Exports from South Korea rose 34.9% yoy to USD 53.93 billion in August 2021, compared with market consensus of 35.7% and after a 29.6% growth in July, preliminary data showed. This was the tenth straight month of expansion in sales, amid robust foreign demand in the wake of the COVID-19 pandemic. Exports of semiconductors, petrochemicals, and cars jumped 43.0%, 81.5%, and 16.9%, respectively. In addition, shipments grew for wireless devices (62.2%), bio-health products (17.1%), and secondary batteries (10.9%). Shipments rose to China (26.8%), the US (38%), Japan (44%), the EU (41.6%), and the ASEAN (27.2%). source: Ministry of Trade, Industry & Energy (MOTIE)
Exports in South Korea averaged 15779.53 USD Million from 1966 until 2021, reaching an all time high of 55434.19 USD Million in July of 2021 and a record low of 14.75 USD Million in January of 1966. This page provides the latest reported value for - South Korea Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Exports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Exports in South Korea is expected to be 49800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Exports is projected to trend around 51700.00 USD Million in 2022, according to our econometric models.