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

South Korea recorded a trade surplus of 10243 USD Million in June of 2015. Balance of Trade in South Korea averaged 627.11 USD Million from 1966 until 2015, reaching an all time high of 10243 USD Million in June 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
10243.00 6320.00 10243.00 -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. Content for - South Korea Balance of Trade - was last refreshed on Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-01 01:00 AM Apr $ 8.5B $8.4B $ 3.8B
2015-06-01 01:00 AM May $6.30B $ 8.5B $ 5.5B
2015-07-01 01:00 AM Jun $10.20B $6.30B $ 5.3B
2015-08-01 01:00 AM Jul $10.20B $ 5.1B
2015-09-01 01:00 AM Aug $ 4.7B
2015-10-01 01:00 AM Sep $ 4.3B


South Korea Trade Surplus Hits Fresh Record High in June


South Korea trade surplus was at USD 10.25 billion in June of 2015, up from USD 5.35 billion a year earlier and beating market consensus. It is the largest surplus on record, as imports fell more than exports.

Year-on-year, exports in June fell by 1.8 percent to USD 46.95 billion, the sixth straight monthly decline, after registering a 10.9 percent drop in the preceding month. Sales of petroleum products were down 14.4 percent and those of petrochemical products declined by 12.8 percent. In contrast, outbond shipments of  mobile communication devices increased by 17.9 percent with exports of steel products growing by 7.6 percent and automobiles rising 6.5 percent on-year.

Exports to China, the world's largest market for South Korean products, grew marginally by 0.9 percent year-on-year while those to the US increased by 10.9 percent. In contrast, shipments to Japan fell by 12.7 percent. 

Imports declined by 13.6 percent to USD 36.70 billion, following a revised 15.4 percent decrease in May.

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

Rida Husna l rida@tradingeconomics.com
7/1/2015 12:25:18 PM


Recent Releases

South Korea Trade Surplus Falls from Record High in May
South Korea trade surplus was at USD 6.32 billion in May of 2015, up from USD 4.97 billion a year earlier but significantly down from a record high of USD 8.48 billion in the preceding month, as imports fell more than exports.
Published on 2015-06-01

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.
Published on 2015-05-01

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 10243.00 6320.00 10243.00 -4043.45 USD Million [+]
Exports 46947.00 42392.00 51600.00 14.75 USD Million [+]
Imports 36704.00 36070.00 45899.19 38.61 USD Million [+]
Current Account 8135.70 10429.30 11320.00 -3756.80 USD Million [+]
Current Account to GDP 5.80 4.30 11.90 -8.30 percent [+]
External Debt 418910.40 425449.20 442174.10 83622.00 USD Million [+]
Terms of Trade 130.00 139.40 139.40 13.10 Index Points [+]
Foreign Direct Investment 3555000.00 4185000.00 7065714.00 114.00 USD Thousand [+]
Capital Flows -10070.40 -11029.10 3027.80 -11596.00 USD Million [+]
Tourist Arrivals 1334212.00 1384567.00 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 -3888.00 Apr/15 -1231.00 2254.00 -3888.00 AUD Million [+]
Brazil 2761.00 May/15 491.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6320.00 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]