cent from a year earlier, while imports climbed 11.6 per cent to .78 billion, according to the Ministry of Commerce, Industry and Energy.

The nation's trade surplus thus amounted to $2.93 billion last month, compared with a $2.07 billion surplus the previous month. The cumulative trade surplus stood at $20.46 billion in the first 10 months of the year.

It was the first time for the nation's monthly exports to top $25 billion. Daily exports reached $1.14 billion in October, exceeding the $1.1-billion ...

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Source: HighBeam Research, SOUTH KOREAN EXPORTS HIT RECORD US$25.71 BLN IN OCTOBER.

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