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

Exports from South Korea jumped 17.4 percent from a year earlier to USD 47.11 billion in August of 2017, following a 19.5 percent rise in the prior month and beating consensus of a 14.3 percent growth. It was the eighth straight month of double-digit growth in outbound shipments, the longest stretch of increase at such pace since 2011. Exports of semiconductors posted record sales of USD 8.76 billion and those of flat screens hit record high of USD 860 million. Sales to China went up 15.6 percent from a year earlier, the longest stretch of exports to South Korea's bigger neighbor since 2014. Sales to the EU soared by 43.2 percent and those to the US jumped by 23.3 percent. Meantime, exports to Japan grew by 5.5 percent, led by a rise in shipments of machinery and steel products in the run-up to the 2020 Tokyo Olympics. For 2017, exports are expected to increase 2.9 percent, supported by improving global demand. Exports in South Korea averaged 13339.76 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 Actual Previous Consensus TEForecast
2017-07-01 12:00 AM Exports YoY 13.7% 13.3%
2017-08-01 12:00 AM Exports YoY 19.5% 13.6% 17.4%
2017-09-01 12:00 AM Exports YoY 17.4% 19.5% 14.3%
2017-10-01 12:00 AM Exports YoY 17.4%
2017-11-01 12:00 AM Exports YoY
2017-12-01 12:00 AM Exports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 7013.00 10287.66 12861.56 -4043.46 USD Million [+]
Exports 47116.00 48843.00 51630.66 14.75 USD Million [+]
Imports 40102.00 38556.33 45873.33 38.61 USD Million [+]
Current Account 7261.30 7007.00 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 407340.70 405686.50 452718.00 80766.40 USD Million [+]
Terms of Trade 106.70 105.90 237.00 86.10 Index Points [+]
Foreign Direct Investment 5745000.00 3851000.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 9785.30 8689.70 12277.90 -3385.80 USD Million [+]
Tourism Revenues 956800.00 1012900.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1008671.00 991802.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]
Weapons Sales 534.00 165.00 534.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
47116.00 48843.00 51630.66 14.75 1966 - 2017 USD Million Monthly