July 1, 2011 / 1:08 AM / 8 years ago

South Korea lifts 2011 exports target by 8.6 pct

 SEOUL, July 1 (Reuters) - South Korea's economy ministry on
Friday raised this year's targets for exports, imports and the
trade surplus, citing firmer prices of oil and petrochemical
products and a possible rebound in electronics goods prices.	
 Following are revised targets for exports, imports and trade
surplus for the whole of this year, released by the Ministry of
Knowledge Economy and compared with its previous targets set in
December last year (rounded):
                                       2011           2010
                                 Revised  Previous  Actual
 Exports value ($ bln)                  557       513     466
 Exports growth (pct vs year ago)      19.4      10.1    28.3
 Imports value ($ bln)                  528       488     425
 Imports growth (pct vs year ago)      24.2      14.8    31.6
 Trade balance ($ bln)                   29        25      41
 NOTE: Growth rates are from the government and any discrepancy
is due to rounding of the value figures.	
	
 (Reporting by Yoo Choonsik; Editing by Jonathan Hopfner)	
 
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