S.Korea's exports post double-digit growth in May

Source: Xinhua| 2017-06-01 08:41:50|Editor: xuxin
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SEOUL, June 1 (Xinhua) -- South Korea's exports posted a double-digit expansion last month, keeping a growth trend for the seventh consecutive month, a government report showed Thursday.

Exports, which account for about half of the economy, increased 13.4 percent from a year earlier to 45 billion U.S. dollars in May, according to the Ministry of Trade, Industry and Energy.

Imports advanced 18.2 percent to 39 billion dollars in May, sending the trade surplus to 6 billion dollars.

The daily exports averaged 2.14 billion dollars in May, up 16 percent from a year earlier.

For the first five months of this year, exports reached 228.1 billion dollars. Trade surplus amounted to 34.9 billion dollars in the same period as imports were 193.3 billion dollars.

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