South Korea Balance of Trade

South Korea recorded a trade surplus of 5453.83 USD Million in June of 2014. Balance of Trade in South Korea averaged 513.86 USD Million from 1966 until 2014, reaching an all time high of 6794.27 USD Million in June of 2010 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).

   
 
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South Korea Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
5453.83 5089.71 6794.27 -4043.45 1966 - 2014 USD Million Monthly
Since 2009 South Korea has been recording trade surpluses due to exports growth. Major exports are high-tech manufactured products like semiconductors, machinery, automobiles, ships, LCD and wireless communication devices. South Korea imports mainly oil, semiconductors and natural gas. Main trading partners are: China (25 percent of total exports and 16 percent of total imports), United States (10 percent of exports and 8 percent of imports) and European Union (9 percent of both exports and imports). Others include: Japan and ASEAN. This page provides - South Korea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.


South Korea Trade Surplus Narrows in June


South Korea trade surplus declined to USD 5.29 billion in June of 2014 from USD 5.97 billion a year earlier as imports grew faster than exports.

Year-on-year, exports rose 2.5 percent to USD 47.8 billion. Exports to US increased 15.8 percent while sales to China and European Union declined 1.1 percent and 2.2 percent respectively. Higher sales were recorded for semiconductors and information technology products.

In June, imports increased 4.5 percent to USD 42.6 billion mostly due to higher purchases of capital goods, raw materials, cars and consumer goods.

Ministry of Trade, Industry and Energy | Isabel Felino | isabel.felino@tradingeconomics.com
7/1/2014 12:34:08 PM


Recent Releases

South Korea Trade Surplus Narrows on Lower Exports
South Korean trade surplus decreased to USD 5.35 billion in May of 2014 from USD 5.92 billion in the same month a year earlier. Exports recorded the first annual decline since the beginning of the year and the sharpest since September of 2013. Published on 2014-06-02

South Korea Trade Surplus Widens to 5-Month High
In April of 2014, South Korean trade surplus increased to USD 4.46 billion, up from USD 4.16 billion in the previous month and USD 2.5 billion a year earlier, as exports recorded the highest annual increase in fifteen months. Published on 2014-05-01


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-01 01:00 AM South Korea
Balance of Trade
Mar 2014 USD 4.19B USD 0.93B USD 3.79B USD 2B
2014-05-01 01:00 AM South Korea
Balance of Trade
Apr 2014 $ 4.46B $ 4.16B (R) $ 4.13B $ 3.4B
2014-06-01 01:00 AM South Korea
Balance of Trade
May 2014 $ 5.3B $ 4.46B $ 3.5B
2014-07-01 01:00 AM South Korea
Balance of Trade
Jun 2014 $ 5.3B $ 5.3B $ 6.4B $ 3.9B
2014-08-01 01:00 AM South Korea
Balance of Trade
Jul 2014 $ 5.5B (R) $ 3.5B


Trade Last Previous Highest Lowest Unit
Balance of Trade 5453.83 5089.71 6794.27 -4043.45 USD Million [+]
Exports 47851.63 47836.97 50480.48 14.75 USD Million [+]
Imports 42397.79 42530.12 45835.44 38.61 USD Million [+]
Current Account 9300.30 7124.70 11107.90 -3756.80 USD Million [+]
Current Account to GDP 5.80 4.30 11.90 -8.30 Percent [+]
External Debt 425353.20 416595.00 425353.20 83622.00 USD Million [+]
Terms of Trade 112.70 115.60 123.60 13.10 Index Points [+]
Foreign Direct Investment 5272619.00 5061748.00 7065714.00 114.00 USD Thousand [+]
Capital Flows -7636.70 -6236.20 3027.80 -11596.00 USD Million [+]
Tourist Arrivals 1273627.00 1239606.00 1358909.00 213006.00 [+]
Gold Reserves 104.44 104.44 104.44 13.00 Tonnes [+]





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