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Gwangju Jeonnam's January trades balance shows $365 million surplus, 62% decrease compared to last year

광주전남 1월 무역수지 36천만달러 흑자…전년비 62% 감소

Gwangju Jeonnam's January trades balance shows $365 million surplus, 62% decrease compared to last year

 

The January balance of trade for the Gwangju Jeonnam regions recorded $365 million. However, this is more than a 60% decrease compared to the same month last year.

 

According to Gwangju Main Customs on Feb. 14th, the exports of the Gwangju Jeonnam regions showed a 12.3% reduction compared to the same month last year. This amounted to $3.6 billion, and the imports showed a 2.9% increase, totaling $3.3 billion.

 

Therefore, the trade balance showed a reduction of 62.5% compared to the same month last year.

 

As for the Gwangju region, exports showed a 11.5% decrease to $1 billion, with imports down 6.6% to $478 million. This was a $572 million surplus in total.

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