SEOUL, April 21 ― South Korean exports plunged nearly 27 per cent in the first 20 days of April as the coronavirus pandemic paralysed global manufacturing activity and crushed consumer demand. The worst may be yet to come with many of the countries top trading partners still in lockdowns to...
Tuesday, 21 Apr 2020 09:33 AM MYT
The worst may be yet to come with many of the countries top trading partners still in lockdowns to contain the virus' spread. Monthly trade data from Asia's fourth-largest economy is considered a bellwether for world trade as it is the first to be released among major exporting nations. By destination, shipments to the biggest trading partner China fell 17.0 per cent, even as factories there resumed operations, while those to the United States and the European Union slumped 17.5 per cent and 32.6 per cent, respectively
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