S Korea exports growth accelerates in May, China curbs hurt
SEOUL : South Korea's exports grew at a faster pace in May than a month earlier as a rise in shipments to Europe and United States more than offset disruptions to trade with China from its strict COVID restrictions.
South Korea's monthly trade data, the first to be released among major exporting economies, is considered a bellwether for global trade. Imports, meanwhile, jumped 32.0 per cent to $63.22 billion. That brought the trade balance to a $1.71 billion deficit, after logging a $2.51 billion deficit in April.
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