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

South Korea recorded a trade surplus of 8380.51 USD Million in March of 2015. Balance of Trade in South Korea averaged 587.91 USD Million from 1966 until 2015, reaching an all time high of 8380.51 USD Million in March 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).

     Forecast  
South Korea Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
8380.51 7706.30 8380.51 -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 Saturday, April 25, 2015.


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.

Year-on-year, exports declined by 4.2 percent to USD 46.99 billion, the sharpest fall since February 2013, following a revised 3.3 percent drop in the previous month. Outbound shipments to China fell by 2.4 percent year-on-year while those to Japan decreased by 23 percent. In contrast, sales to the US increased by 17 percent. Exports of petrochemical products dropped by 24.8 percent annually to USD 3.33 billion despite a 11.4 percent increase in terms of volume. Exports of petroleum products also decreased by 32.5 percent to USD 3.14 billion despite a 10.1 percent rise in terms of volume. In contrast, exports increased for semiconductors (+3.4 percent to USD 5.41 billion) and ships (+13.6 percent to USD 3.72 billion). 

Imports fell by 15.30 percent to USD 38.60 billion, compared with a revised 19.7 percent fall  in the preceding month. In terms of value, purchases of crude, fell by 43.9 percent year-on-year. Inbound shipments of consumer goods grew by 9.4 percent while those of capital goods increased by 3.2 percent.

In February, South Korea posted a revised USD 7.71 billion trade surplus.

The trade balance has been in surpluses since February 2012.

Rida Husna l rida@tradingeconomics.com
4/1/2015 6:02:50 AM


Recent Releases

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 Surplus Widens in December
South Korea recorded a USD 5.78 billion trade surplus in December of 2014, up from a revised USD 5.51 billion in the previous month and from USD 3.63 billion a year earlier, as exports unexpectedly rose while imports fell further. Published on 2015-01-01


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-01 12:00 AM
Balance of Trade  Jan
$ 5.53B $ 5.75B (R) $ 4.72B
2015-03-01 12:00 AM
Balance of Trade  Feb
$7.7B $ 5.53B $ 4.5B
2015-04-01 01:00 AM
Balance of Trade  Mar
$8.4B $7.7B $ 6.1B
2015-05-01 01:00 AM
Balance of Trade  Apr
$8.4B $ 3.8B
2015-06-01 01:00 AM
Balance of Trade  May
$ 3.5B
2015-07-01 01:00 AM
Balance of Trade  Jun
$ 3.3B


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 8380.51 7706.30 8380.51 -4043.45 USD Million [+]
Exports 46964.13 41499.72 51600.00 14.75 USD Million [+]
Imports 38583.61 33793.41 45899.19 38.61 USD Million [+]
Current Account 6440.00 6580.00 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 116.60 126.30 133.90 13.10 Index Points [+]
Foreign Direct Investment 4484000.00 5272619.00 7065714.00 114.00 USD Thousand [+]
Capital Flows -5540.40 -8253.40 3027.80 -11596.00 USD Million [+]
Tourist Arrivals 1050706.00 917054.00 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 -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19174.00 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]