As confirmed by official figures, South Korea's imports and exports have recorded a substantial yearly increase, which has nudged the county's economic recovery higher, but outlook shared for the coming times has not been reported as too strong.

While exports recorded an 18.8% surged as compared to last year, to $34.27 Billion, imports increased by 4.7% to $30.22 Billion, for the first time in 13 months. The figures had been confirmed by the Ministry of Knowledge Economy on Tuesday.

For the month of November, trade surplus widened to $.405 Billion, as compared to $3.63 Billion recorded for October. Last year, the deficient posted stood at $12 Million. The surplus for November has been wider than the $3.85 Billion figure estimated by analysts, making this the tenth consecutive month to record a balance in the black.

"It was easy for exports to rebound to the level they fell from, but won't be that easy to go beyond it given that we have yet to see fundamental improvements globally", said Jun Min-kyoo, an economist at Korea Investment & Securities.

Despite improving figures, the country is not too optimistic about the coming times. Experts believe that although smaller economies have started to recover and post growths, developed ones are still struggling, and this could have a negative effect on smaller markets as well.