ID :
204685
Thu, 09/01/2011 - 12:48
Auther :
Shortlink :
https://oananews.org//node/204685
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S. Korea's trade surplus sinks to US$821 mln in Aug.
SEOUL, Sept. 1 (Yonhap) -- South Korea's trade surplus shrank sharply in August from the previous month as imports grew at a faster pace than exports, the government said Thursday.
The country's trade surplus fell to US$821 million last month from a surplus of $6.31 billion in July, according to the Ministry of Knowledge Economy. Exports rose 27.1 percent on-year to $46.38 billion with imports soaring 29.2 percent to a monthly record of $45.56 billion.
The ministry said the rise in imports was caused by the spike in global prices of crude oil, natural gas and other raw materials that the country must buy from abroad to fuel its economy.
yonngong@yna.co.kr
(END)
The country's trade surplus fell to US$821 million last month from a surplus of $6.31 billion in July, according to the Ministry of Knowledge Economy. Exports rose 27.1 percent on-year to $46.38 billion with imports soaring 29.2 percent to a monthly record of $45.56 billion.
The ministry said the rise in imports was caused by the spike in global prices of crude oil, natural gas and other raw materials that the country must buy from abroad to fuel its economy.
yonngong@yna.co.kr
(END)
