South Korea Exports  1966-2017 | Data | Chart | Calendar | Forecast | News

Exports from South Korea rose 11.2 percent from a year earlier to USD 40.33 billion in January 2017, following a 6.4 percent rise in December 2016. It was the third straight month of increase and the fastest since February 2012. Outbound shipments surged for petroleum products (67.4 percent) and semi-conductors (41.6 percent). Exports went up to China (13.5 percent), followed by the EU countries (13.4 percent). In contrast, sales to the US fell 1.8 percent. For 2017, exports are expected to rise 2.9 percent, supported by improving global demand. Exports in South Korea averaged 12951.05 USD Million from 1966 until 2017, reaching an all time high of 51600 USD Million in October of 2014 and a record low of 14.75 USD Million in January of 1966.

South Korea Exports
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-01 12:00 AM Nov 2.7% -3.2% 1.2%
2017-01-01 12:00 AM Dec 6.4% 2.5% 6.4%
2017-02-01 12:00 AM Jan 11.2% 6.4%
2017-03-01 12:00 AM Feb 11.2% 14.7%
2017-04-01 12:00 AM Mar
2017-05-01 12:00 AM Apr




South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 3200.00 6790.00 11371.62 -4043.45 USD Million [+]
Exports 40330.00 45070.00 51600.00 14.75 USD Million [+]
Imports 37130.00 38070.00 45899.19 38.61 USD Million [+]
Current Account 7869.20 8892.20 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 380948.90 400400.00 452750.80 80766.40 USD Million [+]
Terms of Trade 103.60 105.30 237.00 86.10 Index Points [+]
Foreign Direct Investment 6249699.00 449500.00 7638784.00 114.00 USD Thousand [+]
Capital Flows 9281.30 8863.90 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1336.80 1389.50 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 Exports by Country Last
China 11079261.00 USD THO Oct/16
United States 5394087.00 USD THO Oct/16
European Union 3890903.00 USD THO Oct/16
Hong Kong 2968486.00 USD THO Oct/16
Vietnam 2881298.00 USD THO Oct/16
Japan 2105436.00 USD THO Oct/16
Taiwan 1239262.00 USD THO Oct/16
Singapore 1032673.00 USD THO Oct/16
India 956405.00 USD THO Oct/16
Mexico 908139.00 USD THO Oct/16
United Arab Emirates 823457.00 USD THO Oct/16
Australia 648297.00 USD THO Oct/16
Philippines 640803.00 USD THO Oct/16
Germany 602592.00 USD THO Oct/16
Malaysia 563738.00 USD THO Oct/16
Thailand 557394.00 USD THO Oct/16
Indonesia 481814.00 USD THO Oct/16
United Kingdom 474032.00 USD THO Oct/16
Saudi Arabia 451680.00 USD THO Oct/16
Russia 433472.00 USD THO Oct/16
South Korea Exports by Category Last
Heavy Industry Products 35618000.00 USD THO Oct/16
Heavy Industry Products - Electronic P 14590000.00 USD THO Oct/16
Heavy Industry Products - Transportati 8168000.00 USD THO Oct/16
Semi Conductor 5619000.00 USD THO Oct/16
Heavy Industry Products - Chemicals & 4515000.00 USD THO Oct/16
Heavy Industry Products - Machinery & 4396000.00 USD THO Oct/16
Information & Communications Equipment 3711000.00 USD THO Oct/16
Kcs - General Machinery 3680000.00 USD THO Oct/16
Kcs - Car 3367000.00 USD THO Oct/16
Metal Goods 3140000.00 USD THO Oct/16
Passenger Car 3088000.00 USD THO Oct/16
Kcs - Petroleum Chemical 2954000.00 USD THO Oct/16
Light Industry Products 2913000.00 USD THO Oct/16
Kcs - Wireless Communication Machine 2859000.00 USD THO Oct/16
Crude Materials & Fuels 2780000.00 USD THO Oct/16
Kcs - Ship Class 2566000.00 USD THO Oct/16
Ship & Boat 2521000.00 USD THO Oct/16
Heavy Industry Products - Wireless Com 2387000.00 USD THO Oct/16
Petroleum & Derivatives 2281000.00 USD THO Oct/16
Kcs - Petroleum Products 2219000.00 USD THO Oct/16

South Korea Exports Notes

South Korea has an export oriented economy and its exports accounts for more than 50% of GDP. The country exports mainly machinery and transport equipment (59 percent of total exports) such as: electrical machinery, apparatus, appliances and electrical parts (18 percent); road vehicles (13 percent); telecommunications, sound recording; reproducing apparatus and equipment (8 percent). Other exports include: petroleum, petroleum products, related materials (6 percent); iron, steel (4 percent) and plastics (4 percent). Major export partners are China (26 percent of total exports), the United States (13 percent) Hong Kong (6 percent), Vietnam, Japan (5 percent each) and Singapore (3 percent). Others include: India, Taiwan, Mexico, Australia, Saudi Arabia and Philippines. This page provides the latest reported value for - South Korea Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Exports - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
40330.00 45070.00 51600.00 14.75 1966 - 2017 USD Million Monthly