South Korea Balance of Trade  1966-2016 | Data | Chart | Calendar

South Korea recorded a trade surplus of USD 5.3 billion in January of 2016, virtually unchanged from a year earlier and below market expectations of USD 6.68 billion. Exports fell 18.5 percent year-on-year, the biggest decrease since August of 2009. Also, imports went down by 20.1 percent. Balance of Trade in South Korea averaged 703.24 USD Million from 1966 until 2016, reaching an all time high of 10320 USD Million in November of 2015 and a record low of -4043.45 USD Million in January of 2008. Balance of Trade in South Korea is reported by the Ministry of Trade, Industry & Energy (MOTIE).

South Korea Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
5362.41 7160.00 10320.00 -4043.45 1966 - 2016 USD Million Monthly
Since 2009 South Korea has been recording trade surpluses due to exports growth. The country exports mainly machinery and transport equipment, oil, iron, steel and plastics while it imports oil, electrical machinery, natural gas and food. Main trading partners are: China (26 percent of total exports and 21 percent of total imports) and the United States (13 percent of exports and 10 percent of imports). Others include: Japan, ASEAN countries and Germany. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-01 12:00 AM Nov $10.4B $6.70B $6.5B
2016-01-01 12:00 AM Dec $7.2B $10.3B $8.82B $9.2B
2016-02-01 12:00 AM Jan $5.3B $7.0B $ 7.1B
2016-03-01 12:00 AM Feb $5.3B $ 6.7B
2016-04-01 12:00 AM Mar $ 6.9B
2016-05-01 12:00 AM Apr $ 7.3B

South Korea Trade Surplus Below Forecast in January


South Korea recorded a trade surplus of USD 5.3 billion in January of 2016, virtually unchanged from a year earlier and below market expectations of USD 6.68 billion. Exports fell 18.5 percent year-on-year, the biggest decrease since August of 2009. Also, imports went down by 20.1 percent.

In January, outbond shipments tumbled 18.5 percent year-on-year to USD 36.7 billion, far higher than market expectations of a 10.8 percent drop. Exports fell for the thirteenth month in a row and recorded the biggest decrease since August of 2009. Imports shrank at a faster 20.1 percent to USD 31.4 billion, and above market forecasts of a 15.1 percent drop.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/1/2016 1:53:53 AM

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 5362.41 7160.00 10320.00 -4043.45 USD Million [+]
Exports 36761.97 42600.00 51600.00 14.75 USD Million [+]
Imports 31399.56 35500.00 45899.19 38.61 USD Million [+]
Current Account 7459.50 9910.30 11872.30 -3756.80 USD Million [+]
Current Account to GDP 6.30 5.80 11.90 -8.30 percent [+]
External Debt 409093.40 420587.30 442174.10 83622.00 USD Million [+]
Terms of Trade 142.80 135.90 146.30 13.10 Index Points [+]
Foreign Direct Investment 7639000.00 4399000.00 7639000.00 114.00 USD Thousand [+]
Capital Flows 7757.20 -8680.00 7757.20 -12299.90 USD Million [+]
Tourism Revenues 1261.00 1342.00 1765.00 327.00 USD Million [+]
Tourist Arrivals 1116450.00 1150074.00 1454078.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.00 0.00 2.62 0.00 [+]




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