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South Korea’s exports recover in December

by ChemOrbis Editorial Team -
  • 13/01/2017 (15:31)
According to media reports, data released by South Korea’s Trade, Industry and Energy Ministry showed that the country’s total exports were up by 6.4% year over year to $45.07 billion in December and posted an increase for the second month in a row following consecutive months of decreases.

The data also showed that South Korea’s total imports also increased 7.3% year over year to $38.07 billion in December. Accordingly, the country’s trade surplus was $7 billion last month.
However, the country’s exports and imports for full 2016 were down on a yearly basis by 5.9% and 7.1%, respectively, much slower than the %8 and 16.9% decrease posted in 2015.
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