Overview

• South Korea achieved a $4.88 billion trade surplus in April, with exports reaching $58.2 billion, the highest-ever for the month.
• Semiconductor exports surged 17.2% to $11.7 billion, fueled by rising global demand and increased DRAM prices.
• Shipments to the U.S. dropped 6.8%, attributed to 25% tariffs on autos, steel, and machinery, significantly impacting key sectors.
• Exports to China, ASEAN, the EU, and India increased, reflecting a strategic shift toward diversifying trade partners.
• Seoul is engaging in negotiations with Washington to mitigate tariff impacts, aiming to stabilize its economy before the June 3 election.