South Korea July exports set for strongest growth in 26 months: Reuters poll
SEOUL - South Korea's exports are expected to have risen in July at the fastest pace in 26 months, as computer chip sales continued to lead growth with robust demand in the United States and a recovery in China, a Reuters poll showed on Tuesday.
South Korea is the first major exporting economy to report monthly trade figures each month, providing an early glimpse into the state of global demand. "While exports of IT products, such as semiconductors and computers, continue to grow, there will also be positive signs seen in sales of automobiles and automobile parts," said Stephen Lee, chief economist at Meritz Securities.
The poll also forecast a 13.4% year-on-year rise in imports, the fastest increase since September 2022, after a decline of 7.5% in June.
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