South Korea logs first auto parts trade surplus with Japan
South Korean auto parts
Seoul - Yonhap
South Korea posted a trade surplus with Japan in the auto parts sector for the first time last year as Japanese carmakers widened sources of imports to lessen risks, industry data showed Monday.
According to the data provided by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International Trade Association (KITA), South Korea recorded an auto parts trade surplus of US$23.75 million with Japan last year, a turnaround from the previous year's loss of $84.33 million.
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