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Exports from South Korea fell 13.6% yoy in March 2023, following a 7.5% drop in the previous month 2023, and compared with market expectations of a 17.5% decline, a preliminary print showed. It was the first time shipments fell for six consecutive months since early 2020, as foreign demand deteriorated further amid persistent price pressures and higher borrowing costs.

South Korea Exports Drop Less than Estimated

South Korea's trade balance recorded a USD 4.62 billion deficit in March 2023, shifting from a USD 3.15 billion surplus in the same month a year earlier, compared with market expectations of a USD 6.08 billion gap, a preliminary reading showed. This was the twelfth straight month of the deficit, as exports dropped more than imports amid weak global demand during the economic slowdown.

South Korea Trade Gap Smaller than Expected

Imports to South Korea declined by 6.4% year-over-year to USD 59.75 billion in March 2023, swinging from a 3.5% growth a month earlier and compared with market estimates of a 6.6% fall, preliminary data showed. This was the second contraction in purchases so far this year.

South Korea Imports Drop Slightly Less than Expected

Ethanol increased to a 17-week high of 2.415 USD/Gal

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Taking a long position even after a loss

Bitcoin to break above the resistance

Selling silver below the order block

Minor resistance breakout and retest

Latest News

South Korea Exports Drop Less than Estimated

South Korea Trade Gap Smaller than Expected

South Korea Imports Drop Slightly Less than Expected

Ethanol Hits 17-week High

Upcoming Events

Australia CoreLogic Dwelling Prices MoM

Australia Judo Bank Manufacturing PMI Final

Japan Tankan Small Manufacturers Index

Japan Tankan Large Non-Manufacturing Index

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest Ideas

Taking a long position even after a loss

Bitcoin to break above the resistance

Selling silver below the order block

Minor resistance breakout and retest

Latest News

South Korea Exports Drop Less than Estimated

South Korea Trade Gap Smaller than Expected

South Korea Imports Drop Slightly Less than Expected

Ethanol Hits 17-week High

Upcoming Events

Australia CoreLogic Dwelling Prices MoM

Australia Judo Bank Manufacturing PMI Final

Japan Tankan Small Manufacturers Index

Japan Tankan Large Non-Manufacturing Index