South Korea Exports  1966-2017 | Data | Chart | Calendar | Forecast | News

Exports from South Korea jumped 35 percent from a year earlier to USD 55.1 billion in September of 2017, following a downwardly revised 17.3 percent rise in the prior month and beating consensus of a 21.6 percent growth. It was the ninth straight month of double-digit growth in outbound shipments, marking the largest monthly total in South Korean history, eclipsing the earlier record of USD 51.6 billion in October 2014. Exports of semiconductors posted record sales of USD 9.69 billion. It was the first time that monthly outbound shipment of computer chips topped the USD 9 billion. Meantime, sales of steel products more than doubled to reach a fresh record high of USD 4.67 billion. Sales to China went up 23.4 percent from a year earlier, the longest stretch of exports to South Korea's bigger neighbor since 2014. Sales to the US soared by 28.9 percent and those to the EU jumped by 23 percent. For 2017, exports are projected to rise 2.9 percent, supported by improving global demand. Exports in South Korea averaged 13339.76 USD Million from 1966 until 2017, reaching an all time high of 51630.66 USD Million in October of 2014 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
2017-08-01 12:00 AM Exports YoY 19.5% 13.6% 17.4%
2017-09-01 12:00 AM Exports YoY 17.4% 19.5% 14.3%
2017-10-01 01:10 AM Exports YoY 35% 17.3% 21.6%
2017-11-01 12:00 AM Exports YoY 35%
2017-12-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 13800.00 6600.00 13800.00 -4043.46 USD Million [+]
Exports 55100.00 47116.00 55100.00 14.75 USD Million [+]
Imports 41400.00 40500.00 45873.33 38.61 USD Million [+]
Current Account 6061.10 7261.30 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 407340.70 405686.50 452718.00 80766.40 USD Million [+]
Terms of Trade 105.60 106.70 237.00 86.10 Index Points [+]
Foreign Direct Investment 3991000.00 5745000.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 9103.20 9785.30 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1360100.00 956800.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1103506.00 1008671.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]
Weapons Sales 534.00 165.00 534.00 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
55100.00 47116.00 55100.00 14.75 1966 - 2017 USD Million Monthly