December 23, 2024 00:54 GMT
SOUTH KOREA: First 20 Days Exports Rebound Strongly.
SOUTH KOREA
- South Korea’s early export release indicates that December is on track to be a strong month.
- Exports rose +6.8% y/y for the first 20 days of December, up from +5.8% the month prior.
- Imports rebounded strongly too up +7.5% y/y from a -1.0% contraction prior.
- The resultant trade surplus was recorded at USD$1.348bn.
- Korea is expected to face challenges from the incoming US president who is determined to implement tariffs to support US manufacturing.
- Korea is a major part of global supply chains for technology and could possibly be a key target for Trump policies.
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