South Korea's trade surplus with the U.S. shrank this year due to a surge in U.S. imports.
A report by the U.S. Census Bureau released Sunday shows... South Korea's trade surplus with the U.S. was down 24 percent during the January-to-July period... compared to the same period last year, amounting to nine-point-nine-billion U.S. dollars.
In particular, South Korea's U.S. imports related to the energy industry rose amid higher international oil prices and an increase in liquefied natural gas generators.
America's trade deficit with South Korea shrank by more than 24 percent on-year to three-point-two-billion dollars.