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South Korea Has $7.01 Billion Trade Deficit In November
(RTTNews) - South Korea posted a merchandise trade deficit of $7.01 billion in November, the Customs Office said on Thursday.
That missed expectations for a shortfall of 4.42 billion following the $6.7 billion deficit in October.
Exports tumbled 14.0 percent on year, shy of expectations for a drop of 11.0 percent following the 5.7 percent decline in the previous month.
Imports rose an annual 2.7 percent versus expectations for a gain of 0.2 percent following the 9.9 percent spike a month earlier.
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The manufacturing sector in South Korea continued to contract in August, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 48.3.
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South Korea posted a merchandise trade surplus of $6.51 billion in August, Statistics Korea said in Monday's preliminary reading.
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South Korea Has $14.27 Billion Current Account Surplus
South Korea had a current account surplus of $14.27 billion in June, the Bank of Korea said on Thursday - up from $10.14 billion in May.
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