South Korea posted a trade surplus for the 16th straight month in May despite tough external market conditions, customs data showed Friday.
The country’s exports came to $48.36 billion in May, up 3.2 percent from a year earlier, while its imports dropped 4.6 percent on-year to $42.45 billion, according to customs-clearance trade data by Korea Customs Service.
As a result, Korea’s trade surplus came to $5.91 billion last month. This marked the 16th straight month of surplus since February last year, the data showed. (Yonhap News)
