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

Exports from South Korea dropped 1.5 percent from a year earlier to USD 50.1 billion in April 2018, missing market expectations of a 4.1 percent increase and following a 6.1 percent growth in the previous month. The fall marked the first month of decline in exports since October 2016, due to a high base of comparison in April 2017 and softer global demand. Among major trading partners, exports to the United States went down 1.8 percent, the third straight month of decline, as sales of cars and smartphones fell. Also, exports to the EU slumped 21.2 percent and those to Vietnam dropped 17.6 percent. On the other hand, outbound shipments to China surged 23 percent and marked 18 consecutive months of expansion, driven by memory chips, petrochemical products and machinery. In the first four months of the year, exports rose 6.9 percent to USD 195.5 billion. Exports in South Korea averaged 13797.11 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
2018-03-01 12:00 AM Exports YoY 4% 22.3% 0.4%
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 -1.5% 4.1%
2018-07-01 12:00 AM Exports YoY
2018-08-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 6611.00 6775.38 13419.36 -4043.46 USD Million [+]
Exports 50060.00 51583.47 55115.24 14.75 USD Million [+]
Imports 43449.00 44808.09 45873.33 38.61 USD Million [+]
Current Account 5180.00 3960.00 12290.00 -3756.80 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
External Debt 418823.50 409127.30 452718.00 80766.40 USD Million [+]
Terms of Trade 100.40 101.90 237.00 86.10 Index Points [+]
Foreign Direct Investment 4934000.00 9361000.00 9361000.00 0.00 USD Thousand [+]
Capital Flows 4217.80 4199.70 12748.40 -3385.80 USD Million [+]
Tourism Revenues 1393700.00 1134000.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1366100.00 1045415.00 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
50060.00 51583.47 55115.24 14.75 1966 - 2018 USD Million Monthly




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