Coreia do Sul Balança Comercial

South Korea posted a trade surplus of USD 4.3 billion in February 2024, shifting from a deficit of USD 5.38 billion in the same month a year earlier, far above market expectations of a USD 1.9 billion surplus, a preliminary reading showed. It was the ninth straight month of surplus in trade balance, as exports grew while imports slumped. Sales rose 4.8% yoy, faster than expectations of a 1.9% growth, the fifth consecutive month of expansion, mainly due to a persistent recovery in semiconductor exports. Meanwhile, imports plunged 13.1%, the 12th straight month of decline, the steepest drop in five months, and worse than market forecasts of a 10.4% fall due to high energy prices.