South Korea announced its trade surplus of $5.67 billion in July, witnessing a climb for the sixth consecutive month, triggered by robust semiconductor and car exports, officials uncovered on Sunday.

The figures compiled by the Ministry of Knowledge Economy released on Sunday, claimed that the July exports figures climbed 29.6%, compared to the $41.36 billion recorded in the previous year. The figures surpassed the
27.3% growth estimated by Dow Jones poll.

Also, the import figures were recorded to have registered a rise 28.9%, touching $35.68 billion, compared to the 32.4% rise forecast made by the analysts.

Moreover, the economy also witnessed a 7.2% growth in the second quarter, compared with the figure recorded the preceding year and registered a growth 7.6% year-on-year, in the first half.

The Commerce Ministry is in plans to hike its forecast for this year's trade surplus to be more than $30 billion. To this, economists have claimed that the lower forecast will be easy to meet, considering the $23.32 billion logged already.

"Shipbuilders continued to deliver the vessels, auto makers benefited from a recovery in U.S. car market, while the export price of semiconductors rose", the Commerce Ministry said in its statement.