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

South Korea recorded a USD8.80 billion trade surplus in April of 2016, compared to a USD8.45 billion surplus a year earlier, as imports dropped more than exports, preliminary data showed. Year-on-year, outbound shipments decreased by 11.2 percent to USD41.0 billion, the 16th consecutive month of decline. Imports dropped by 14.9 percent to USD32.2 billion, the 19th straight month of fall. Balance of Trade in South Korea averaged 742.78 USD Million from 1966 until 2016, reaching an all time high of 10320 USD Million in November 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).

South Korea Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
8800.00 9800.00 10320.00 -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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-01 12:00 AM Feb $7.4B $5.2B $5.68B $ 6.7B
2016-04-01 12:00 AM Mar $ 9.8B $7.4B $ 6.5B
2016-05-01 12:00 AM Apr $8.8B $ 9.8B $ 9.3B
2016-06-01 12:00 AM May $8.8B 8287.56
2016-07-01 12:00 AM Jun 7944.15
2016-08-01 12:00 AM Jul 7927.27

South Korea Trade Surplus Widens Slightly in April


South Korea recorded a USD8.80 billion trade surplus in April of 2016, compared to a USD8.45 billion surplus a year earlier, as imports dropped more than exports, preliminary dt showed.

Year-on-year, exports fell by 11.2 percent to USD41.0 billion, the 16th consecutive month of decline. Outbound shipments declined for: semiconductors (-11.5 percent year-on-year), petroleum (-10.8 percent) and petrochemical products (-14.5 percent). In contrast, sales grew for ships (+25.2 percent) and mobile communication devices (+3.2 percent).

Sales to China, the largest market for South Korean products, fell by 18.4 percent, following a 12.2 percent drop in March. It is the tenth straight month of decrease. Exports also declined by 6.6 percent to the US, compared to a 3.8 percent decline in the preceding month. It is the second consecutive month of fall. Outbound shipments to the EU countries also dropped by 0.1 percent, following a 12.7 percent growth in March. In contrast, exports to the the ASEAN countries grew by 7.1 percent.

Imports dropped by 14.9 percent to USD32.2 billion in April, the 19th straight month of fall.

In March 2016, trade surplus stood at USD9.80 billion.

The trade balance has been in consistent surpluses since February 2012

Rida Husna | rida@tradingeconomics.com
5/1/2016 6:19:05 AM

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 8800.00 9800.00 10320.00 -4043.45 USD Million [+]
Exports 41000.00 43000.00 51600.00 14.75 USD Million [+]
Imports 32200.00 33200.00 45899.19 38.61 USD Million [+]
Current Account 10090.00 7710.00 11872.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 396559.20 409093.40 442174.10 83622.00 USD Million [+]
Terms of Trade 150.50 125.90 150.50 17.80 Index Points [+]
Foreign Direct Investment 4241000.00 7639000.00 7639000.00 114.00 USD Thousand [+]
Capital Flows 12905.60 9500.70 12905.60 -12299.90 USD Million [+]
Tourism Revenues 1316.00 1261.00 1765.00 327.00 USD Million [+]
Tourist Arrivals 1389399.00 1126250.00 1454078.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.00 0.00 2.62 0.00 [+]




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