S Korea expects more trade growth this year
Monday, 9 July 2007
SEOUL, July 8 (AFP): South Korea said today its trade would expand more than expected this year thanks to sustainable growth of the global economy.
The commerce ministry reported in a revised outlook report that exports would grow 12.8 per cent year-on-year to 367 billion dollars and imports would jump 13.9 per cent to 352 billion dollars this year.
The forecasts were up from the ministry's earlier projections for trade growth at 10.6 per cent in exports and 10.9 per cent in imports this year.
The projected trade surplus of 15 billion dollars for this year was, however, down from 16.1 billion dollars posted last year, it said.
"The global economy is expected to show sustainable growth," it said, forecasting cars, shipbuilding, steel and flat display panels would lead the country's strong export growth.
The commerce ministry reported in a revised outlook report that exports would grow 12.8 per cent year-on-year to 367 billion dollars and imports would jump 13.9 per cent to 352 billion dollars this year.
The forecasts were up from the ministry's earlier projections for trade growth at 10.6 per cent in exports and 10.9 per cent in imports this year.
The projected trade surplus of 15 billion dollars for this year was, however, down from 16.1 billion dollars posted last year, it said.
"The global economy is expected to show sustainable growth," it said, forecasting cars, shipbuilding, steel and flat display panels would lead the country's strong export growth.