An assembly line is seen at a Hyundai Motor plant in Jeonju, RoK (Photo: Yonhap)The Republic of Korea (RoK) continued to report a trade surplus in July, the 66th month in a row, according to the country’s customs data.
Data from the Korea Customs Service showed the country's trade surplus came to 10.3 billion USD last month, slightly down from a surplus of 10.7 billion USD a month earlier.
The RoK enjoyed 6.7 billion USD in trade surplus with Southeast Asian countries in July, including a surplus with Vietnam worth 2.4 billion USD.
Meanwhile, it posted an excess of 3 billion USD in trade with China, its largest trading partner.
Trade with the United States recorded a surplus of 1.6 billion USD, down from 1.8 billion USD tallied a year ago, amid the RoK government's efforts to reduce its surplus with the world's largest economy.
In July, exports surged 19.5 percent on-year to 48.8 billion USD, while imports also rose 15.5 percent on-year to 38.6 billion USD./.