South Korea’s exports rise 6.2 percent

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South Korea’s exports rose 6.2 percent from a year earlier to 51.88 billion U.S. dollars in July, topping 50 billion dollars for the fifth consecutive month, a government report showed Wednesday.

It was the second-biggest monthly amount in the country’s history. The exports reduced 0.2 percent in June, data from the Ministry of Trade, Industry and Energy showed.

Imports advanced 16.2 percent over the year to 44.88 billion dollars in July, sending the trade surplus to 7.01 billion dollars. The trade balance stayed in black for 78 months in a row.

During the January-July period, the outbound shipment reached 349.1 billion dollars, up 6.4 percent compared with the same period of last year.

The daily average export was 2.22 billion dollars in the January-July period, marking the largest ever recorded by the export-driven economy.

 

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