Services figures for January

Seoul--(뉴스와이어)--Exports in the service sector increased 3.5% year-on-year in January of 2006 to USD $3.86 billion while imports were $5.5 billion, an increase of 19.9% from a year ago. In all, Korea’s trade in services recorded a deficit of $1.64 billion in January.

The deficit in services grew by $860 million as growth in outbound tourism and imports of business-related services surpassed the surplus volume in transportation.

In January, exports in transportation fell by 8% to $1.9 billion while imports posted $1.83 billion, an increase of 9.5% from a year earlier. . The trade in transportation, which represented 39.9% in services trade, recorded a surplus of $70 million.

By contrast, the tourism industry posted a deficit of $1.22 billion in January. Inbound tourism dropped by 16.5% to $366 million. However, outbound tourism increased by 29.1% to $1.59 billion.

As for business-related services, exports and imports were up by 23.8% year-on-year to $1.02 billion and by 19% to $1.45 billion, respectively. In total, business-related services posted a trade deficit of $430 million in January this year.



웹사이트: http://www.mocie.go.kr

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