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February 16, 2008
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| Korea netted a $12.9 billion trade surplus with the United States for 2007, slightly down from $13.4 billion in 2006, the U.S. Commerce Department said Thursday. Korea exported $47.6 billion worth of goods and services last year and imported $34.7 billion worth. In 2006, exports totaled $45.8 billion, while imports came to $32.44 billion. Korea fell into the red in the trade of advanced technology products, recording a $2.5 billion deficit. But it tallied a $10.3 billion surplus in auto trades for 2007. On a monthly basis, Korea recorded a $415 million deficit in December trade, with $3.1 billion in imports and $3.5 billion in exports. It also fell $200 million into the red in advanced technology trade for the month. In the auto sector, Korea tallied a $778 million surplus for the month. The Commerce Department said the ’07 U.S. trade deficit dropped 6.2 percent to $711.6 billion, the first decline in six years. The deficit for December fell to $58.8 billion on-month from $63.1 billion. U.S. trade with North Korea totaled $1.7 million for 2007. Yonhap |
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