Exports from South Korea expanded 30.7% yoy to USD their highest since October 2018 of USD 54.80 billion in June 2021, above market forecasts of a 33.6% growth and after a 45.6% rise in May. This was the eighth straight month of increase in outbound shipments, amid strengthening overseas demand in the aftermath of the COVID- crisis. Sales of chips, the country's top export, soared 34.4%, while those of cars and petroleum products surged 62.5% and 79.6%, respectively. Exports also grew for the bio-health sector (13.5%) and rechargeable batteries (39.4%). Shipments to China jumped 14.3%, while those to the US gained 51.9%. Sales also rose to the EU (65.3%). source: Ministry of Trade, Industry & Energy (MOTIE)

Exports in South Korea averaged 15663.70 USD Million from 1966 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Exports in South Korea is expected to be 49800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in South Korea to stand at 50500.00 in 12 months time. In the long-term, the South Korea Exports is projected to trend around 51700.00 USD Million in 2022, according to our econometric models.

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South Korea Exports

Actual Previous Highest Lowest Dates Unit Frequency
54800.00 50730.00 55115.24 14.75 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 12:00 AM Mar 16.6% 9.5% 16.2%
2021-05-01 12:00 AM Apr 41.1% 16.6% 44%
2021-06-01 12:00 AM May 45.6% 41.1% 48.5%
2021-07-01 12:00 AM Jun 39.7% 45.6% 33.6%


News Stream
South Korea Exports Rise More than Estimated
Exports from South Korea expanded 30.7% yoy to USD their highest since October 2018 of USD 54.80 billion in June 2021, above market forecasts of a 33.6% growth and after a 45.6% rise in May. This was the eighth straight month of increase in outbound shipments, amid strengthening overseas demand in the aftermath of the COVID- crisis. Sales of chips, the country's top export, soared 34.4%, while those of cars and petroleum products surged 62.5% and 79.6%, respectively. Exports also grew for the bio-health sector (13.5%) and rechargeable batteries (39.4%). Shipments to China jumped 14.3%, while those to the US gained 51.9%. Sales also rose to the EU (65.3%).
2021-07-01
South Korea Exports Rise the Most in Over 3 Decades
Exports from South Korea jumped 45.6% yoy to USD 50.73 billion in May 2021, after a 41.1% growth in April and compared with market expectations of a 48.5% surge. This was the seventh straight month of increase in outbound shipments and the steepest pace in 32 years, amid strengthening global demand in the aftermath of the COVID- crisis. Sales of semiconductors, the country's top export, soared 24.5%, the eleventh straight month of growth; while those of cars and petrochemical products surged 93.7% and 94.9%, respectively. Exports also grew for mobile devices (41.4%). Shipments to China jumped 22.7%, while those to the US gained 62.8%. Sales also rose to Southeast Asia nations (64.3%), the EU (62.8%), and Japan (32.1%).
2021-06-01
South Korea Exports Rise the Most in Over a Decade
Exports from South Korea soared 41.1% yoy to USD 51.19 billion in April 2021, much faster than a 16.6% growth in March and compared with market expectations of a 44% jump. This was the sixth straight month of increase in outbound shipments and the steepest pace since January 2011, amid strengthening global demand in the aftermath of the COVID- crisis. The latest reading was also supported by a low base in 2020. Sales of semiconductors, the country's top export, surged 30.2%, the tenth straight month of growth; while those of cars and petrochemical products climbed 73.4% and 82.6%, respectively. Exports also grew for displays (43.5%), ships (14.3%), and rechargeable batteries (28%). Shipments to China jumped 31.7%, while those to the US gained 43%. Both sales hit their highest for any April month. Sales also rose to Southeast Asia nations (45.5%), and Japan (23.9%), while shipments to India more than doubled as New Delhi expanded its infrastructure spending.
2021-05-01
South Korea Exports Grow for 5th Month
Exports from South Korea jumped 16.6 percent from a year earlier to USD 53.8 billion in March of 2021, faster than a 9.5 percent increase in the previous month, and above market expectations of a 16.2 percent gain, a preliminary estimate showed. Exports advanced for a fifth straight month, amid strengthening global demand. Exports of chips rose by 8.6 percent, while those of automobile jumping 15.3 percent. Meanwhile, exports of rechargeable batteries were up 23.5 percent on the back of the green energy drive of the new U.S. administration, and those of bio-health products also surging 43.6 percent. Also, exports of ships soared 63.9 percent, as local shipbuilders clinched a series of major deals. At the same time, outbound shipment of petroleum products rose 18.3 percent, the first increase in more than two years. Among key trade partners, exports were up to the US (9.2 percent), China (26 percent), the EU (36.6 percent) and the ASEAN countries (10.8 percent).
2021-04-01

