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Free AccessKorea Exports To Surge in April; Recovery Continues
- 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).
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.