Doha: South Korea’s exports gained 3.7 percent from a year earlier in April, marking a third consecutive month of increase. Outbound shipments reached $58.2 billion last month, the highest-ever for an April, indicating a sustained recovery in the country’s export sector.
According to Qatar News Agency, imports dropped 2.7 percent on-year to $53.3 billion, resulting in a trade surplus of $4.88 billion. This positive trade balance highlights the resilience of South Korea’s economy despite fluctuations in global trade dynamics.
Exports to the US, however, saw a decrease of 6.8 percent on-year, totaling $10.6 billion. The decline in exports to the US suggests shifting trade patterns and potential challenges in one of South Korea’s key markets.