SEOUL, Aug 28 (Yonhap) – South Korea ranked ninth among international locations with a trade surplus with the United States in the 1st 50 % of this year, although Asia’s fourth most significant financial system recorded a robust 12 months-more than-12 months growth in its exports to this industry for the duration of the time period, in accordance to US federal government data introduced Sunday.
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According to the Department of Commerce, South Korea’s trade harmony with the United States for the time period January-June was in surplus of $ 21.67 billion, an 86.9% bounce above just one year. At the same time, South Korean exports enhanced by 25.9%, though imports from the United States only amplified by 4.8%.
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In the position of nations with trade surplus with the United States, South Korea gains five positions when compared to the initial 50 % of 2021. China is in initial area, in advance of Mexico and Vietnam. Canada, Japan and Ireland are in fourth, fifth and sixth put respectively.
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