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Korea Exports To Surge in April; Recovery Continues

KOREA
MNI (Singapore)
  • South Korea's export growth is likely to jump in April - with analysts expecting a 44.0% y/y increase due in part to the low base effect and the ongoing global recovery. That is much faster than the 16.6% y/y increase recorded last month.
  • Imports may grow 29.7% y/y in April, also accelerating from the previous 18.8% y/y gain. Commodities, semiconductors and general machinery are likely to rank the top three import increase, indicating a growing demands from the production and investment.
  • Trade surplus could stand at around USD260 bln, narrowing from last USD417.5 bln due the rising commodity prices.
  • Korea trade data is due to be released on Apr 29 at 0400GMT (1200 local time Apr 29).

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