South Korea Balance of Trade  1966-2017 | Data | Chart | Calendar

South Korea's trade surplus rose to USD 13.25 billion in April of 2017 from USD 8.70 billion a year earlier, a preliminary estimate showed . It was the largest trade surplus on record, as exports increased more than imports. In April, sales surged 24.2 percent from a year earlier to USD 51.01 billion, following a 13.7 percent rise in the prior month. It was the sixth straight month of growth and the fastest in almost six years. Imports increased by 16.6 percent to USD 37.75 billion, compared to a 26.9 percent gain in a month earlier. In March 2017, the trade surplus was downwardly revised to USD 6.27 billion. For 2017, exports are expected to rise 2.9 percent, supported by improving global demand, while imports are projected to grow at a faster 7.2 percent. The trade balance has been in consistent surpluses since February 2012. Balance of Trade in South Korea averaged 868.29 USD Million from 1966 until 2017, reaching an all time high of 13254 USD Million in April of 2017 and a record low of -4043.45 USD Million in January of 2008.

South Korea Balance of Trade
Receive the next reported value for South Korea Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-01 12:00 AM Feb $7.22B $2.81B $5.4B
2017-04-01 12:00 AM Mar $6.6B $7.06B $7.1B
2017-05-01 12:00 AM Apr $13.3B $6.3B $7.9B
2017-06-01 12:00 AM May $13.3B $10.1B
2017-07-01 12:00 AM Jun
2017-08-01 12:00 AM Jul




South Korea Posts Largest Trade Surplus On Record In April


South Korea's trade surplus rose to USD 13.25 billion in April of 2017 from USD 8.70 billion a year earlier. It was the largest trade surplus on record, as exports increased more than imports, preliminary data showed

Year-on-year, sales  surged 24.2 percent from a year earlier to USD 51.01 billion, following a 13.7 percent in the prior month. It was the sixth straight month of growth and the fastest in almost six years, due to a surge in the exports of semi-conductors (56.9 percent) and ships (102.9 percent). Sales also rose for petroleum products (25.6 percent), vehicles (11.6 percent) and flat screens (10.2 percent). In contrast, exports declined for wireless devices (-12.8 percet) and autoparts (-10.4 percent)

Exports to China rose 10.2 percent, marking a double digit growth for a fourth month in a row. Meantime, outbound shipments to the EU countries jumped 64.9 percent, the most since early 2011. Also, sales to Japan (23.8 percent) and the US went up by 3.9 percent.

Imports rose 16.6 percent to USD 37.75 billion, compared to a 26.9 percent gain but below forecast of a 21.0 percent rise.

In March 2017, the trade surplus was downwardly revised to USD 6.27 billion.

For 2017, exports are expected to increase 2.9 percent, supported by improving global demand, while imports are projected to grow at a faster 7.2 percent. 

The trade balance has been in consistent surpluses since February 2012.

Rida Husna | rida@tradingeconomics.com
5/1/2017 3:15:58 AM



South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 13254.00 6270.60 13254.00 -4043.45 USD Million [+]
Exports 51008.00 48849.93 51630.66 14.75 USD Million [+]
Imports 37753.00 42579.33 45873.33 38.61 USD Million [+]
Current Account 5930.00 8400.00 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 405686.50 380948.90 452718.00 80766.40 USD Million [+]
Terms of Trade 104.20 103.40 237.00 86.10 Index Points [+]
Foreign Direct Investment 3851000.00 6249699.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 5999.30 9203.60 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1117400.00 1283300.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1069833.00 1233640.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Weapons Sales 105.00 163.00 331.00 7.00 USD Million [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



South Korea Balance of Trade Notes

Since 2009 South Korea has been recording trade surpluses due to exports growth. The country exports mainly machinery and transport equipment, oil, iron, steel and plastics while it imports oil, electrical machinery, natural gas and food. Main trading partners are: China (26 percent of total exports and 21 percent of total imports) and the United States (13 percent of exports and 10 percent of imports). Others include: Japan, ASEAN countries and Germany. This page provides the latest reported value for - South Korea Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
13254.00 6270.60 13254.00 -4043.45 1966 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17