Korea's June Trade Surplus Highest Since 1952

Surplus was $7.27 billion

South Korea posted a record trade surplus in June as the value of imports fell more than exports amid the global recession, government figures showed on July 13.

The Korea Customs Service said the surplus was $7.27 billion last month, the highest since data began to be compiled in 1952.

It was the fifth consecutive month of surpluses since February, with the cumulative surplus for the first half standing at $28 billion.

Exports fell 12.4% last month from a year earlier to $32.63 billion, while imports dropped 32.9% over the same period to $25.36 billion.

Copyright Agence France-Presse, 2009

TAGS: Trade
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