South Korea Records US$781 MLN Trade Surplus With U.S. in August

Friday October 12, 7:13 AM

WASHINGTON, Oct 12 Asia Pulse - South Korea recorded a US$782 million trade surplus with the United States for the month of August, down from $1.4 billion the month before, a tally released by the U.S. Department of Commerce said Thursday.

The surplus broke down as $3.78 billion in exports and $3 billion in imports, making the Asian nation the seventh-largest source of exports and imports for the U.S.

South Korea's cumulative trade surplus with the U.S. for January-August stood at $9.49 billion.

July's $393 million surplus in advanced technology product trade turned into a $55 million deficit in August. South Korea's deficit in this category totaled $1.41 billion as of August.

In auto trade, Seoul sold $761 million worth of cars and parts while buying $70 million worth. South Korea is $7.2 billion in the black in this sector in the year to date.

U.S. trade with North Korea was below the minimum measuring requirement of $500,000.

(Yonhap)