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

Exports from South Korea increased by 6.2 percent year-on-year to USD 51.9 billion, compared to market consensus of a 7 percent gain and recovering from a 0.2 percent fall in June. Sales went up for steel (34 percent); semiconductors (31.6 percent); petrochemical products (24.1 percent); and autoparts (7.2 percent). In contrast, outbound shipments declined for vehicles (-13.5 percent); and ships (-73.4 percent). Among major trading partners, exports to China, South Korea’s largest trading partner, soared 27.3 percent, marking the 21st straight month of growth, driven by robust memory chip sales. In addition, sales to US and Japan went up by 8.8 percent and 17.6 percent, respectively. On the other hand, sales fell to the ASEAN countries (-1.6 percent) and India (-5.4 percent). Exports in South Korea averaged 13974.88 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
2018-06-01 12:00 AM Exports YoY 13.5% -1.5% 12.7%
2018-07-01 12:00 AM Exports YoY -0.1% 13.5% 0.4%
2018-08-01 12:00 AM Exports YoY 6.2% -0.2% 7% 0.5%
2018-09-01 12:00 AM Exports YoY 6.2%
2018-10-01 01:10 AM Exports YoY
2018-11-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 7006.00 6240.39 13419.36 -4043.46 USD Million [+]
Exports 51882.00 51184.67 55115.24 14.75 USD Million [+]
Imports 44876.00 44944.29 45873.33 38.61 USD Million [+]
Current Account 7380.00 8680.60 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 97.10 97.50 237.00 86.10 Index Points [+]
Foreign Direct Investment 10820000.00 4934000.00 10820000.00 0.00 USD Thousand [+]
Capital Flows 4721.30 6862.30 12748.40 -3385.80 USD Million [+]
Tourism Revenues 1348900.00 1278700.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1282093.00 1238021.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
51882.00 51184.67 55115.24 14.75 1966 - 2018 USD Million Monthly




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