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

Exports from South Korea grew by 13.7 percent year-on-year to USD 48.88 billion in March of 2017, compared to a 20.2 percent rise in February while market expected a 13.0 percent gain. It was the fifth straight month of increase, mainly due to higher sales of petroleum products (+63.3 percent), flat screens (19.5 percent), machinery (17.6 percent), cosmetics (14.2 percent) and automobiles (4.1 percent). In contrast, sales xdropped for wireless devices (-26.4 percent), reflecting the fallout from the recall of the Galaxy Note 7 phablet. Exports to China rose 12.1 percent, marking the fifth consecutive month of growth. In contrast, outbound shipments to the US fell 5.3 percent, followed by those to the EU countries (-8.7 percent). For 2017, exports are expected to rise 2.9 percent, supported by improving global demand. Exports in South Korea averaged 13000.07 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)
2017-02-01 12:00 AM Jan 11.2% 6.4%
2017-03-01 12:00 AM Feb 20.2% 11.2% 14.7%
2017-04-01 12:00 AM Mar 13.7% 20.2% 13%
2017-05-01 12:00 AM Apr 13.7%
2017-06-01 12:00 AM May
2017-07-01 12:00 AM Jun




South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 6550.00 7060.00 11371.62 -4043.45 USD Million [+]
Exports 48894.00 43189.00 51600.00 14.75 USD Million [+]
Imports 42314.00 35966.00 45899.19 38.61 USD Million [+]
Current Account 8400.00 5277.80 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 380948.90 400155.80 452750.80 80766.40 USD Million [+]
Terms of Trade 103.40 102.80 237.00 86.10 Index Points [+]
Foreign Direct Investment 3851000.00 6249699.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 9203.60 4387.90 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1283300.00 1208500.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1252080.00 1220695.00 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 [+]

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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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
48894.00 43189.00 51600.00 14.75 1966 - 2017 USD Million Monthly