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SEOUL- South Korea’s exports expanded at its sharpest pace in more than a decade in April, boosted by those of semiconductors, cars and petrochemical products, highlighting a continued trade-led recovery in Asia’s fourth-largest economy.
Exports surged 41.1 percent from a year earlier, trade ministry data showed on Saturday, marking the fastest growth since Jan 2011 and extending the expansion to a sixth month in a row.
That missed a 44.0 percent increase forecast by 14 economists in a Reuters poll, but was much sharper than a 16.5 percent growth in March.
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The data was also supported by a low base in 2020 as exports plunged at their sharpest pace since the global financial crisis in April last year. – Reuters
