A report shows South Korea's trade surplus with the U.S. shrank this year due to a surge in U.S. imports by Asia's fourth-largest economy.
A report by the U.S. Census Bureau released Sunday shows... Korea's trade surplus with the U.S. was down 24 percent during the January-to-July period... compared to the same period last year, amounting to 9-point-9-billion U.S. dollars.
In particular, Korea's U.S. imports related to the energy industry rose amid higher international oil prices and an increase in liquified natural gas generators.
Meanwhile, America's trade deficit with Korea shrank by more than 24 percent on-year to 3-point-2-billion dollars.