Survey: South Korea's exports are expected to continue strong growth driven by chips

The median forecast from a survey of nine economists by media shows that overseas shipments in April are expected to increase by 48.0% year-on-year, compared with the revised 49.2% increase in March. The survey indicates that imports in April are expected to grow by 17.7% year-on-year, resulting in a trade surplus of 23.13 billion USD, while the previous month’s revised trade surplus was 26.24 billion USD. Chun Kyu-yeon, an economist at Hana Securities, stated: "Given the significant rise in semiconductor prices and strong demand, robust chip exports are likely to continue throughout the year." This trade data will be released on Friday.