South Korea Exports  1966-2018 | Data | Chart | Calendar | Forecast | News

Exports from South Korea slumped by 8.2% year-on-year to USD 50.6 billion in September of 2018, the steepest since July 2016,due to fewer working days and a high base affect, beating market expectations of a 5.7% fall and after a 8.7% rise in August. Exports of vehicles slumped 22.4%, due to fewer working days, despite upbeat in exports to the US. On the other hand, exports of ships tumbled 55.5%, due to high base effect and slumping global demand. Also, sales of displays went down 12.1%. In contrast, sales of semiconductors jumped 28.3%, driven by solid sales of high-value memory chips and storage devices. Also, sales of petroleum goods grew 13.5%, supported by solid demand and higher oil prices. Among major trading partners, sales to the US dropped 11.8%, due to a fall in demand for petroleum goods and wireless communication equipment. Meanwhile, exports to China, South Korea’s largest trading partner, increased 7.8%, marking the 23rd straight month of growth. Exports in South Korea averaged 14090.74 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.

South Korea Exports
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-01 12:00 AM Exports YoY 6.2% -0.2% 7% 0.5%
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 -8.2%
2018-11-30 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 9746.00 6852.61 13419.36 -4043.46 USD Million [+]
Exports 50585.00 51197.58 55115.24 14.75 USD Million [+]
Imports 40839.00 44344.97 45873.33 38.61 USD Million [+]
Current Account 8439.80 8757.80 12287.50 -3756.80 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
External Debt 440543.60 433886.70 452718.00 80766.40 USD Million [+]
Terms of Trade 98.00 97.50 237.00 86.10 Index Points [+]
Foreign Direct Investment 10819799.00 4933728.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 7271.70 10449.50 12440.20 -3385.80 USD Million [+]
Tourism Revenues 1381400.00 1239300.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1391727.00 1254833.00 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 [+]

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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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
50585.00 51197.58 55115.24 14.75 1966 - 2018 USD Million Monthly




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