Export Growth in February Smaller Than Expected

      March 03, 2014 11:45

      Korea's exports in February continued 25 straight months of surplus, but the rate of growth was smaller than expected due to the tapering of U.S. quantitative easing and economic uncertainties in emerging countries.

      The Ministry of Trade, Industry and Energy on Sunday said exports grew 1.6 percent on-year in February to US$42.99 billion, while imports rose four percent to $42.06 billion, resulting in a trade surplus of $930 million.

      By region, exports to ASEAN, the Middle East and the EU grew, but shipments to Japan decreased 9.5 percent due to the effects of the weak yen, continuing 13 straight months of decline.

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