June S.Korean export sank 11.3%

Published: 02 Jul 2009 00:18:50 PST

July 2 MetalBiz—According to the data released by S.Korea Customs Service, S.Korean trade drop in June is less than the expectation and export dropped 11.3%. The trade surplus set a record high.

The economist previously investigated by Dow Jones Newswires, predicted that S.Korean June export dropped 18%.

The data shows that June import sank 32.3%. The export totaled U.S.$33.05bln in June, while the accumulative import was U.S.$25.61bln. This month's trade surplus was U.S.$7.44bln, refreshed the April's highest record of U.S.$5.79bln.

S.Korean May import and export decreased 40.4% and 28.3% respectively and the trade surplus was U.S.$5.15bln.