74% of SMEs "Exports Next Year, Will Increase More Than This Year"

Amid growing uncertainties in global trade, including former President Donald Trump's re-election, the small and medium-sized business community expects exports to increase further next year than this year.

The Korea Federation of Small and Medium Business conducted an export forecast survey of 300 export SMEs for a week from the 11th, and 74.3% of the respondents said they expected an "increase."

On the other hand, the prospect of a decline remained at 25.7% of SMEs surveyed.

Regarding the results of the U.S. presidential election, 30.7% of the respondents said that the increase in tariffs would be negative for our exports, and 15% said that it was rather positive as a reflective profit from Chinese corporate regulations.