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S. Korea's Exports Jump 20% in February

Written: 2017-03-01 12:20:09Updated: 2017-03-02 07:14:01

S. Korea's Exports Jump 20% in February

South Korea's exports jumped 20-point-two percent last month from a year earlier, posting the largest growth in five years.
 
According to the Ministry of Trade, Industry and Energy on Wednesday, the country’s outbound shipments came to 43-point-two billion U.S. dollars in February, up 20-point-two percent year-on-year.
 
It is the first time since September 2011 that the nation’s exports, which grew eleven-point-two percent in January, posted a double-digit growth for two months in a row.
 
It is also the first time since December 2011 that the exports posted growth for four months in a row, showing signs that the exports are on a recovery track.
 
Imports increased 23-point-three percent on-year to 36 billion U.S. dollars in February.
 
The trade surplus amounted to seven-point-two billion dollars last month, extending a surplus rally to 61 straight months.

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