Seoul May 1 (IANS) South Korea registered a trade surplus of $13.3 billion in April a data released on Monday by the Ministry of Commerce Industry and Energy said.
This was when the country s exports the main engine of its economy increased for the sixth consecutive month Efe news reported.
In addition South Korea s trade balance in April also marked 63 straight months of a surplus.
Exports the main engine of Asia s fourth largest economy increased 24.2 per cent year-on-year in April to $51 billion due to the increase in overseas sales of ships and chips.
South Korea s exports have increased since November 2016 due to the rise in oil prices and the recovery of international trade.
South Korea s imports also grew in April to 16.6 per cent year on year or $37.8 billion.
--IANS
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S.Korea s trade surplus reaches $13.3 bn in April
