S Korea's trade slump deepens in April
Exports fall 11.2% and imports drop 14.9%; govt not upbeat about May
Seoul
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 exports slid 11.2 per cent from a year earlier, while imports dropped a faster 14.9 per cent, the Ministry of Trade, Industry and Energy said on Sunday. Both figures were worse than economists had expected.
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