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South Korea Balance of Trade

Last Release
May 31, 2024
Actual
4,960
Units In
USD Million
Previous
1,530
Frequency
Monthly
Next Release
Jul 01, 2024
Time to Release
26 Days 23 Hours
Highest
Lowest
Average
Date Range
Source
13,419.36
Sep 2017
-12,650
Jan 2023
1,058.05 USD Million1966-2024N/A
South Korea remained as a net exporter for the 11th consecutive year in 2019 with a trade surplus of USD 39.2 billion, despite a downturn in semiconductors, petrochemicals, and petroleum products industry and challenges such as the US-China trade dispute, Japan’s restrictions on exports, Brexit, and Hong Kong protests.

Latest Updates

South Korea registered a trade surplus of USD 4.96 billion in May 2024, exceeding market expectations of a USD 3.25 billion surplus while shifting from a deficit of USD 2.23 billion in the same month a year earlier a preliminary reading showed. It was the twelfth month of surplus and the largest amount since December 2020, as exports rose while imports fell. Sales expanded 11.7% yoy, the eighth consecutive month of expansion. Meanwhile, imports unexpectedly fell 2%, reversing from April's 5.4% growth.

South Korea Balance of Trade History

Last 12 readings

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