(MENAFN- Qatar News Agency) South Korea logged a trade surplus for 22 straight months in November despite sluggish exports growth, customs data showed Sunday.
South Korea's exports came to US$47.9 billion last month, up 0.2% from the same month a year earlier, while imports dropped 0.6% on-year to $43.1 billion, according to the data provided by the Korea Customs Service
As a result, Korea logged a trade surplus of $4.8 billion last month, marking 22 straight months of a surplus since February last year
During the January-November period, its cumulative trade surplus rose to $40.5 billion, according to South Korea's (Yonhap) News Agency
Exports of ships, home appliances and mobile communications equipment rose 31.6%, 9.6% and 8.7%
Those of steel and liquid crystal display products, however, dropped 17.2% and 14%
Exports bound for Australia, the European Union and China rose 29.1%, 6.5% and 3.7% over the same period, while shipments to Southeast Asian countries and the Middle East declined 11.9% and 10.7%, according to the data.
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