Saturday, 01 December 2012 11:01
SEOUL: South Korea's exports expanded for a second straight month in November, picking up pace well beyond market expectations, government data showed Saturday.
Exports grew 3.9% on-year to $47.80 billion in November as imports rose 0.7% on-year to $43.32 billion, leaving a $4.48 billion trade surplus, the Ministry of Knowledge Economy said.
In October, exports posted a revised 1.1% rise after three months of contraction as imports registered a revised 1.7% gain on-year in the same month.
The November export reading was well above the median forecast of 2.6% rise, based on a Dow Jones Newswires survey of nine experts.
But the imports reading was below the median forecast of a 1.3% gain in the same survey. The poll had forecast a $3.4 billion trade surplus.
Copyright AFP (Agence France-Presse), 2012