New Delhi, May 1 -- South Korea's exports gained 3.7 percent from a year earlier in April, marking a third consecutive month of increase, while outbound shipments to the United States dropped sharply on the Donald Trump administration's hefty tariffs, data showed on Thursday.
Outbound shipments came to US$58.2 billion last month, the highest-ever for an April, according to data compiled by the Ministry of Trade, Industry and Energy.
Imports dropped 2.7 percent on-year to $53.3 billion, resulting in a trade surplus of $4.88 billion, reports Yonhap news agency.
Exports to the U.S. decreased 6.8 percent on-year to $10.6 billion, leading to a $900 million drop in Seoul's trade surplus with the U.S. from a year earlier.
The sharp decline in ...