South Korea Balance of Trade 1966-2015 | Data | Chart | Calendar

South Korea recorded a trade surplus of 8488 USD Million in April of 2015. Balance of Trade in South Korea averaged 601.25 USD Million from 1966 until 2015, reaching an all time high of 8488 USD Million in April 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).

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South Korea Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
8488.00 8380.51 8488.00 -4043.45 1966 - 2015 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. Content for - South Korea Balance of Trade - was last refreshed on Thursday, May 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-01 12:00 AM Feb $7.7B $ 5.53B $ 4.5B
2015-04-01 01:00 AM Mar $8.4B $7.7B $ 6.1B
2015-05-01 01:00 AM Apr $ 8.5B $8.4B $ 3.8B
2015-06-01 01:00 AM May $ 8.5B $ 3.5B
2015-07-01 01:00 AM Jun $ 3.3B
2015-08-01 01:00 AM Jul $ 3.2B


South Korea Trade Surplus Hits Fresh Record High in April


South Korea trade surplus widened to USD 8.49 billion in April of 2015 from USD 4.39 billion a year earlier, reaching new all time high, as exports and imports fell more than expected.

Year-on-year, exports dropped by 8.1 percent to USD 46.22 billion, the sharpest fall in more than two years, following a revised 4.3 percent drop in the previous month. Sales declined for: petroleum products, such as gasoline and diesel,  (-43.3 percent), petrochemical products (-20.1 percent) and automobile (-8.0 percent). In contrast, sales of semiconductors rose by 7.5 percent. Exports to the country's major trading partners declined with those to China fell by 5.2 percent, Japan (-12.6 percent), the US (-2.7 percent), the EU countries (- 11.9 percent) and the ASEAN countries (-19.8 percent).

Imports fell by 17.8 percent to USD 37.73 billion, compared with a revised 15.3 percent decline in the preceding month.

In March, South Korea posted a USD 8.38 billion trade surplus.

The trade balance has been in surpluses since February 2012.

Rida Husna l rida@tradingeconomics.com
5/1/2015 3:56:16 AM


Recent Releases

South Korea Trade Surplus Hits Record High in March
South Korea trade surplus widened to USD 8.39 billion in March of 2015 from USD 3.50 billion a year earlier, reaching an all time high, as imports fell more than exports. Published on 2015-04-01

South Korea Records USD 5.53 Billion Trade Surplus
South Korea trade surplus widened to USD 5.53 billion in January of 2015 from USD 0.73 billion a year earlier and above market expectations, as imports fell at a faster pace than exports. Published on 2015-02-02


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 8488.00 8380.51 8488.00 -4043.45 USD Million [+]
Exports 46218.00 46964.13 51600.00 14.75 USD Million [+]
Imports 37729.12 38583.61 45899.19 38.61 USD Million [+]
Current Account 10390.00 6440.00 11320.00 -3756.80 USD Million [+]
Current Account to GDP 5.80 4.30 11.90 -8.30 percent [+]
External Debt 425449.20 434125.10 442174.10 83622.00 USD Million [+]
Terms of Trade 139.20 116.60 139.20 13.10 Index Points [+]
Foreign Direct Investment 3555000.00 4185000.00 7065714.00 114.00 USD Thousand [+]
Capital Flows -11029.10 -5540.40 3027.80 -11596.00 USD Million [+]
Tourist Arrivals 1384567.00 1238144.00 1454078.00 213006.00 [+]
Gold Reserves 104.44 104.44 104.44 13.00 Tonnes [+]
Gold Reserves 104.44 104.44 104.44 13.00 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23372.90 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan -53.44 Apr/15 227.43 1608.67 -2795.04 JPY Billion [+]
Mexico -85.30 Apr/15 479.80 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -6153.67 Mar/15 -4655.64 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]