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| ▲ This file photo, taken on May 23, 2022, shows stacks of containers at a port in South Korea's southeastern city of Busan. (Yonhap) |
trade balance-May
Exports up 21.3 pct in May; trade deficit extended on high energy prices
SEOUL, June 1 (Yonhap) -- South Korea's exports rose 21.3 percent in May from a year earlier on solid demand for chips and petroleum products, but they suffered a trade deficit due to high global energy prices, data showed Wednesday.
Outbound shipments stood at US$61.52 billion last month, up from $50.73 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
It is the highest tally for any May since the ministry began compiling related data in 1956. The previous record was set a year earlier.
Imports jumped 32.0 percent on-year to $63.22 billion on soaring global energy prices, leading the country to post a trade deficit of $1.71 billion, the data showed.
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