Channel NewsAsia

S Korea exports grow 9% in April

South Korea's exports in April grew a faster than expected 9.0 per cent from a year ago, suggesting Asia's fourth largest economy is on track for recovery, official data showed Friday.

SEOUL: South Korea's exports in April grew a faster than expected 9.0 per cent from a year ago, suggesting Asia's fourth largest economy is on track for recovery, official data showed Friday.

Exports in April stood at $50.32 billion, led by cars, mobile handsets and memory chips, while imports rose five per cent to $45.85 billion, the trade ministry said.

The country's trade surplus widened to $4.46 billion from $2.45 billion a year ago, marking the 27th consecutive month of surplus, the ministry added.

Shipments to the United States soared 19.3 per cent year-on-year, while exports to the Association of Southeast Asian Nations (ASEAN) rose 12 per cent.

Exports to China, the world's largest importer of South Korean products, were up 2.4 per cent.

Tweet Photos, Videos and Update on this Story to  #cna