The Zhitong Finance App learned that data released on Saturday showed that exports in July increased 62.8% year on year to 98.89 billion US dollars, setting the second-highest record in South Korea's history in a single month, after the historical peak of 102.25 billion US dollars set in June. After adjusting for working days, exports increased by 69.6% year on year. Although this growth rate is down from the revised 70.7% in June, it is significantly higher than economists' median forecast of 59.5%. Imports increased 26.5% to US$68.56 billion in the same month, and the trade surplus reached US$30.32 billion, breaking the US$30 billion mark for the second month in a row.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that data released on Saturday showed that exports in July increased 62.8% year on year to 98.89 billion US dollars, setting the second-highest record in South Korea's history in a single month, after the historical peak of 102.25 billion US dollars set in June. After adjusting for working days, exports increased by 69.6% year on year. Although this growth rate is down from the revised 70.7% in June, it is significantly higher than economists' median forecast of 59.5%. Imports increased 26.5% to US$68.56 billion in the same month, and the trade surplus reached US$30.32 billion, breaking the US$30 billion mark for the second month in a row.
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