South Korea trade surplus soared sharply to USD 2.93 billion in May 2021 from USD 0.2 billion in the same a year earlier. Exports climbed 45.6% yoy to USD 50.73 billion, while imports grew at a slower 37.9% to USD 47.81 billion. Considering the first five months of the year, the trade surplus widened sharply to USD 13.87 billion from USD 7.11 in the same period of 2020. source: Ministry of Trade, Industry & Energy (MOTIE)

Balance of Trade in South Korea averaged 1154.88 USD Million from 1966 until 2021, 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 June of 2021.

Balance of Trade in South Korea is expected to be 5708.00 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 6700.00 in 12 months time. In the long-term, the South Korea Balance of Trade is projected to trend around 6700.00 USD Million in 2022, according to our econometric models.

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South Korea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2930.00 430.00 13419.36 -4043.46 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-01 12:00 AM Feb $2.71B $3.76B $4.3B
2021-04-01 12:00 AM Mar $4.17B $2.71B $ 5.7B
2021-05-01 12:00 AM Apr $0.39B $4.13B $4.3B
2021-06-01 12:00 AM May $2.93B $0.43B $3.2B
2021-07-01 12:00 AM Jun $2.93B $ 6.8B
2021-08-01 12:00 AM Jul
2021-09-01 12:00 AM Aug
2021-10-01 12:00 AM Sep $ 6.8B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Korea Trade Surplus Surges
South Korea trade surplus soared sharply to USD 2.93 billion in May 2021 from USD 0.2 billion in the same a year earlier. Exports climbed 45.6% yoy to USD 50.73 billion, while imports grew at a slower 37.9% to USD 47.81 billion. Considering the first five months of the year, the trade surplus widened sharply to USD 13.87 billion from USD 7.11 in the same period of 2020.
2021-06-01
South Korea Trade Balance Swings to Surplus in April
South Korea registered a trade surplus of USD 0.39 billion in April 2021, shifting from a deficit of USD 1.66 billion in the same month a year earlier, a preliminary estimate showed. Year-on-year, exports jumped 41.1 percent to USD 51.19 billion, while imports grew by 33.9 percent to a record high of USD 50.80 billion. Considering the first four months of the year, the trade surplus widened to USD 10.94 billion from USD 7.01 in the same period of 2020.
2021-05-01
South Korea Trade Surplus Narrows in March
South Korea's trade surplus declined to USD 4.17 billion in March of 2021 from USD 4.36 billion in the same month a year earlier, a preliminary estimate showed. Exports expanded for a fifth straight month and by 16.6 percent from a year earlier to USD 53.8 billion while imports rose 18.8 percent to USD 49.6 billion.
2021-04-01
South Korea Trade Surplus Narrows in February
South Korea's trade surplus decreased to USD 2.71 billion in February of 2021 from USD 3.92 billion in the same month a year earlier, a preliminary estimate showed. Exports expanded for a fourth straight month and by 9.5 percent from a year earlier to USD 44.8 billion while imports rose 13.9 percent to USD 42.1 billion.
2021-03-01

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.