Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More
Home » Forex and Currency News » South Korea’s Oct trade surplus widens to $3.17 billion

South Korea’s Oct trade surplus widens to $3.17 billion

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:

South Korea reported a trade surplus for the 17th straight month in October.

The nation’s trade surplus widened to USD 3.17 billion in October from USD 1.56 billion in the same month a year ago, data by the Ministry of Trade, Industry & Energy showed on Friday.

In comparison, a consensus of analyst estimates had pointed to a surplus of USD 4.23 billion.

Total exports rose 4.6% year-on-year to USD 57.52 billion in October, marking the 13th straight month of growth, driven by robust semiconductor demand. Market consensus had pointed to a 6.9% YoY growth.

At the same time, total imports rose 1.7% year-on-year to USD 54.35 billion in October, while marking the 4th straight month of growth.

The South Korean Won was 0.51% weaker on the day against the US Dollar, with the USD/KRW currency pair last trading at 1,379.19 ahead of the key US Non-Farm Payrolls report and presidential election outcome.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Rupee Slides as Oil, Tensions Lift USD/INRRupee Slides as Oil, Tensions Lift USD/INR Key Moments USD/INR climbs to around 95.95, marking a more-than six-week high as the Rupee weakens sharply against the Dollar. MCX Crude Oil contract expiring July 20 rises 4.6% to near Rs. 7.127, weighing on oil-importing […]
  • Lear finalizes acquisition of WIP Industrial AutomationLear finalizes acquisition of WIP Industrial Automation Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, said on Wednesday that it had finalized its acquisition of WIP Industrial Automation.The company had previously said it entered into a […]
  • WTI Crude Oil Futures ease after sizable July rallyWTI Crude Oil Futures ease after sizable July rally Futures on US West Texas Intermediate Crude Oil eased on Tuesday due to possible profit-taking, following a strong performance in July mostly driven by supply tightening.WTI Crude Futures settled at $81.80 per barrel on Monday, the […]
  • Forex Market: EUR/CAD daily forecastForex Market: EUR/CAD daily forecast During yesterday’s trading session EUR/CAD traded within the range of 1.4570-1.4644 and closed at 1.4590, losing 0.1% on a daily basis.At 6:45 GMT today EUR/CAD was gaining 0.02% for the day to trade at 1.4588. The pair touched a daily […]
  • Nasdaq 100 Futures Bounce Over 1% Following Wall Street PlungeNasdaq 100 Futures Bounce Over 1% Following Wall Street Plunge Key momentsNegative sentiment permeated across various sectors on Wednesday, with major US indices suffering declines. Nasdaq stocks suffered the most, closing the day with losses of over 3%. Investor apprehension mounted due to the […]
  • Western Digital to Cut SanDisk Stake in $3.17B SaleWestern Digital to Cut SanDisk Stake in $3.17B Sale Key Moments Western Digital will raise $3.17 billion by selling Sandisk shares in a discounted secondary offering. The company plans to exchange 5.8 million Sandisk shares for debt held by affiliates of J.P. Morgan and BofA […]