South Korea trade data for March: Exports +16.6% y/y (expected +16.2%)

Data was out earlier in the session.

  • exports expanded for a fifth consecutive month in March, +16.6% y/y 
  • imports +18.8% expected +17.5%
  • exports of chips yp for a ninth month, recorded the biggest shipment in value terms in 28 months

Exports to China, South Korea’s biggest trading partner, +26.0%

  • to the United States +9.2%

South Korea is often cited as a bellwether of global trade health.

Source

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