Marking six straight months of decline, South Korea's export volume dropped 19% in April. Although the nation's export-driven economy has been hit hard by the recession, it has not suffered the spectacular downturns seen in Taiwan and Japan, largely because of the pricing advantage it gets from the weakness of the South Korean currency, the won.
India, Indonesia and South Korea reported significant year-on-year declines in exports on Friday.However, a growing gap in trade performance was underlined by India’s latest figures, with exports tumbling 33 per cent in March to $11.5bn (€8.7bn, £7.7bn) from a year earlier – the biggest drop on record.
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