South Korean export data has slumped 23% y/y (first 20 days of March) | Forexlive

Trade data from South Korea for the first 20 days of the month has been published. Well down on the March 2022. numbers.

• exports -17.4% y/y
• exports per working day -23.1% y/y
• imports -5.7% y/y
• exports to China -36.2% y/y

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Trade data numbers figures can vary depending on a number of factors, such as

• global demand,
• trade policies,
• fluctuations in FX rates

Mix in the COVID-19 pandemic and the bounceback. This has had a significant impact on global trade patterns and could have affected South Korea’s export figures in the past year. Having said all that, these are not pretty figures at all.