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South Korea reports a 5.2% drop in April exports, citing reduced demand for cars and oil products.
South Korea's exports dropped 5.2% in the first 20 days of April, totaling $33.87 billion, with a trade deficit of $137 million.
The decline was mainly due to reduced demand for cars and oil products, although semiconductor exports rose by 10.7%.
Imports fell by 11.8% to $34.01 billion.
The Korea Customs Service also found $20.81 million in violations of country-of-origin labels, mostly from goods intended for the U.S. to evade tariffs.
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Corea del Sur informa una caída del 5,2% en las exportaciones de abril, citando una menor demanda de automóviles y productos petrolíferos.