Tag: trade balance

trade balance

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Containers for exports are stacked at a pier in the southeastern port city of Busan in this file photo taken on Jan. 1, 2024. [YONHAP]

Exports in April top $56 billion as growth streak hits 7 months

April logged $56.2 billion in outbound shipments as Korea posted its 11th straight month of trade surplus.

2024.5.1

A port in the southeastern city of Busan on Sept. 21. [YONHAP]

Korea records ninth consecutive monthly surplus driven by cars, chips

Korea logged a current account surplus for the ninth straight month in January on the back of a continued trade surplus driven by the recovery of chip and car exports, central bank data showed Friday.

2024.3.8

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Shipping containers are stacked at a pier in Busan on Nov. 21. [YONHAP]

Exports rise for second month in November

Korea's exports increased for the second consecutive month in November, fueled by a surge in semiconductor demand, data showed Friday.

2023.12.1

Electric vehicles charge at a shopping mall in Seoul in September [YONHAP]

China overtakes Germany as Korea's top EV exporter

China has surpassed Germany as the top EV exporter to Korea. Chinese-made Teslas and electric buses have contributed to the increase in sales.

2023.11.28

Containers stacked up at a port in Busan on Aug. 1. [NEWS1]

Green shoots for Korean economy as chip sector improves

The economy is gradually moderating as the weak chip sector has started to improve, according to a report from the state-run Korea Development Institute (KDI) on Monday.

2023.8.7

Containers stacked up at a port in Busan on Feb. 26 [YONHAP]

Korea posts trade surplus for second month in row in July

Korea posted a trade surplus for the second month in a row in July, despite exports that fell 16.5 percent on year.

2023.8.1

Containers are stacked at a port in Busan on Sept. 1. [YONHAP]

Current account surplus likely to narrow amid energy costs, slowing demand: Minister

Korea's finance minister said Monday the country's current account surplus could narrow as the trade balance will likely deteriorate amid a hike in energy prices and slowing global demand.

2022.9.5

Korean exports to U.S. rise and to China fall as global economy shifts

Exports to the United States are rising while exports to China are falling as the largest foreign markets for Korean products take different courses and face different conditions and as Korea gets closer to the United States.

2022.7.26

Energy inflation

Soaring energy prices are taking a toll on Korea's trade balance while adding to inflationary pressures.

2022.3.28