South Korea April 1 - 20 exports down 27% y/y

South Korea publish their their first 20 days of the month trade data

Data from the Korea Customs Service:

  • Exports -26.9% y/y
  • imports -18.6% y/y

Sk is often viewed as a leading indicator for the world, referred to as a 'canary in the coal mine'. The Canary is croaking by the looks of this.

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