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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World SKorea's October trade surplus 3.79 bln dollars AFP - Sunday, November 1 Send IM Story Print SKorea's October trade surplus 3.79 bln dollars Slideshow: Full Photo Coverage: Business & Economy SEOUL (AFP) - – South Korea's trade surplus was 3.79 billion dollars in October, with imports declining more sharply than exports, the government said in a preliminary report on Sunday. Exports fell 8.3 percent year-on-year to 34.03 billion dollars last month, while imports plunged 16.3 percent to 30.23 billion, according to the Ministry of Knowledge Economy. The October surplus compares with an adjusted 4.7 billion dollar surplus for September and marks the ninth consecutive month in the black. Exports, which make up more than half of South Korea's economy -- the fourth largest in Asia -- remained sapped by the sluggish global economy. Outbound shipments fell in most export items except semiconductors and display panels for TVs, mobile handsets or computers which jumped 36.8 and 38.8 percent year-on-year respectively last month. Exports to US and European markets continued to fall due to weak demand, while those to China, Southeast Asia and other developing economies gained last month. Imports still fell sharply, but the decline was moderated with South Korea's increased purchase of crude oil as the country imported 52.4 million barrels in October, up from 48.7 million barrels a month ago. Ministry officials say they expect exports and imports to rebound in November, with the country's annual trade surplus expected to surpass a record 40 billion dollars for this year. In the past 10 months to October, the trade surplus has reached 34.58 billion dollars -- surpassing the previous record of 31.90 billion dollars reached in the January-October period of 1998. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - Saturday, October 31 Panasonic to launch Sanyo tender offer Thurs -Nikkei Reuters - Saturday, October 31 U.S. Bancorp gets $18 billion seized bank assets Reuters - Saturday, October 31 US Bancorp gets $18 bln seized bank assets Reuters - Saturday, October 31 CIT moves closer to pre-packaged bankruptcy approval Reuters - Saturday, October 31 News Search Top Stories ECB rates on hold, experts view bank loan policy Iceland lifts capital controls as crisis eases Iran says EU firms in talks to bring its gas to Nabucco US stocks slide ahead of Fed rate decision, jobless data Hamilton seizes pole in Abu Dhabi GP More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Arise, Sir Dracula! Christopher Lee knighted Diarrhoea kills 'three times more than thought' Swine flu deaths soar, Ukraine closes schools US stocks slide ahead of Fed rate decision, jobless data Somali centenarian weds 17-year-old More Most Viewed » Mobile phone giant Nokia sues Apple over patents Huge dinosaur find in China 'may include new species' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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