South Korea's exports shrank 3.4 percent on-year in February, but the trade surplus surged to a new monthly high as imports dropped at a faster rate, the government said Sunday.
The country's outbound shipments came to US$41.46 billion last month while imports plunged 19.6 percent on-year to US$33.8 billion, according to the Ministry of Trade, Industry and Energy, according to South Korean news agency Yonhap.
The trade surplus came to $7.66 billion, the highest amount ever for the country.
February marked the 37th consecutive month of surplus.