Korean trade balance

By IBTimes Staff Reporter | August 31 2010 9:30 PM

The Korean economy released the trade balance surplus narrowed to $2077 million, compared with a previous reading $5674 million in July, which was revised to $5506 million, while the expectations referred to $3133 million.

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Moreover, the South Korea's exports annual reading inclined by 29.6% to $37529 million in August, while the actual reading came as a previous reading which identified of $40949 a year earlier, while the analysts' expectations referred to 34.2%.

Also the South Korea's imports annual reading rose 29.3% to $35452 million in August, compared with a previous 28.9% that identified of $35684 million from a year earlier, while the analyst's forecasts referred to 31.3%.