South Korea's trade surplus increased to USD 5.98 billion in October 2020 from USD 5.25 billion in the same month a year earlier, a preliminary estimate showed. Exports fell 3.6 percent from a year earlier to USD 44.9 billion, while imports dropped 5.8 percent to USD 39 billion, amid the coronavirus pandemic. Considering the first ten months of 2020, the surplus widened slightly to USD 33.69 billion from USD 33.60 billion in the same period of 2019. source: Ministry of Trade, Industry & Energy (MOTIE)

Balance of Trade in South Korea averaged 1128.95 USD Million from 1966 until 2020, reaching an all time high of 13419.36 USD Million in September of 2017 and a record low of -4043.46 USD Million in January of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Balance of Trade in South Korea is expected to be 5800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in South Korea to stand at 5800.00 in 12 months time. In the long-term, the South Korea Balance of Trade is projected to trend around 5800.00 USD Million in 2021, according to our econometric models.

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South Korea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5981.00 8695.96 13419.36 -4043.46 1966 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-01 12:00 AM Jul $4.27B $3.67B $3.3B
2020-09-01 12:00 AM Aug $4.12B $4.13B $3.9B
2020-10-01 12:00 AM Sep $8.88B $3.84B $ 9.5B
2020-11-01 12:00 AM Oct $5.98B $8.7B $6.5B
2020-12-01 12:00 AM Nov $5.98B $6.1B
2021-01-01 12:00 AM Dec
2021-02-01 12:00 AM Jan
2021-03-01 12:00 AM Feb


News Stream
South Korea Trade Surplus Widens in October
South Korea's trade surplus increased to USD 5.98 billion in October 2020 from USD 5.25 billion in the same month a year earlier, a preliminary estimate showed. Exports fell 3.6 percent from a year earlier to USD 44.9 billion, while imports dropped 5.8 percent to USD 39 billion, amid the coronavirus pandemic. Considering the first ten months of 2020, the surplus widened slightly to USD 33.69 billion from USD 33.60 billion in the same period of 2019.
2020-11-01
South Korea Trade Surplus Widens in September
South Korea's trade surplus increased to USD 8.88 billion in September 2020 from USD 5.89 billion in the same month a year earlier, a preliminary estimate showed. Exports (+7.7% YoY) and imports (+1.1% YoY) grew for the first time in seven months and beat market expectations as global demand picked up at the of the third quarter. Considering the first nine months of 2020, the surplus narrowed modestly to USD 27.90 billion from USD 28.35 billion in the same period of 2019.
2020-10-01
South Korea Trade Surplus Widens
South Korea's trade surplus increased to USD 4.12 billion in August 2020 from USD 1.56 billion in the same month a year earlier, a preliminary estimate showed. Exports and imports declined for a sixth consecutive month as the coronavirus crisis continued to weigh on global demand. Considering the first eight months of 2020, the surplus narrowed to USD 19.29 billion from USD 22.46 billion in the same period of 2019.
2020-09-01
South Korea Trade Surplus Widens in July
South Korea's trade surplus increased to USD 4.27 billion in July 2020 from USD 2.32 billion in the same month a year earlier, following the reopening of the economy, a preliminary estimate showed. Exports dropped 7 percent after falling 10.9 percent in the previous month, while imports plunged 11.9 percent after declining 11.4 percent. Considering the first seven months of 2020, the surplus narrowed to USD 15.1 billion from USD 20.9 billion in the same period of 2019.
2020-08-01

South Korea Balance of Trade
South Korea remained as a net exporter for the 11th consecutive year in 2019 with a trade surplus of USD 39.2 billion, despite a downturn in semiconductors, petrochemicals, and petroleum products industry and challenges such as the US-China trade dispute, Japan’s restrictions on exports, Brexit, and Hong Kong protests.