S. Korea Trade Surplus Hits Unexpected Record as Exports Jump
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South Korea posted a record trade surplus in October as demand from the U.S. boosted exports of products such as steel pipes and computers.
The $7.5 billion surplus was the highest for any month, the trade ministry said in an e-mailed statement today, and was was $2.5 billion more than the median estimate in a survey of economists by Bloomberg News. Exports rose 2.5 percent from a year earlier, while imports dropped 3 percent.