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South Korea reports 8.6-percent decrease in exports in February

AFP
March 2, 2013, 12:02 am TWN

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SEOUL -- South Korea's exports and imports fell in February from a year earlier but the trade balance showed a surplus for the 13th straight month, government data showed Friday.

Exports totaled US$42.33 billion, down 8.6 percent from a year earlier, the Ministry of Knowledge Economy said.

Imports slipped 10.7 percent on-year to US$40.27 billion, leaving a US$2.06 billion surplus.

February saw fewer days for clearing shipments through customs because of the Lunar New Year holidays, which fell in January last year.

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