SEOUL: South Korea's exports expanded for a second straight month in November, picking up pace well beyond market expectations, according to the latest government data.
Exports grew 3.9 per cent on-year to US$47.80 billion in November as imports rose 0.7 per cent on-year to US$43.32 billion, leaving a US$4.48 billion trade surplus, the Ministry of Knowledge Economy said.
In October, exports posted a revised 1.1 per cent rise after three months of contraction as imports registered a revised 1.7 per cent gain on-year in the same month.
The November export reading was well above the median forecast of 2.6 per cent rise, based on a Dow Jones Newswires survey of nine experts.
But the imports reading was below the median forecast of a 1.3 per cent gain in the same survey. The poll had forecast a US$3.4 billion trade surplus.
- AFP/xq
S Korea exports rise beyond market forecast
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S Korea exports rise beyond market forecast
