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

Exports from South Korea jumped 24.2 percent from a year earlier to USD 51.01 billion in April of 2017, following a 13.7 percent rise in the prior month and beating market expectations of a 15.3 percent increase. It was the sixth straight month of growth and the fastest in almost six years, due to a surge in the exports of semi-conductors (56.9 percent) and ships (102.9 percent). Sales also rose for petroleum products (25.6 percent), vehicles (11.6 percent) and flat screens (10.2 percent). In contrast, exports declined for wireless devices (-12.8 percent) and auto parts (-10.4 percent). Exports to China rose 10.2 percent, marking a double digit growth for a fourth month in a row. Meantime, outbound shipments to the EU countries soared 64.9 percent, the most since early 2011. Also, sales to Japan advanced 23.8 percent and those to the US went up by 3.9 percent. Exports in South Korea averaged 13114.82 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 Reference Actual Previous Consensus Forecast (i)
2017-03-01 12:00 AM Feb 20.2% 11.2% 14.7%
2017-04-01 12:00 AM Mar 13.7% 20.2% 13%
2017-05-01 12:00 AM Apr 24.2% 13.6% 15.3%
2017-06-01 12:00 AM May 24.2%
2017-07-01 12:00 AM Jun
2017-08-01 12:00 AM Jul




South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 13254.00 6270.60 13254.00 -4043.45 USD Million [+]
Exports 51008.00 48849.93 51630.66 14.75 USD Million [+]
Imports 37753.00 42579.33 45873.33 38.61 USD Million [+]
Current Account 5930.00 8400.00 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 405686.50 380948.90 452718.00 80766.40 USD Million [+]
Terms of Trade 104.20 103.40 237.00 86.10 Index Points [+]
Foreign Direct Investment 3851000.00 6249699.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 5999.30 9203.60 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1117400.00 1283300.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1069833.00 1233640.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Weapons Sales 105.00 163.00 331.00 7.00 USD Million [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]

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South Korea Exports Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
51008.00 48849.93 51630.66 14.75 1966 - 2017 USD Million Monthly