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

South Korea recorded a USD11.60 billion trade surplus in June of 2016, compared to a USD9.98 billion surplus a year earlier. It was the largest trade surplus on record as imports dropped more than exports, preliminary data showed. Year-on-year, exports fell by 2.7 percent, the slowest decline in a year, to USD45.3 billion. Imports dropped by 8.0 percent to USD33.70 billion while market expected a 9.5 percent decline. In May 2016, trade surplus stood at a marginally revised USD7.0 billion. The trade balance has been in consistent surpluses since February 2012. Balance of Trade in South Korea averaged 771.02 USD Million from 1966 until 2016, reaching an all time high of 11600 USD Million in June of 2016 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
11600.00 7000.00 11600.00 -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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-01 12:00 AM Apr $8.8B $ 9.8B $ 9.3B
2016-06-01 12:00 AM May $7.1B $8.8B $9.45B 10.5B
2016-07-01 12:00 AM Jun $11.6B $7.0B $9.2B
2016-08-01 12:00 AM Jul $11.6B $7.2B
2016-09-01 12:00 AM Aug $4.7B
2016-10-01 12:00 AM Sep $10.6B

South Korea Trade Surplus Hits Record High in June


South Korea recorded a USD11.60 billion trade surplus in June of 2016, compared to a USD9.98 billion surplus a year earlier. It was the largest trade surplus on record as imports dropped more than exports, preliminary data showed.

Year-on-year, exports fell by 2.7 percent to USD45.3 billion, following a 6.0 percent drop in May while market estimated a 8.3 percent decrease. It was the 18th straight month of decline and the smallest drop since June 2015.

Imports dropped  by 8.0 percent to USD33.70 billion, compared to  a 9.0 percent fall in the preceding month while market expected a 9.5 percent decline. It was the 21st straight month of drop.

In May 2016, trade surplus stood at a marginally revised USD7.0 billion.

The trade balance has been in consistent surpluses since February 2012.

Rida Husna | rida@tradingeconomics.com
7/1/2016 3:34:39 AM

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 11600.00 7000.00 11600.00 -4043.45 USD Million [+]
Imports 33700.00 32700.00 45899.19 38.61 USD Million [+]
Current Account 10361.30 3370.00 11872.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 385794.10 396559.20 442174.10 83622.00 USD Million [+]
Terms of Trade 138.80 138.50 150.50 17.80 Index Points [+]
Foreign Direct Investment 4241000.00 7639000.00 7639000.00 114.00 USD Thousand [+]
Capital Flows 8929.10 162.10 12905.60 -12299.90 USD Million [+]
Tourism Revenues 1711.40 1376.10 1765.00 327.00 USD Million [+]
Tourist Arrivals 1554413.00 1492680.00 1554413.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.00 0.00 2.62 0.00 [+]
Weapons Sales 105.00 163.00 331.00 7.00 USD Million [+]




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