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S.Korea exports rise beyond market forecast  Join our daily free Newsletter

MENAFN - AFP - 01/12/2012

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(MENAFN - AFP) South Korea's exports expanded for a second straight month in November, picking up pace well beyond market expectations, according to the latest government data.

Exports grew 3.9% on-year to 47.80 billion in November as imports rose 0.7% on-year to 43.32 billion, leaving a 4.48 billion trade surplus, the Ministry of Knowledge Economy said.

In October, exports posted a revised 1.1% rise after three months of contraction as imports registered a revised 1.7% gain on-year in the same month.

The November export reading was well above the median forecast of 2.6% rise, based on a Dow Jones Newswires survey of nine experts.

But the imports reading was below the median forecast of a 1.3% gain in the same survey. The poll had forecast a 3.4 billion trade surplus.

-- Dow Jones Newswires contributed to this report --


 






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