S Korea's trade surplus continues for 74 months | 2018-04-17 | daily-sun.com

S Korea's trade surplus continues for 74 months

    17 April, 2018 12:00 AM printer

SEOUL: South Korea's trade balance stayed in the black for 74 months through March thanks to brisk exports coming from strong demand for locally-made semiconductors, customs data showed Monday.

Final figure for trade surplus was 6.8 billion U.S. dollars in March, staying in the black since February 2012, according to the Korea Customs Service, reports Xinhua.

The longtime surplus was attributable to faster growth in exports than imports. Outbound shipments, which account for about half of the export-driven economy, gained 6.1 percent over the year to 51.6 billion dollars in March, while imports rose 5.2 percent to 44.8 billion dollars.