South Korean exports fell 14% y/y in April, but semiconductor exports collapsed 41% | Forexlive

South Korea’s
preliminary export
and import figures for April, released by the country’s trade ministry.

Exports in April fell 14.2% y/y for a seventh consecutive month of decline

• expected -13.5%, prior -13.6%

Imports dropped 13.3% y/y

• expected -10.6%, prior -6.4%

April trade balance is $ – 2.62bn

• prior $ -4.63bn

There were 22.5 working days in April 2023 , compared with 23.5 in April 2022.Doesn’t soften the blow a lot, but just noting this.