South Korea's preliminary export and import figures for April, released by the country's trade ministry.
Exports in April fell 14.2% y/y for a seventh consecutive month of decline
- expected -13.5%, prior -13.6%
Imports dropped 13.3% y/y
- expected -10.6%, prior -6.4%
April trade balance is $ - 2.62bn
- prior $ -4.63bn
There were 22.5 working days in April 2023 , compared with 23.5 in April 2022.Doesn't soften the blow a lot, but just noting this.
