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S. Korea keeps record-breaking trade surplus in April

Xinhua, May 1, 2015 Adjust font size:

The South Korean economy maintained a record-breaking trend of trade surplus in April as imports reduced at a faster pace than exports, a government report showed Friday.

Exports, which account for about half of the economy, declined 8.1 percent from a year earlier to 46.22 billion U.S. dollars in April, according to the Ministry of Trade, Industry and Energy.

Imports tumbled 17.8 percent to 37.73 billion dollars in the same period, indicating a faltering domestic demand.

Trade surplus was 8.49 billion dollars in April, keeping a record-breaking surplus trend for three months in a row. The trade balance stayed in black for 39 straight months since February 2012. Endi