You are here

S Korea's trade slump deepens in April

Exports fall 11.2% and imports drop 14.9%; govt not upbeat about May

HIT HARD: Exports of steel, cars and machinery slump 17.4 per cent, 18.3 per cent and 15.6 per cent respectively.


SOUTH Korean exports fell at a sharper pace in April as fewer working days ate into shipments already suffering from weak global demand and low global commodity prices, and the trade ministry said it was not optimistic about conditions in May.

Preliminary data showed April...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to