July Trade Balance Records Surplus of $2.54 Bil.

SEOUL, KOREA- Korea's trade balance for the month of July continued an 18-month run in surpluses. According to the Korea Customs Service on August 15, the July export volume was US$45,839 million, down 1.9 percent from the previous month but up 2.6 percent from a year ago. Imports for the same month were $43,299 million, up 6.3 percent month on month and up 3.2 percent year on year. As a result, the balance of trade was a surplus of $2.54 billion, maintaining the surplus for 18 consecutive months.