South Korea's trade surplus decreased sharply to USD 1.67 billion in August 2021 from USD 3.65 billion in the same month a year earlier, a preliminary reading showed This was the smallest trade surplus since April, amid an ongoing coronavirus pandemic. Exports increased by 34.9 percent year-on-year to USD 53.93 billion, while imports expanded at a faster 44.0 percent to USD 51.56 billion. Considering the first eight months of the year, the trade surplus widened to USD 21.74 billion from USD 18.12 in the same period of 2020. source: Ministry of Trade, Industry & Energy (MOTIE)

Balance of Trade in South Korea averaged 1161.51 USD Million from 1966 until 2021, reaching an all time high of 13419.36 USD Million in September of 2017 and a record low of -4043.46 USD Million in January of 2008. This page provides the latest reported value for - South Korea Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Balance of Trade in South Korea is expected to be 6800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Balance of Trade is projected to trend around 6700.00 USD Million in 2022, according to our econometric models.

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South Korea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1670.00 1770.00 13419.36 -4043.46 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 12:00 AM May $2.93B $0.43B $3.2B
2021-07-01 12:00 AM Jun $4.44B $2.94B $ 6.8B
2021-08-01 12:00 AM Jul $1.76B $4.44B $5B
2021-09-01 12:00 AM Aug $1.67B $1.77B $3B
2021-10-01 12:00 AM Sep $1.67B $ 6.8B
2021-11-01 12:00 AM Oct
2021-12-01 12:00 AM Nov


News Stream
South Korea Posts Smallest Trade Surplus in 4 Months
South Korea's trade surplus decreased sharply to USD 1.67 billion in August 2021 from USD 3.65 billion in the same month a year earlier, a preliminary reading showed This was the smallest trade surplus since April, amid an ongoing coronavirus pandemic. Exports increased by 34.9 percent year-on-year to USD 53.93 billion, while imports expanded at a faster 44.0 percent to USD 51.56 billion. Considering the first eight months of the year, the trade surplus widened to USD 21.74 billion from USD 18.12 in the same period of 2020.
2021-09-01
South Korea Trade Surplus Smallest in 3 Months
South Korea's trade surplus decreased to USD 1.76 billion in July 2021 from USD 3.94 billion in the same month a year earlier, due to a surge in imports, amid the coronavirus pandemic. Exports rose 29.6 percent year-on-year to a record high of USD 55.40 billion, while imports jumped 38.2 percent to an all-time high of USD 53.60 billion. Considering the first seven months of the year, the trade surplus widened sharply to USD 20.07 billion from USD 14.47 in the same period of 2020.
2021-08-01
South Korea Trade Surplus Widens in June
South Korea's trade surplus increased to USD 4.44 billion in June 2021 from USD 3.42 billion in the same month a year earlier. Exports climbed 30.7 percent year-on-year to their highest since October 2018 of USD 54.80 billion, while imports jumped 40.7 percent to USD 50.36 billion. Considering the first six months of the year, the trade surplus widened sharply to USD 18.31 billion from USD 10.53 in the same period of 2020.
2021-07-01
South Korea Trade Surplus Surges
South Korea trade surplus soared sharply to USD 2.93 billion in May 2021 from USD 0.2 billion in the same a year earlier. Exports climbed 45.6% yoy to USD 50.73 billion, while imports grew at a slower 37.9% to USD 47.81 billion. Considering the first five months of the year, the trade surplus widened sharply to USD 13.87 billion from USD 7.11 in the same period of 2020.
2021-06-01

South Korea Balance of Trade
South Korea remained as a net exporter for the 11th consecutive year in 2019 with a trade surplus of USD 39.2 billion, despite a downturn in semiconductors, petrochemicals, and petroleum products industry and challenges such as the US-China trade dispute, Japan’s restrictions on exports, Brexit, and Hong Kong protests.