South Korea Exports
South Korea has an export oriented economy and its exports account for more than 50 percent of GDP. The country's exports tumbled 10.3 percent to USD 542.4 billion in 2019 after reaching a record high in the previous year, due to the US-China trade dispute, Japan's restrictions on exports, Brexit, and Hong Kong protests. Main exports were electrical machinery and equipment (28 percent of total exports), nuclear reactors, boilers, machinery and mechanical (13 percent), road vehicles (12 percent), mineral fuels, mineral oils, bituminous substances (8 percent), plastics and articles thereof (6 percent), iron and steel (4 percent), optical, photographic, cinematographic, measuring (4 percent), organic chemicals (4 percent), and ships and boats (3 percent). China was the largest destination of South Korea's shipments (25 percent of total exports), followed by the US (14 percent), Vietnam (9 percent), Hong Kong (6 percent), Japan (5 percent), Taiwan and India (3 percent each), and Singapore, Mexico, Malaysia, Germany and the Philippines (2 percent each).
South Korea Exports by Country Last Previous
China 13078000.00 13185000.00 USD THO Jun/21
United States 8711000.00 7472000.00 USD THO Jun/21
European Union 5208000.00 4900000.00 USD THO Jun/21
Vietnam 4584000.00 4171000.00 USD THO Jun/21
Hong Kong 3478042.00 3094229.00 USD THO Jun/21
Japan 2582000.00 2353000.00 USD THO Jun/21
Taiwan 2052458.00 1951853.00 USD THO Jun/21
Singapore 1170994.00 1403965.00 USD THO Jun/21
India 1168000.00 996000.00 USD THO Jun/21
Germany 1022328.00 949628.00 USD THO Jun/21
Mexico 989690.00 897775.00 USD THO Jun/21
Russia 961216.00 772376.00 USD THO Jun/21
Australia 845081.00 682059.00 USD THO Jun/21
Malaysia 825280.00 965227.00 USD THO Jun/21
Philippines 767583.00 669759.00 USD THO Jun/21
Indonesia 700733.00 692838.00 USD THO Jun/21
Thailand 681423.00 725356.00 USD THO Jun/21
Poland 607878.00 566517.00 USD THO Jun/21
Canada 585085.00 508892.00 USD THO Jun/21
United Kingdom 562063.00 526065.00 USD THO Jun/21
South Korea Exports by Category Last Previous
Heavy Industry Products 46704000.00 42756000.00 USD THO Jun/21
Semi Conductor 11159000.00 10043000.00 USD THO Jun/21
Kcs - General Machinery 4707000.00 4282000.00 USD THO Jun/21
Kcs - Petroleum Chemical 4644000.00 4565000.00 USD THO Jun/21
Metal Goods 4566000.00 4241000.00 USD THO Jun/21
Crude Materials & Fuels 4191000.00 4313000.00 USD THO Jun/21
Kcs - Car 4047000.00 3493000.00 USD THO Jun/21
Passenger Car 3848000.00 3322000.00 USD THO Jun/21
Information & Communications Equipment 3552000.00 3345000.00 USD THO Jun/21
Kcs - Iron and Steel Products 3116000.00 2893000.00 USD THO Jun/21
Light Industry Products 3089000.00 2914000.00 USD THO Jun/21
Petroleum & Derivatives 3007000.00 3096000.00 USD THO Jun/21
Kcs - Petroleum Products 2950000.00 3029000.00 USD THO Jun/21
Kcs - Auto Parts 1961000.00 1819000.00 USD THO Jun/21
Kcs - Ship Class 1949000.00 1369000.00 USD THO Jun/21
Ship & Boat 1895000.00 1320000.00 USD THO Jun/21
Kcs - Computer 1425000.00 1281000.00 USD THO Jun/21
Heavy Industry Products - Computer 1417000.00 1248000.00 USD THO Jun/21
Kcs - Fiber 1125000.00 1076000.00 USD THO Jun/21
Kcs - Wireless Communication Machine 1050000.00 1198000.00 USD THO Jun/21

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category