South Korea posted a trade surplus of 6.03 billion U.S. dollars in May as exports grew at a faster pace than the previous month despite the continued devaluation of the Japanese yen, a government report showed Saturday.
Trade surplus was 6.03 billion dollars in May after logging a surplus of 2.45 billion dollars in April, according to the Ministry of Trade, Industry and Energy (MOTIE). The trade balance maintained its surplus trend for 16 straight months.
Exports increased 3.2 percent from a year earlier to 48.37 billion dollars in May after rising 0.4 percent in the prior month. Imports reduced 4.8 percent to 42.34 billion dollars last month after falling 0.3 percent a month earlier.