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South Korea Has $0.87 Billion Trade Surplus
(RTTNews) - South Korea posted a merchandise trade surplus of $0.87 billion in August, the Customs Office said on Friday.
That was shy of expectations for a surplus of $1.65 billion and was down from $1.63 billion in July.
Exports fell 8.4 percent on year, beating forecasts for a decline of 16.4 percent following the 16.5 percent drop in the previous month.
Imports sank an annual 22.8 percent versus expectations for a fall of 25.4 percent, which would have been steady from the July reading.
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