Pay attention to the surplus in the goods account
Hanwha Investment & Securities said on the 29th that linking the trade deficit with earnings is an excessive concern, and predicted on the 29th that if a better-than-expected margin is confirmed in the second quarter, it will help the momentum of the stock market.
Kim Soo-yeon, a researcher at Hanwha Investment & Securities, emphasized in the report on the same day, “The trade balance recorded a deficit of $7.8 billion until May this year, and there are concerns about the profits and margins of companies, but now it seems necessary to pay attention to the product balance.”
Hanwha Investment & Securities pointed out that it is worth paying attention to the fact that the product balance was in a surplus of $13.7 billion until April of this year. It is analyzed that net exports of intermediary trade are on the rise as companies’ outward direct investment increases, contributing to the balance of goods.
Researcher Kim explained, “The balance of goods and the balance of trade continues to diverge, and differences in the timing of the counting or the inclusion of intermediary trade seem to have an impact.”
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