South Korea Balance of Trade - Forecast

Balance of Trade in South Korea is expected to be 7703.00 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 14800.00 in 12 months time. In the long-term, the South Korea Balance of Trade is projected to trend around 17300.00 USD Million in 2020, according to our econometric models.


South Korea Balance of Trade
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South Korea Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 5783 7703 8900 5445 14800 17300
Exports 49068 47836 48900 48143 48100 50800
Imports 43285 40133 40133 42479 40900 49000
Current Account 7430 12500 8700 5040 10680 9010
Current Account to GDP 7 6.2 6.2 5.64 6.2 5.8
External Debt 409127 378000 380000 404901 456000 461000
Terms of Trade 105 106 106 106 104 106
Foreign Direct Investment 9361000 4729521 6291638 4212425 8370000 9040000
Capital Flows 10477 10117 12117 7167 12300 14800
Tourism Revenues 1071100 1600000 1500000 1036596 1600000 1920000
Tourist Arrivals 1093217 1294735 1710000 1037700 2420000 2890000
Gold Reserves 104 104 103 102 101 93.23
Weapons Sales 534 220 220 271 220 260
Terrorism Index 0.61 0.2 0.2 0.7 0.2 0.4