South Korea Balance of Trade - Forecast

Balance of Trade in South Korea is expected to be 3200.00 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 6450.00 in 12 months time. In the long-term, the South Korea Balance of Trade is projected to trend around 5800.00 USD Million in 2020, according to our econometric models.


Forecast Data Chart
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South Korea Trade Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 9746 3200 4230 5440 6450 5800
Exports 50585 48100 49100 50300 51200 50800
Imports 40839 44900 44870 44860 44750 45000
Current Account 8440 10680 9800 7500 7900 9010
Current Account to GDP 5.6 6.2 6.1 6.1 6.1 5.8
External Debt 440544 450000 436500 427700 421000 431000
Terms of Trade 98 95.6 96.84 97.19 91.48 89.36
Foreign Direct Investment 10819799 8370000 4970000 6830000 4179000 9040000
Capital Flows 7272 4900 4500 6300 5200 7500
Tourism Revenues 1381400 1350000 1277000 1273000 1375000 1420000
Tourist Arrivals 1391727 1320000 1353300 1195000 1212000 1380000
Gold Reserves 104 104 104 104 104 104
Terrorism Index 0.61 0.2 0.2 0.2 0.2 0.1
Weapons Sales 587 590 550 550 550 560