RoK records 66th straight month of trade surplus in July

The Republic of Korea (RoK) continued to report a trade surplus in July, the 66th month in a row, according to the country’s customs data.
 
RoK records 66th straight month of trade surplus in July ảnh 1An assembly line is seen at a Hyundai Motor plant in Jeonju, RoK (Photo: Yonhap)
Seoul (VNA) – The Republic of Korea (RoK) continued to reporta trade surplus in July, the 66th month in a row, according to the country’s customsdata.

Data from the Korea Customs Service showed the country's trade surpluscame to 10.3 billion USD last month, slightly down from a surplus of 10.7billion USD a month earlier.  

The RoK enjoyed 6.7 billion USD in trade surplus with Southeast Asiancountries in July, including a surplus with Vietnam worth 2.4 billion USD.

Meanwhile, it posted an excess of 3 billion USD in trade with China, itslargest trading partner.

Trade with the United States recorded a surplus of 1.6 billion USD, downfrom 1.8 billion USD tallied a year ago, amid the RoK government's efforts toreduce its surplus with the world's largest economy.

In July, exports surged 19.5 percent on-year to 48.8 billion USD, whileimports also rose 15.5 percent on-year to 38.6 billion USD.-VNA
VNA

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