DS global Australia

South Korean exports fell 14% y/y in April, but semiconductor exports collapsed 41%

South Korea's preliminary export and import figures for April, released by the country's trade ministry.

Exports in April fell 14.2% y/y for a seventh consecutive month of decline

expected -13.5%, prior -13.6%
Imports dropped 13.3% y/y

expected -10.6%, prior -6.4%
April trade balance is $ - 2.62bn

prior $ -4.63bn
There were 22.5 working days in April 2023 , compared with 23.5 in April 2022.Doesn't soften the blow a lot, but just noting this.

Australia says China ties ‘not going back’ as it tells exporters to diversify away from top trade partner

Australian Foreign Minister Penny Wong called on exporters to become less reliant on China as economic and strategic ties cannot be separated
It was important to recognise the relationship between the two nations was ‘not going back to where we were 15 years ago’, she said on Wednesday

Full links 👇

https://www.scmp.com/news/asia/australasia/article/3216777/australia-says-china-ties-not-going-back-it-tell-exporters-diversify-away-top-trade-partner

Australia and China reach breakthrough in trade dispute

Australia and China have reached a breakthrough in their longrunning trade dispute over sanctions worth about $20bn a year.

Full links 👇

https://www.news.com.au/national/politics/australia-and-china-reach-breakthrough-in-trade-dispute/news-story/a9b9f2873b0be95522961fbe6a82cdeb