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
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Highest
Lowest
Average
Date Range
Source
13419.356 USD Million
Sep 2017
-4043.456 USD Million
Jan 2008
1,090.47 USD Million1966 - 2019N/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

DATETIMETITLE
Nov 1, 201909:31South Korea Trade Surplus Narrows in October
Oct 1, 201910:50South Korea Trade Surplus Narrows Sharply
Sep 2, 201909:15South Korea Trade Surplus Smallest in 7 Months
Aug 1, 201909:19South Korea Trade Surplus Narrows as Exports Slump
Jul 1, 201902:21South Korea Trade Surplus Narrows Sharply in June
Jun 1, 201903:02South Korea Trade Surplus Far Below Estimates in May
May 1, 201910:53South Korea Trade Surplus Narrows in April

A Look at the Markets

Educational Pieces on Marco Indicators

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South Korea trade Indicators

All South Korea indicators
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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 MillionMonthly1966 - 2019
Capital Flows
6,135.6
Sep 2019
4,820.2
Aug 2019
-3,406.9
Mar 2011
12,350.9
May 2013
USD MillionMonthly1980 - 2019
Current Account
7,477.2
Sep 2019
5,265.6
Aug 2019
-3,845
Aug 2008
12,409.7
Jun 2016
USD MillionMonthly1980 - 2019
Current Account to GDP
4.7
Dec 2018
4.9
Dec 2017
-10.5
Dec 1980
10.7
Dec 1998
%Yearly1980 - 2018
Exports
46,784
Oct 2019
44,721.37
Sep 2019
14.75
Jan 1966
55,115.24
Sep 2017
USD MillionMonthly1966 - 2019
External Debt
462,061.9
Jun 2019
440,584.6
Mar 2019
80,766.4
Dec 1994
462,061.9
Jun 2019
USD MillionQuarterly1994 - 2019

Balance of Trade across Asia

Balance of Trade global view
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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 MillionYearly2003 - 2018
Azerbaijan
348,851
Jun 2019
2,486,149.5
Mar 2019
-306,551
Dec 1998
8,201,764
Jun 2008
USD ThousandQuarterly1998 - 2019
Bangladesh
-105.4
Aug 2019
-103.1
Jul 2019
-209.8
May 2018
0
Aug 1992
BDT BillionMonthly1976 - 2019
Bhutan
-8,687.5
Jun 2019
-9,053.7
Mar 2019
-20,835.3
Dec 2011
3,469.8
Dec 2007
BTN MillionQuarterly1991 - 2019
Brunei
251.8
Jul 2019
39
Jun 2019
34.1
Jul 2015
2,971.45
Sep 2008
BND MillionMonthly2005 - 2019
Cambodia
-1,785
Jun 2019
-2,892
May 2019
-3,753
Dec 2013
363.2
Aug 2017
KHR BillionMonthly2009 - 2019
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