Posted on April 24, 2021

South Korea’s exports are expected to increase by 41 percent in April from the previous year, backed by robust shipments of chips and autos, a poll has showed.

Export shipments are forecast to reach $51.1 billion this month, according to a poll on five local brokerage houses. This would mark the sixth straight month of gain,s and the fastest on-year growth in more than 10 years.

Imports are expected to surge 28.8 percent, resulting in a trade surplus of $2.2 billion, according to the poll.

Export data for April is scheduled for release on May 1.

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