South Korea Balance of Trade
Last Release
Oct 2019
Actual
5393 USD Million
Forecast
4200000000 USD Million
Previous
5981.786 USD Million
Frequency
Monthly
Units In
USD Million
Next Release
Dec 1, 2019
Time to Release
12 Days 3 Hours
Scroll for more details
Highest | Lowest | Average | Date Range | Source |
13419.356 USD Million Sep 2017 | -4043.456 USD Million Jan 2008 | 1,090.47 USD Million | 1966 - 2019 | N/A |
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.
Latest Updates
South Korea's trade surplus decreased to USD 5.39 billion in October 2019 from USD 6.38 billion in the same month a year earlier and compared to market expectations of a USD 3.51 billion surplus, a preliminary estimate showed.
South Korea Balance of Trade History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Nov 1, 2019 | 09:31 | South Korea Trade Surplus Narrows in October |
| Oct 1, 2019 | 10:50 | South Korea Trade Surplus Narrows Sharply |
| Sep 2, 2019 | 09:15 | South Korea Trade Surplus Smallest in 7 Months |
| Aug 1, 2019 | 09:19 | South Korea Trade Surplus Narrows as Exports Slump |
| Jul 1, 2019 | 02:21 | South Korea Trade Surplus Narrows Sharply in June |
| Jun 1, 2019 | 03:02 | South Korea Trade Surplus Far Below Estimates in May |
| May 1, 2019 | 10:53 | South Korea Trade Surplus Narrows in April |
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South Korea trade Indicators
All South Korea indicatorsScroll for more details
Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Balance of Trade | 5,393 Oct 2019 | 5,981.79 Sep 2019 | -4,043.46 Jan 2008 | 13,419.36 Sep 2017 | USD Million | Monthly | 1966 - 2019 |
| Capital Flows | 6,135.6 Sep 2019 | 4,820.2 Aug 2019 | -3,406.9 Mar 2011 | 12,350.9 May 2013 | USD Million | Monthly | 1980 - 2019 |
| Current Account | 7,477.2 Sep 2019 | 5,265.6 Aug 2019 | -3,845 Aug 2008 | 12,409.7 Jun 2016 | USD Million | Monthly | 1980 - 2019 |
| Current Account to GDP | 4.7 Dec 2018 | 4.9 Dec 2017 | -10.5 Dec 1980 | 10.7 Dec 1998 | % | Yearly | 1980 - 2018 |
| Exports | 46,784 Oct 2019 | 44,721.37 Sep 2019 | 14.75 Jan 1966 | 55,115.24 Sep 2017 | USD Million | Monthly | 1966 - 2019 |
| External Debt | 462,061.9 Jun 2019 | 440,584.6 Mar 2019 | 80,766.4 Dec 1994 | 462,061.9 Jun 2019 | USD Million | Quarterly | 1994 - 2019 |
Balance of Trade across Asia
Balance of Trade global viewScroll for more details
Country | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Afghanistan | -5,131.3 Dec 2018 | -6,254.3 Dec 2017 | -8,517.9 Dec 2012 | -1,660.9 Dec 2005 | USD Million | Yearly | 2003 - 2018 |
| Azerbaijan | 348,851 Jun 2019 | 2,486,149.5 Mar 2019 | -306,551 Dec 1998 | 8,201,764 Jun 2008 | USD Thousand | Quarterly | 1998 - 2019 |
| Bangladesh | -105.4 Aug 2019 | -103.1 Jul 2019 | -209.8 May 2018 | 0 Aug 1992 | BDT Billion | Monthly | 1976 - 2019 |
| Bhutan | -8,687.5 Jun 2019 | -9,053.7 Mar 2019 | -20,835.3 Dec 2011 | 3,469.8 Dec 2007 | BTN Million | Quarterly | 1991 - 2019 |
| Brunei | 251.8 Jul 2019 | 39 Jun 2019 | 34.1 Jul 2015 | 2,971.45 Sep 2008 | BND Million | Monthly | 2005 - 2019 |
| Cambodia | -1,785 Jun 2019 | -2,892 May 2019 | -3,753 Dec 2013 | 363.2 Aug 2017 | KHR Billion | Monthly | 2009 - 2019 |