Exports from South Korea increased by 4.5 percent year-on-year to USD 51.92 billion in November of 2018, following a 22.7 percent surge in October and below market consensus of a 6.6 percent gain. It was the second straight month of growth in outbound shipments, amid ongoing trade row between China and the US. Exports of semiconductors jumped 11.6, led by solid sales of chips and storage devices. Also, sales of petrochemical products surged 23.5 percent. In contrast, sales of vehicles fell 2 percent, amid weak demand in the Middle East and tougher environmental regulations in Europe. Exports of displays fell 10 percent, due to a drop in prices of liquid crystal displays. Sales increased 7.9 percent to the US, mainly driven by vehicles, general machinery and semiconductors. In contrast, exports to China, South Korea's top trading partner, shrank 2.5 percent, reaching the first drop in over 2 years, amid sluggish sales of wireless communication equipment and displays. Exports in South Korea averaged 14214.61 USD Million from 1966 until 2018, reaching an all time high of 55115.24 USD Million in September of 2017 and a record low of 14.75 USD Million in January of 1966.

Exports in South Korea is expected to be 48100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in South Korea to stand at 51200.00 in 12 months time. In the long-term, the South Korea Exports is projected to trend around 50800.00 USD Million in 2020, according to our econometric models.

South Korea Exports
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-01 12:00 AM Exports YoY 8.7% 6.2% 10.1%
2018-10-01 12:00 AM Exports YoY -8.2% 8.7% -5.7%
2018-11-01 12:00 AM Exports YoY 22.7% -8.2% 17%
2018-12-01 12:00 AM Exports YoY 4.5% 22.7% 6.6%
2019-01-01 12:00 AM Exports YoY 4.5%
2019-02-01 12:00 AM Exports YoY
2019-03-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 5139.00 6466.15 13419.36 -4043.46 USD Million [+]
Current Account 9190.00 8439.80 12287.50 -3756.80 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
Imports 46784.00 48477.78 48477.78 38.61 USD Million [+]
Exports 51923.00 54943.93 55115.24 14.75 USD Million [+]
External Debt 449529.10 440543.60 452718.00 80766.40 USD Million [+]
Terms of Trade 95.90 97.10 237.00 86.10 Index Points [+]
Foreign Direct Investment 3448981.00 10819799.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 10670.50 9802.30 12440.20 -3385.80 USD Million [+]
Tourism Revenues 1356500.00 1381400.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1527832.00 1278604.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.61 0.23 2.62 0.00 [+]
Weapons Sales 587.00 585.00 587.00 7.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



South Korea Exports

South Korea has an export oriented economy and its exports accounts for more than 50% of GDP. The country exports mainly machinery and transport equipment (59 percent of total exports) such as: electrical machinery, apparatus, appliances and electrical parts (18 percent); road vehicles (13 percent); telecommunications, sound recording; reproducing apparatus and equipment (8 percent). Other exports include: petroleum, petroleum products, related materials (6 percent); iron, steel (4 percent) and plastics (4 percent). Major export partners are China (26 percent of total exports), the United States (13 percent) Hong Kong (6 percent), Vietnam, Japan (5 percent each) and Singapore (3 percent). Others include: India, Taiwan, Mexico, Australia, Saudi Arabia and Philippines. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
51923.00 54943.93 55115.24 14.75 1966 - 2018 USD Million Monthly




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