Korea Posts Trade Surplus for 13th Consecutive Month
Korea's trade activity remained in the black for the 13th straight month in February, posting a surplus of more than 2 billion U.S. dollars.
The Ministry of Knowledge Economy says that outbound shipments from Korea totaled over 42 billion dollars last month, after an eight percent on-year decrease, largely due to the Lunar New Year holiday that fell in mid-February.
This, as average daily export volume jumped over two percent.
Inbound shipments also fell by more than 10 percent on-year to 40 billion dollars.
Analysts say it's too early to conclude that this latest trend reflects the effects of the weakening Japanese yen.
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