South Korea Balance of Trade  1966-2017 | Data | Chart | Calendar

South Korea recorded a USD 7.22 billion trade surplus in February of 2017, compared to a USD 6.78 billion surplus a year earlier. It was the largest trade surplus since November 2016, mainly driven by a surge in exports, preliminary data showed. Year-on-year, sales jumped 20.2 percent to USD 43.19 billion, following a 11.2 percent rise in January and beating markets expectations of a 14.7 percent. Imports went up 23.3 percent to USD 35.97 billion, compared to a 18.6 percent rise in the prior month and above consensus of a 21.7 percent growth. In January 2017, trade surplus came in at USD 2.81 billion. Balance of Trade in South Korea averaged 841.02 USD Million from 1966 until 2017, reaching an all time high of 11371.62 USD Million in June of 2016 and a record low of -4043.45 USD Million in January of 2008.

South Korea Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-01 12:00 AM Dec $7.0B $8.2B $7.8B
2017-02-01 12:00 AM Jan $3.2B $6.8B $6.8B
2017-03-01 12:00 AM Feb $7.22B $2.81B $5.4B
2017-04-01 12:00 AM Mar $7.22B
2017-05-01 12:00 AM Apr
2017-06-01 12:00 AM May




South Korea Trade Surplus Widens To 3-Month High


South Korea recorded a USD 7.22 billion trade surplus in February of 2017, compared to a USD 6.78 billion surplus a year earlier. It was the largest trade surplus since November 2016, mainly driven by a surge in exports, preliminary data showed.

In February, sales jumped 20.2 percent from a year earlier to USD 43.19 billion, following a 11.2 percent rise in January and beating markets expectations of a 14.7 percent. It was the fourth straight month of growth and the fastest since February 2012.

Imports went up 23.3 percent to USD 35.97 billion, compared to a 18.6 percent rise in the prior month and above consensus of a 21.7 percent growth.

In January 2017, trade surplus came in at USD 2.81 billion.


For 2017, exports are expected to grow 2.9 percent, supported by improving global demand, while imports are projected to rise at a faster 7.2 percent. 

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

Rida Husna | rida@tradingeconomics.com
3/1/2017 10:56:19 AM



South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 7220.00 2810.00 11371.62 -4043.45 USD Million [+]
Exports 43189.00 40312.73 51600.00 14.75 USD Million [+]
Imports 35966.00 37501.85 45899.19 38.61 USD Million [+]
Current Account 5277.80 7869.20 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 380948.90 400155.80 452750.80 80766.40 USD Million [+]
Terms of Trade 102.80 103.60 237.00 86.10 Index Points [+]
Foreign Direct Investment 6249699.00 449500.00 7638784.00 114.00 USD Thousand [+]
Capital Flows 4387.90 9281.30 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1208.50 1336.80 1765.40 326.50 USD Million [+]
Tourist Arrivals 1220695.00 1343398.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]
Weapons Sales 105.00 163.00 331.00 7.00 USD Million [+]



South Korea Balance of Trade Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7220.00 2810.00 11371.62 -4043.45 1966 - 2017 USD Million Monthly



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