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
Receive the next reported value for South Korea Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

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 162.10 12905.60 12905.60 -12299.90 USD Million [+]
Tourism Revenues 1316.00 1261.00 1765.00 327.00 USD Million [+]
Tourist Arrivals 1492680.00 1469674.00 1492680.00 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 [+]




Last
Afghanistan -7159.00 Dec/15
Albania -30143.50 May/16
Algeria -1270.00 Sep/15
Angola 3002.24 Dec/15
Argentina 439.00 May/16
Armenia -108.90 May/16
Aruba -520.80 Dec/15
Australia -1579.00 Apr/16
Austria 142.00 Mar/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -57.02 Mar/16
Barbados -254822.00 Dec/15
Belarus -258.80 Apr/16
Belgium 1249.00 Apr/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana 3307.90 Apr/16
Brazil 6437.00 May/16
Brunei 195.90 Apr/16
Bulgaria -156.80 Apr/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -2936.70 Apr/16
Cape Verde -4178.80 Mar/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 744.79 May/16
China 499.80 May/16
Colombia -1.29 Apr/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -365.50 May/16
Croatia -4530.70 Apr/16
Cuba -9578.00 Dec/15
Cyprus -253738.00 Apr/16
Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 53993.00 Apr/16
Egypt -2717.00 Apr/16
El Salvador -359.50 Apr/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -170.74 Apr/16
Ethiopia -3557.70 Dec/15
Euro Area 27481.90 Apr/16
European Union 5566.30 Apr/16
Fiji -262673.00 Dec/15
Finland -225.00 Apr/16
France -5219.00 Apr/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -436.32 May/16
Germany 25607.00 Apr/16
Ghana -773.70 Mar/16
Greece -2057.60 Apr/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -26228.00 May/16
Hungary 308393.58 Apr/16
Iceland -15000.00 May/16
India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4571042.93 May/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
Mauritius -6081.00 Apr/16
Mexico -527.00 May/16
Moldova -194.30 Apr/16
Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
Montenegro -183453.00 May/16
Morocco -14678.00 Apr/16
Mozambique -1754.40 Dec/15
Myanmar -914.60 Nov/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 358.00 May/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
Puerto Rico 2091.50 Apr/16
Qatar 7531.00 May/16
Republic of the Congo 4092.35 Dec/10
Romania -836.20 Apr/16
Russia 6750.00 Apr/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -402.10 May/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
Somalia -1473.48 Dec/15
South Africa 18730.94 May/16
South Korea 11600.00 Jun/16
South Sudan -3492.00 Dec/14
Spain -637300.00 Apr/16
Sri Lanka -551.70 Feb/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden -2100.00 May/16
Switzerland 3785.97 May/16
Syria 9394.50 Dec/10
Taiwan 3500.00 May/16
Tajikistan -169.20 Mar/16
Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -5054.00 May/16
Turkmenistan 2431.94 Dec/14
Uganda -126.70 Apr/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3294.00 Apr/16
United States -37436.00 Apr/16
Uruguay 96682.00 May/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jun/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -290.99 Dec/14