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Korea Records Smaller Trade Surplus in August Due to a Rise in Imports

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저작물명
Korea Records Smaller Trade Surplus in August Due to a Rise in Imports
저작(권)자
저작자 미상 (저작물 2267374 건)
출처
이용조건
KOGL 출처표시, 상업적, 비상업적 이용가능, 변형 등 2차적 저작물 작성 가능(새창열림)
공표년도
창작년도
2009-09-02
분류(장르)
영상
요약정보
Korea saw a trade surplus for the seventh consecutive month in August though the amount dipped to less than one third of what it was a month earlier due to rising imports.
The Ministry of Knowledge Economy says that last month the country's exports stood at 29.1 billion US dollars‚ down by 21 percent year-on-year.
And imports fell by 32 percent‚ recording 27.4 billion dollars.
Overall‚ the nation's trade balance was in the black for the seventh consecutive month in August at 1.7 billion dollars.
[Interview : Jeong Marn-ki‚ Director General for Trade
Ministry of Knowledge Economy] "It can be assessed that the country's trade surplus decreased in August due to a recovery in imports. Starting in September‚ both exports and imports are expected to increase. A trade surplus will continue to be seen‚ but the amount is expected to fall compared to the first half of this year due to a rise in imports."
Looking into the details‚ exports from Korea continued to decline from the 1st to the 20th of August but exports to the United States and China dropped by relatively lower levels of around 13 percent each.
In particular‚ exports of Korean LCD devices increased by nearly 32 percent compared to the same period last year while the contraction in exports of semiconductors narrowed to around seven percent.
[Interview : Jeong Marn-ki‚ Director General for Trade
Ministry of Knowledge Economy] "Imports of the world's 15 largest economies‚ which account for 62.8 percent of the global market‚ declined by an average of 31.2 percent from January to May. So‚ Korea's decline in exports of 22.5 percent until July and 20.6 percent in August can be regarded as positive."
Meanwhile‚ last month's imports dropped by a smaller margin compared to a month earlier as the fall in imports of capital and consumer goods slowed down backed by strong consumer confidence.
The declining trend in imports of raw materials continued last month‚ however‚ due to a drop in both price and demand.
[Reporter : JANG SOU-IE
sjang@arirang.co.kr] "The Ministry of Knowledge Economy says that the country's trade balance is expected to stay in the black over the rest of the year. But it projects that the amount of the surplus would decline for the final six months compared to the first six mainly due a larger volume of imports.
Jang Sou-ie‚ Arirang News."
Reporter : sjang@arirang.co.kr
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