South Korea trade data were released on Wednesday:
Exports in December +6.6% y/y
When exports are adjusted for the working-day differences they increased 4.3% y/y in December
vs. +3.7% in NovemberSome 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:
China official National Bureau of Statistics (NBS) December 2024 PMIs - why the long face?There is another PMI due from China today:
Economic calendar in Asia - Thursday, January 2, 2025 - China manufacturing PMIBack 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.Hence then, the article about south korea exports accelerated in december grows on demand from china cited was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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