April Exports Second-Highest Ever

      May 02, 2014 10:52

      Korean exports in April totaled US$50.32 billion, the second-highest monthly amount on record.

      The record was $50.48 billion in October last year.

      The Ministry of Trade, Industry and Energy on Thursday said economic recoveries in advanced countries powered Korean exports to rise nine percent compared to April 2013.

      Imports, on the other hand, rose just five percent to $45.85 billion, so Korea managed to achieve a trade surplus of $4.46 billion. April marked the 27th consecutive monthly trade surplus.

      By region, exports to Japan rose 12.2 percent, while shipments to the U.S. increased 19.3 percent and to ASEAN member nations 17 percent.

      However, exports to Europe fell 3.2 percent due to lackluster sales of ships, while exports to China grew only 2.4 percent.

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