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Imports and Exports Surge

SOUTH KOREA

Data showed the trade surplus widened to $4.440bn in June from $2.94bn previously, but slightly narrower than expectations. Exports rose 39.7% beating estimates of 33.8% while imports rose 40.7% above estimates of 33.6%. The strong gains in exports, even as a low base effect starts to fade, indicates a robust global recovery. Exports are expected to reach a record this year and will be the main driver of the recovery.

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