S. Korea's Trade Surplus with US Likely to Post Below $20 Bln This Year

Write : 2017-12-06 10:00:25 Update : 2017-12-06 17:09:07

S. Korea's Trade Surplus with US Likely to Post Below $20 Bln This Year

South Korea's trade surplus with the U.S. is unlikely to reach 20 billion U.S. dollars for the first time in five years this year, amid U.S. calls for addressing bilateral trade imbalances.  
 
According to the Ministry of Trade, Industry and Energy on Wednesday, the country's exports to the U.S. came to 63-point-three billion dollars during the first eleven months of the year, while its imports reached 46-point-three billion dollars, posting a surplus of 17 billion dollars.
 
The eleven-month figure represents a 21-point-six percent decrease from 21-point-seven billion dollars from a year earlier. 
 
The country's trade surplus with the U.S. is almost certain to fail to reach the 20 billion mark this year for the first time since 2012, when it posted 15-point-18 billion dollars.

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