The survey shows that South Korea's exports in April may shrink.

Due to the comprehensive tariffs imposed by the United States, South Korea's exports in April may shrink. The median estimate given by 17 economists interviewed by The Wall Street Journal shows that exports in April are expected to drop by 2.7% compared to the same period last year, revised from a 3.0% increase in March. Automobile exports may decline, as President Trump has imposed a 25% tariff on imported cars starting from April 3rd. Senior economist MinJoo Kang from the ING Group in the Netherlands stated: "Imports are likely to decrease faster, maintaining a trade surplus." The survey indicates that imports may decrease by 7.0% compared to last year, resulting in a trade surplus of $4.05 billion in April, revised from a surplus of $4.92 billion in March. Trade data will be announced on Thursday.