The $116.63 billion surplus South Korea recorded in April-June exceeded Germany’s and Japan’s combined by $13.73 billion, while leaving it behind China’s, IMF data show.
China recorded a $193.72 billion surplus, compared with $52.28 billion for Germany and $50.62 billion for Japan. The figures are from International Monetary Fund data available through the Bank of Korea’s Economic Statistics System.
Yonhap News Agency reported that the April-June result was the first in the comparable record, which starts in the first quarter of 1996, to top the German and Japanese surpluses combined.
South Korea’s surplus was more than four times its $28.39 billion balance in the same quarter a year earlier. Germany’s surplus increased 11.9% year over year, while Japan’s rose 5%.
South Korean semiconductor exports totaled $113.89 billion in the second quarter, up 181.6% from a year earlier, Ministry of Data and Statistics figures show.
