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South Korea's Trade Balance Posts $2 bn Surplus

  •   Sat, Sep 01 2012 03:29:20 PM

Seoul, Sep 1 (IANS): South Korea's trade balance posted a surplus of $2.04 billion last month as imports contracted at a faster pace than exports, a government report showed Saturday.

Trade surplus reached $2.04 billion in August, down from a surplus of $2.76 billion dollars tallied in the previous month, according to the report by the Ministry of Knowledge Economy.

Exports retreated 6.2 percent on-year to $42.97 billion in August, while imports plunged 9.8 percent to $40.93 billion over the cited period, reported Xinhua.
  

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Title: South Korea's Trade Balance Posts $2 bn Surplus



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