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South Korea nets US$1.23 billion trade surplus with U.S. in November 2007
WASHINGTON, Jan. 11 (Yonhap) -- South Korea netted a US$1.23 billion trade surplus with the United States in November 2007, up from $786 million the previous month, according to a monthly tally released Friday by the U.S. Commerce Department.
The latest figure raises South Korea's cumulative surplus to $12.45 billion as of November last year.
South Korea's exports to the U.S. that month were valued at $4.17 billion and imports $2.94 billion. The Asian country ranked 15th in terms of U.S. trade volume with a foreign nation, seventh in both import and export volumes.
The surplus in advanced technology products widened to $307 million, up from $239 million in October.
South Korea continued to do well in the auto sector. It sold $934 million worth of motor vehicles and parts while importing $85 million worth, resulting in a $849 million surplus. The year-to-date surplus amounted to $9.51 billion.
U.S. trade with North Korea in November was not enough to go on the record, which requires a minimum of $50,000.
ldm@yna.co.kr
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