South Korea's trade balance for June recorded a surplus of $8.00 billion, significantly surpassing the forecasted $5.7 billion and the previous month's $4.86 billion. This improvement in trade balance was driven by a 5.1% year-on-year rise in exports, exceeding the estimated 4.4% increase but lower than the previous month's 11.7% growth. Meanwhile, imports saw a substantial year-on-year decline of 7.5%, which was worse than the forecasted -4.7% and the previous month's -2.0%. These figures indicate a mixed economic performance for South Korea, with strong export growth but a notable decrease in imports.
South Korea's trade balance reveals a preliminary actual of 8.00B, surpassing both forecasts (5.7B) and previous figures (4.86B).
SOUTH KOREA (JUN) IMPORTS (YOY) ACTUAL: -7.5% VS -2.0% PREVIOUS; EST -4.7%
SOUTH KOREA (JUN) EXPORTS (YOY) ACTUAL: 5.1% VS 11.7% PREVIOUS; EST 4.4%
SOUTH KOREA SEES 7.5% YOY DROP IN IMPORTS FOR JUNE, BELOW ESTIMATED -4.7%
SOUTH KOREA SEES 5.1% YEAR ON YEAR RISE IN JUNE EXPORTS, EXCEEDING ESTIMATED INCREASE OF 4.4%
SOUTH KOREA RECORDS A TRADE SURPLUS OF $7.999 BILLION IN JUNE, SURPASSING THE ESTIMATED $5.700 BILLION.
S. KOREAN TRADE BALANCE PRELIM ACTUAL 8.00B (FORECAST 5.7B, PREVIOUS 4.86B) $MACRO
🇰🇷 Exports YoY (Jun) Actual: 5.1% Expected: 6.3% Previous: 11.7% https://t.co/SbeZoZ4Ojp
S. KOREAN IMPORTS PRELIM ACTUAL -7.5% (FORECAST -4.7%, PREVIOUS -2.0%) $MACRO
S. KOREAN EXPORTS PRELIM ACTUAL 5.1% (FORECAST 4.4%, PREVIOUS 11.5%) $MACRO
🇰🇷 South Korea Exports (YoY) (Jun) $KRW Actual: 5.1% 🔴 Expected: 6.3% Previous: 11.7%
🇰🇷 South Korea Imports (YoY) (Jun) $KRW Actual: -7.5% 🔴 Expected: -2.2% Previous: -2.0%
🇰🇷 South Korea Trade Balance (Jun) $KRW Actual: 8.00B 🟢 Expected: 5.24B Previous: 4.96B
(URGENT) S. Korea's exports climb 5.1 pct on-year in June: data https://t.co/5GnMWSw2Z7
AUSTRALIAN MANUFACTURING PMI FINAL ACTUAL 47.2 (FORECAST -, PREVIOUS 47.5) $MACRO