RoK maintains export growth in 13 consecutive months

14:49 | 06/12/2017 Global Economy

The Republic of Korea's exports rose 9.6 percent in November from a year earlier to mark the 13th consecutive monthly gain, Yonhap news agency reported.

A Samsung plant - Source: en.letsgodigital.org

Outbound shipments came to 49.67 billion USD for November, up from 45.3 billion USD a year earlier, Yonhap quoted data compiled by the Ministry of Trade, Industry and Energy and the Korea Customs Service.

The total value of exports in the first 11 months of this year hit a record high of 528.4 billion USD.

Exports for Asia's fourth-largest economy have been on a steady rise since November 2016, led by an upturn in oil prices and recovering global trade.

Imports also jumped 12.3 percent on-year to 41.83 billion USD last month.

The RoK’s trade surplus came to 7.84 billion USD, marking 70 straight months in which the country's exports have exceeded imports, the ministry said.

Theo VNA