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In April, South Korean exports headed north at a much faster-than-expected pace, ascending for a sixth straight month backed by sturdy demand for high-tech memory chips as well as adding confirmation to perceptions of broad revival in the world economy.
In April exports to America grew, though South Korea's trade surplus with that country edged down on an annual basis for the same period. That’s what Monday's data disclosed, easing worries that Washington might impose protectionist measures, which could affect South Korea's economy.
The previous week Donald Trump told that he was considering changing a free trade deal with South Korea or even scrapping it entirely.
As preliminary data revealed April's exports increased 24.2% compared to last year’s outcome, hitting $51.01 billion. Meanwhile, imports inched up 16.6%, being worth $37.75 billion to generate a $13.25 billion trade surplus, as the Ministry of Trade, Industry and Energy informed.
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
The ECB will publish the Monetary Policy statement on Thursday, April 14, at 14:45 MT (GMT+3).
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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