(MENAFN) South Korea's Ministry of Knowledge Economy stated that the country's trade balance in November posted a surplus of USD4.48 billion compared with USD3.73 billion in October, reported Xinhua News.
The ministry said that last month, exports rose by 3.9 percent from a year earlier to USD47.8 billion, while imports gained 0.7 percent to USD43.32 billion.
Exports to China, South Korea's main trading partner grew 10.7 percent on annual basis, whereas shipments to the ASEAN member countries jumped 28.6 percent, and exports to Japan went up 3.7 percent, however, exports to the US fell 4 percent and dropped by 13.9 percent to the EU.
In November, exports of telecommunication devices climbed 25.3 percent, whereas those of semiconductors were up by 2.9 percent, on the other hand, exports of auto parts grew 11.3 percent and exports of petroleum products increased 10.1 percent.
Imports of capital goods in November edged up 3.6 percent, while imports of raw materials declined 3.7 percent and those of consumer goods fell 7.1 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.