Lates News

Due to the United States imposing comprehensive tariffs, South Korea's exports in April may shrink. The average estimate from 17 economists interviewed by The Wall Street Journal shows an expected year-on-year decrease of 2.7% in April, compared to the revised growth of 3.0% in March. Automobile exports may decline as President Trump imposed a 25% tariff on imported cars starting from April 3rd. Senior economist at ING, MinJoo Kang, stated, "Imports are expected to decrease faster, maintaining a trade surplus." Surveys suggest that imports may drop by 7.0% year-on-year, leading to a trade surplus of $4.05 billion in April, compared to the revised surplus of $4.92 billion in March. Trade data will be released on Thursday.