Korea's exports to FTA partners up 16.7% through Feb.

By KH디지털2

Published : March 27, 2017 - 12:06

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South Korea's exports to trade partners that it has free trade agreements with jumped 16.7 percent on-year in the first two months of 2017 amid a recovery in the country's total outbound shipments, customs data showed Monday.

Exports to 52 countries that have open trade pacts with South Korea reached $59.7 billion in the January-February period, up from $51.1 billion tallied a year ago, according to the data released by the Korea Customs Service.

(Yonhap)

Imports rose 13.7 percent on-year to $45.4 billion over the cited period, with a trade surplus hitting $14.3 billion.

Meanwhile, Asia's fourth-largest economy saw its exports expand 15.7 percent on-year to $83.5 billion and imports vault 21.7 percent to $73.6 billion on the back of a global trade recovery and a rise in oil prices. The trade surplus stood at $9.9 billion over the two-month period.

South Korea's FTA partner countries, including the United States, China and the European Union, accounted for 68 percent of its total trade. (Yonhap)

Korea's exports to FTA partners up 16.7% through Feb.

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