Exports from South Korea rose by 16.7% yoy to USD 53.82 billion in September 2021, slowing noticeably from a 34.8% jump in August and compared with market consensus of 16.3%, preliminary data showed. Still, this was the eleventh straight month of expansion in sales, as foreign demand sustained in the wake of the COVID-19 pandemic. Exports of petrochemicals and petroleum surged 52%, and 79%, respectively. Also, shipments grew for steel products (42%), and semiconductor (28.2%). By contrast, exports fell for cars (-6.1%), ships (-40.5%) and rechargeable batteries (-2%). Shipments increased to China (16.3%), the US (14.5%), Japan (17.2%) and the ASEAN (17%). source: Ministry of Trade, Industry & Energy (MOTIE)
Exports in South Korea averaged 15839.44 USD Million from 1966 until 2021, reaching an all time high of 55826 USD Million in September of 2021 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 October of 2021.
Exports in South Korea is expected to be 49700.00 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 Exports is projected to trend around 51700.00 USD Million in 2022, according to our econometric models.