Friday , 10 January 2025
Home Forex South Korea exports accelerated in December – “Grows on Demand From China” cited
Forex

South Korea exports accelerated in December – “Grows on Demand From China” cited

South Korea trade data were released on Wednesday:

Exports in December +6.6% y/y

  • expected +4%, previous +1.4%

When exports are adjusted for the working-day differences they increased 4.3% y/y in December

  • vs. +3.7% in November

Some of the reports I am seeing cite the improvement on “demand from China increased while semiconductor sales stayed resilient”.

Exports to China +8.6%

  • to the US +5.5%
  • to the European Union +15.1%

More good news for China Maybe. I got a bit interested in the Chinese PMIs earlier this week re China:

There is another PMI due from China today:

Back to South Korea’s trade data:

Imports +3.3% y/y

  • expected +4.6%, previous
    -2.4%

Trade Balance 6.49bn

  • expected 4.21bn, previous
    5.586bn

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

NZDUSD stretches toward low from 2022

The NZDUSD has stretched lower in trading today as the pair is...

Bank of America says it no longer expects any more Fed rate cuts

Bank of America no longer sees the Federal Reserve cutting rates at...

US unveils broad sanctions on Russian oil and LNG

US sanctions more than 180 tankers in Russia's shadow fleetSanctions Gazprom Neft...

NASDAQ is now down over -400 points or -2.05%

Although yields have stabilized with the 10 year up 4.7 basis points,...