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South Korean July exports and imports both slump more than expected

Trade data (preliminary) from South Korea for July 2023. Exports -16.5% y/y, biggest drop in 3 yearstenth consecutive month of declineexports of semiconductors, South Korea's key export item, fell 34% due to falling demand and a drop in chip pricesexpected -15.0%, prior -6.0%Imports -25.4% y/yexpected -25.0%, prior -11.7%Trade balance is a surplus of 1.63bn USDexpected 2.53bn USD, prior 1.13bn USD This article was written by Eamonn Sheridan at www.forexlive.com... Read More

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South

Korean

July

Exports

Imports

Both

Slump

Than

Expected

Forex

Posted: Aug 1 2023, 00:07

Author Name: forexlive

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