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

Exports from South Korea jumped by 22.2 percent from a year earlier to USD 49.2 billion in January of 2018, much faster than a 8.9 percent growth in December 2017 and compared to market estimates of a 22.9 percent rise. It marked the 15th straight month of rise in sales, the longest run of gains since 2011, driven by higher demand of memory chips and petrochemical products. Exports to China jumped by 24.5 percent from a year earlier; while those to ASEAN soared 37.2 percent, due to high demand on IT products. Also, sales to the US grew by 4.8 percent, supported by strong demand for general machinery and petrochemical products. In 2017, sales grew by 15.8 percent compared to the same period the prior year to reach an all-time high of USD 573.9 billion. For 2018, exports are projected to rise by 4 percent amid strengthening local currency and potential geopolitical risks. Exports in South Korea averaged 13629.31 USD Million from 1966 until 2018, reaching an all time high of 55118.41 USD Million in September of 2017 and a record low of 14.75 USD Million in January of 1966.

South Korea Exports
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-12-01 12:00 AM Exports YoY 9.6% 7.1% 9.6%
2018-01-01 12:00 AM Exports YoY 8.9% 9.5% 10.3%
2018-02-01 12:00 AM Exports YoY 22.2% 8.9% 22.9%
2018-03-01 12:00 AM Exports YoY 22.2% 22.9%
2018-04-01 12:00 AM Exports YoY
2018-05-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 3700.00 5540.00 13433.63 -4043.46 USD Million [+]
Exports 49210.00 49065.14 55118.41 14.75 USD Million [+]
Imports 45489.00 43525.99 45873.33 38.61 USD Million [+]
Current Account 4090.00 7430.00 12290.00 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 418823.50 409127.30 452718.00 80766.40 USD Million [+]
Terms of Trade 102.60 103.40 237.00 86.10 Index Points [+]
Foreign Direct Investment 9361000.00 3991000.00 9361000.00 0.00 USD Thousand [+]
Capital Flows 6315.90 10476.80 12748.40 -3385.80 USD Million [+]
Tourism Revenues 1074200.00 1121100.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 956036.00 1134068.00 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 534.00 165.00 534.00 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
49210.00 49065.14 55118.41 14.75 1966 - 2018 USD Million Monthly




Related

Latest