(MENAFN- Qatar News Agency) South Korea's trade surplus widened from a year earlier in November as its exports grew slightly while imports inched down, the government said Sunday.
The country's outbound shipments came to a little over US$47.91 billion, up 0.2% from the same month last year, according to the South Korean Ministry of Trade, Industry and Energy
"The country's exports grew slightly from a year earlier in November despite a fall in the number of working days by 0.5," the ministry said in a press release
Imports, on the other hand, slipped 0.6% on-year to some $43.11 billion, according to South Korea's (Yonhap) News Agency
Trade surplus came to about $4.8 billion, marking the 22nd consecutive month the country posted a trade surplus
The November figure compares with a surplus of $4.42 billion in the same month last year
The ministry attributed last month's growth in exports to a rise in shipments of ships and information-technology products
In November, the country's exports of ships spiked 30.5% on-year to $2.54 billion, with shipments of mobile communication devices, such as cellular phones, jumping 12.6% to $2.89 billion, and semiconductors 8.2% to $4.98 billion
By nation, the country's exports to member nations of the European Union rose 6.8% on-year, with shipments to the United States and China also gaining 2.9% and 3.7%, respectively
Meanwhile, the ministry said the country's trade surplus in the first 11 months of the year reached $40.5 billion
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