Tuesday, December 01, 2009

South Korean Exports Rise Again

For the first in 13 months, South Korea's exports rose in November. And the increase was relatively significant, 18.8%. Imports rose a more modest 4.7%.

While most of this improvement from the decline earlier in the year reflect base effects, it illustrates that world trade, particularly trade in Asia, is recovering.

Israel recorded positive annual export growth already in October, and most countries will, if not in November, then at least in December or January also report positive annual growth in trade.