Korea's exports rebounded in July from a slight fall in June.

Korea's exports rebounded in July from a slight fall in June. Outbound shipments rose 6.2 percent on-year to reach US$51.88 billion last month. It's the first time that the country's monthly exports topped the $50 billion mark for five straight months. Korea's trade surplus came to $7.01 billion, marking 78 straight months in which the country's exports have exceeded imports. But imports also surged 16.2 percent on-year to $44.88 billion last month. The cumulative exports of Asia's fourth-largest economy rose 6.4 percent to $349.1 billion in the first seven months of the year, which is the highest to date. By country, exports to China and the United States, Korea's two largest trading partners, rose 27.3 percent and 8.8 percent on robust sales of memory chips, petrochemical and machinery products.