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.

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South Korea Exports

Actual Previous Highest Lowest Dates Unit Frequency
53229.00 55434.19 55434.19 14.75 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 12:00 AM May 45.6% 41.1% 48.5%
2021-07-01 12:00 AM Jun 39.7% 45.6% 33.6%
2021-08-01 12:00 AM Jul 29.6% 39.7% 30.2%
2021-09-01 12:00 AM Aug 34.9% 29.6% 35.7%


News Stream
South Korea Exports Rise for 10th Month
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%).
2021-09-01
South Korea Exports Rise Less than Expected
Exports from South Korea advanced 29.6% yoy to a record high of USD 55.4 billion in July 2021, but below market forecasts of a 30.2% growth and after a 39.7% jump in June. This was the ninth straight month of increase in outbound shipments, amid strengthening overseas demand in the aftermath of the COVID- crisis. Sales of chips, the country's top export, surged 39.6%, while those of petrochemicals and petroleum jumped 60 % and 73%, respectively. Exports also grew for the bio-health sector (27.2%) and rechargeable batteries (30%). At the same time, sales of cars rose by 12.3 percent. Shipments to China soared 15.7%, while those to the US gained 32%. Sales also rose to Japan (28%). Meanwhile, sales to the EU and the ASEAN countries jumped 44.0% and 36.8%, respectively.
2021-08-01
South Korea Exports Rise More than Estimated
Exports from South Korea expanded 30.7% yoy to USD their highest since October 2018 of USD 54.80 billion in June 2021, above market forecasts of a 33.6% growth and after a 45.6% rise in May. This was the eighth straight month of increase in outbound shipments, amid strengthening overseas demand in the aftermath of the COVID- crisis. Sales of chips, the country's top export, soared 34.4%, while those of cars and petroleum products surged 62.5% and 79.6%, respectively. Exports also grew for the bio-health sector (13.5%) and rechargeable batteries (39.4%). Shipments to China jumped 14.3%, while those to the US gained 51.9%. Sales also rose to the EU (65.3%).
2021-07-01
South Korea Exports Rise the Most in Over 3 Decades
Exports from South Korea jumped 45.6% yoy to USD 50.73 billion in May 2021, after a 41.1% growth in April and compared with market expectations of a 48.5% surge. This was the seventh straight month of increase in outbound shipments and the steepest pace in 32 years, amid strengthening global demand in the aftermath of the COVID- crisis. Sales of semiconductors, the country's top export, soared 24.5%, the eleventh straight month of growth; while those of cars and petrochemical products surged 93.7% and 94.9%, respectively. Exports also grew for mobile devices (41.4%). Shipments to China jumped 22.7%, while those to the US gained 62.8%. Sales also rose to Southeast Asia nations (64.3%), the EU (62.8%), and Japan (32.1%).
2021-06-01

South Korea Exports
South Korea has an export oriented economy and its exports account for more than 50 percent of GDP. The country's exports tumbled 10.3 percent to USD 542.4 billion in 2019 after reaching a record high in the previous year, due to the US-China trade dispute, Japan's restrictions on exports, Brexit, and Hong Kong protests. Main exports were electrical machinery and equipment (28 percent of total exports), nuclear reactors, boilers, machinery and mechanical (13 percent), road vehicles (12 percent), mineral fuels, mineral oils, bituminous substances (8 percent), plastics and articles thereof (6 percent), iron and steel (4 percent), optical, photographic, cinematographic, measuring (4 percent), organic chemicals (4 percent), and ships and boats (3 percent). China was the largest destination of South Korea's shipments (25 percent of total exports), followed by the US (14 percent), Vietnam (9 percent), Hong Kong (6 percent), Japan (5 percent), Taiwan and India (3 percent each), and Singapore, Mexico, Malaysia, Germany and the Philippines (2 percent each).
South Korea Exports by Country Last Previous
China 13874000.00 13571000.00 USD THO Aug/21
United States 7706000.00 8715000.00 USD THO Aug/21
European Union 5044000.00 5333000.00 USD THO Aug/21
Vietnam 4854000.00 4937000.00 USD THO Aug/21
Hong Kong 2873339.00 3478042.00 USD THO Jul/21
Japan 2536000.00 2559000.00 USD THO Aug/21
Taiwan 2018025.00 2052458.00 USD THO Jul/21
Singapore 1568734.00 1170994.00 USD THO Jul/21
India 1317000.00 1230000.00 USD THO Aug/21
Mexico 1128392.00 989690.00 USD THO Jul/21
Australia 900836.00 845081.00 USD THO Jul/21
Russia 826944.00 961216.00 USD THO Jul/21
Philippines 786057.00 767583.00 USD THO Jul/21
Thailand 777865.00 681423.00 USD THO Jul/21
Germany 773258.00 1022328.00 USD THO Jul/21
Malaysia 747933.00 825280.00 USD THO Jul/21
Indonesia 689899.00 700733.00 USD THO Jul/21
Poland 585492.00 607878.00 USD THO Jul/21
Canada 578597.00 585085.00 USD THO Jul/21
United Kingdom 564167.00 562063.00 USD THO Jul/21
South Korea Exports by Category Last Previous
Heavy Industry Products 46913000.00 46704000.00 USD THO Jul/21
Semi Conductor 11727000.00 10997000.00 USD THO Aug/21
Kcs - Petroleum Chemical 4978000.00 4716000.00 USD THO Aug/21
Crude Materials & Fuels 4626000.00 4191000.00 USD THO Jul/21
Metal Goods 4624000.00 4566000.00 USD THO Jul/21
Kcs - General Machinery 4066000.00 4449000.00 USD THO Aug/21
Passenger Car 3890000.00 3848000.00 USD THO Jul/21
Information & Communications Equipment 3781000.00 3552000.00 USD THO Jul/21
Petroleum & Derivatives 3614000.00 3007000.00 USD THO Jul/21
Kcs - Iron and Steel Products 3155000.00 3146000.00 USD THO Aug/21
Kcs - Petroleum Products 3085000.00 3546000.00 USD THO Aug/21
Light Industry Products 3085000.00 3089000.00 USD THO Jul/21
Kcs - Car 3032000.00 4103000.00 USD THO Aug/21
Ship & Boat 1893000.00 1895000.00 USD THO Jul/21
Kcs - Computer 1651000.00 1490000.00 USD THO Aug/21
Kcs - Ship Class 1626000.00 1953000.00 USD THO Aug/21
Kcs - Auto Parts 1583000.00 1994000.00 USD THO Aug/21
Heavy Industry Products - Computer 1442000.00 1417000.00 USD THO Jul/21
Kcs - Wireless Communication Machine 1352000.00 1167000.00 USD THO Aug/21
Kcs - Fiber 942000.00 1141000.00 USD THO Aug/21

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category