FXEMPIRE
All
Ad
Advertisement
Advertisement

South Korea Balance of Trade

Last Release
Aug 2021
Actual
1670 USD Million
Forecast
6.8 USD Million
Previous
1770 USD Million
Frequency
Monthly
Units In
USD Million
Next Release
Oct 1, 2021
Time to Release
11 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
13419.356 USD Million
Sep 2017
-4043.456 USD Million
Jan 2008
1,165.4 USD Million1966 - 2021N/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's trade surplus decreased sharply to USD 1.67 billion in August 2021 from USD 3.65 billion in the same month a year earlier, a preliminary reading showed This was the smallest trade surplus since April, amid an ongoing coronavirus pandemic. Exports increased by 34.9 percent year-on-year to USD 53.93 billion, while imports expanded at a faster 44.0 percent to USD 51.56 billion. Considering the first eight months of the year, the trade surplus widened to USD 21.74 billion from USD 18.12 in the same period of 2020.

South Korea Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 1, 202100:09South Korea Posts Smallest Trade Surplus in 4 Months
Aug 1, 202100:07South Korea Trade Surplus Smallest in 3 Months
Dec 1, 201902:40South Korea Posts Smallest Trade Surplus in 3 Months
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

South Korea trade Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
1,670
Aug 2021
1,770
Jul 2021
-4,043.46
Jan 2008
13,419.36
Sep 2017
USD MillionMonthly1966 - 2021
Capital Flows
6,544.4
Jul 2021
4,292.7
Jun 2021
-6,323.3
Apr 2020
15,929.3
Oct 2020
USD MillionMonthly1980 - 2021
Current Account
8,210.7
Jul 2021
8,850
Jun 2021
-3,845
Aug 2008
12,409.7
Jun 2016
USD MillionMonthly1980 - 2021
Current Account to GDP
3.5
Dec 2020
3.7
Dec 2019
-10.5
Dec 1980
10.7
Dec 1998
% of GDPYearly1980 - 2020
Exports
53,229
Aug 2021
55,434.19
Jul 2021
14.75
Jan 1966
55,434.19
Jul 2021
USD MillionMonthly1966 - 2021
External Debt
604,166.6
Jun 2021
565,896.7
Mar 2021
80,766.4
Dec 1994
604,166.6
Jun 2021
USD MillionQuarterly1994 - 2021

Balance of Trade across Asia

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Afghanistan
-5,760.9
Dec 2020
-5,912.95
Dec 2019
-8,517.9
Dec 2012
-1,660.9
Dec 2005
USD MillionYearly2003 - 2020
Azerbaijan
1,548,839
Mar 2021
167,957
Jan 2021
-306,551
Dec 1998
8,201,764
Jun 2008
USD ThousandQuarterly1998 - 2021
Bangladesh
-218.4
Jun 2021
-77.6
Oct 2020
-218.4
Jun 2021
0
Aug 1992
BDT BillionMonthly1976 - 2021
Bhutan
-9,612.77
Mar 2021
-5,286.51
Dec 2020
-12,698.1
Dec 2015
7,255.77
Sep 2020
BTN MillionQuarterly1991 - 2021
Brunei
210.3
Dec 2019
140.7
Nov 2019
34.1
Jul 2015
2,971.45
Sep 2008
BND MillionMonthly2005 - 2019
Cambodia
-1,422.4
Sep 2019
-621.1
Aug 2019
-3,753
Dec 2013
363.2
Aug 2017
KHR BillionMonthly2009 - 2019

Trade With A Regulated Broker