South Korea’s exports are expected to have slowed in April, whereas the country’s imports are likely to have rebounded in the month, according to Societe Generale. This is expected to lead to narrowing of trade surplus. Exports are likely to have fallen to $40.5 billion in April from $43 billion in March, whereas imports are likely to have grown to $34 billion in April from March’s $33.2 billion, noted Societe Generale.
The anticipated figures imply a more modest slowdown in exports and a firmer rebound in imports considering lesser working days in April as compared to March. Recovery in energy prices is expected to have lead to stronger imports, said Societe Generale.
