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

Exports from South Korea increased by 13.5 percent from a year earlier to USD 51 billion in May 2018, beating market consensus of a 12.7 percent growth and after a 1.5 percent fall in the prior month. Sales surged for chips (44.5 percent); and petrochemical goods (26.8 percent). Also, exports of machinery went up 15.8 percent. On the other hand, outbound shipments declined for flat panel displays (-21 percent); and ships (-67 percent). Among major trading partners, exports to China soared 30 percent, followed by those to the US (11.8 percent) and the EU countries (5.7 percent). In contrast, outbound shipments to the ASEAN countries contracted 2.2 percent.For 2018, exports are expected to grew by 4 percent amid strengthening local currency and potential retreat in emerging markets. Exports in South Korea averaged 13856.14 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
2018-04-01 12:00 AM Exports YoY 6.1% 3.9% 0.4%
2018-05-01 12:00 AM Exports YoY -1.5% 6.1% 4.1%
2018-06-01 12:00 AM Exports YoY 13.5% -1.5% 12.7%
2018-07-01 12:00 AM Exports YoY 13.5%
2018-08-01 12:00 AM Exports YoY
2018-09-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 6732.00 6609.15 13419.36 -4043.46 USD Million [+]
Exports 50984.00 50060.72 55115.24 14.75 USD Million [+]
Imports 44252.00 43451.57 45873.33 38.61 USD Million [+]
Current Account 1770.00 5180.00 12287.50 -3756.80 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
External Debt 433886.70 418823.50 452718.00 80766.40 USD Million [+]
Terms of Trade 98.60 100.40 237.00 86.10 Index Points [+]
Foreign Direct Investment 4934000.00 9361000.00 9361000.00 0.00 USD Thousand [+]
Capital Flows -50.80 4217.80 12748.40 -3385.80 USD Million [+]
Tourism Revenues 1393700.00 1134000.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1331709.00 1366100.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
50984.00 50060.72 55115.24 14.75 1966 - 2018 USD Million Monthly




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