Indicative data from SK on exports performance in May, the first 10 days not tracking well at all.
- exports -46.3% y/y
- import -37.2%
- daily average exports -30.2%
SK responded well to the virus outbreak. Flattening the curve and controlling the spread is only part of the challenge, doing so well makes reopening the economy less of a challenge. But, SK is an exporting country and is suffering reduced markets in other economies that have not responded as well.
