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

Exports from South Korea increased by 9.6 percent from a year earlier to USD 49.7 billion in November of 2017, faster than a 7.1 percent rise in the previous month but below market expectations of a 10.2 percent. It marked the 14th straight month of growth in outbound shipments, the longest run of increases since 2011, driven by higher sales of memory chips and machinery and petrochemical products. Exports to China rose 20.5 percent from a year earlier, followed by those to the ASEAN countries (13.4 percent). Also, sales to the US recovered after a decline in October, supported by demand for wireless communications and computers as well as petrochemical and machinery. Exports in South Korea averaged 13515.97 USD Million from 1966 until 2017, reaching an all time high of 55100 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
2017-10-01 01:10 AM Exports YoY 35% 17.3% 21.6%
2017-11-01 12:00 AM Exports YoY 7.1% 35% 7.1%
2017-12-01 12:00 AM Exports YoY 9.6% 7.1% 9.6%
2018-01-01 12:00 AM Exports YoY 9.6%
2018-02-01 12:00 AM Exports YoY
2018-03-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 7800.00 7140.00 13460.00 -4043.46 USD Million [+]
Exports 49700.00 45000.00 55100.00 14.75 USD Million [+]
Imports 41800.00 37800.00 45873.33 38.61 USD Million [+]
Current Account 5720.00 12290.00 12290.00 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 409127.30 407340.70 452718.00 80766.40 USD Million [+]
Terms of Trade 104.80 105.60 237.00 86.10 Index Points [+]
Foreign Direct Investment 3991000.00 5745000.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 8429.00 12748.40 12748.40 -3385.80 USD Million [+]
Tourism Revenues 1071100.00 1209500.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1165638.00 1078653.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Weapons Sales 534.00 165.00 534.00 7.00 USD Million [+]
Terrorism Index 0.61 0.23 2.62 0.00 [+]

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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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
49700.00 45000.00 55100.00 14.75 1966 - 2017 USD Million Monthly