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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 Million | 1966 - 2021 | N/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
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Sep 1, 2021 | 00:09 | South Korea Posts Smallest Trade Surplus in 4 Months |
| Aug 1, 2021 | 00:07 | South Korea Trade Surplus Smallest in 3 Months |
| Dec 1, 2019 | 02:40 | South Korea Posts Smallest Trade Surplus in 3 Months |
| 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 |
South Korea trade Indicators
All South Korea indicatorsIndicator | 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 Million | Monthly | 1966 - 2021 |
| Capital Flows | 6,544.4 Jul 2021 | 4,292.7 Jun 2021 | -6,323.3 Apr 2020 | 15,929.3 Oct 2020 | USD Million | Monthly | 1980 - 2021 |
| Current Account | 8,210.7 Jul 2021 | 8,850 Jun 2021 | -3,845 Aug 2008 | 12,409.7 Jun 2016 | USD Million | Monthly | 1980 - 2021 |
| Current Account to GDP | 3.5 Dec 2020 | 3.7 Dec 2019 | -10.5 Dec 1980 | 10.7 Dec 1998 | % of GDP | Yearly | 1980 - 2020 |
| Exports | 53,229 Aug 2021 | 55,434.19 Jul 2021 | 14.75 Jan 1966 | 55,434.19 Jul 2021 | USD Million | Monthly | 1966 - 2021 |
| External Debt | 604,166.6 Jun 2021 | 565,896.7 Mar 2021 | 80,766.4 Dec 1994 | 604,166.6 Jun 2021 | USD Million | Quarterly | 1994 - 2021 |
Balance of Trade across Asia
Balance of Trade global viewCountry | 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 Million | Yearly | 2003 - 2020 |
| Azerbaijan | 1,548,839 Mar 2021 | 167,957 Jan 2021 | -306,551 Dec 1998 | 8,201,764 Jun 2008 | USD Thousand | Quarterly | 1998 - 2021 |
| Bangladesh | -218.4 Jun 2021 | -77.6 Oct 2020 | -218.4 Jun 2021 | 0 Aug 1992 | BDT Billion | Monthly | 1976 - 2021 |
| Bhutan | -9,612.77 Mar 2021 | -5,286.51 Dec 2020 | -12,698.1 Dec 2015 | 7,255.77 Sep 2020 | BTN Million | Quarterly | 1991 - 2021 |
| Brunei | 210.3 Dec 2019 | 140.7 Nov 2019 | 34.1 Jul 2015 | 2,971.45 Sep 2008 | BND Million | Monthly | 2005 - 2019 |
| Cambodia | -1,422.4 Sep 2019 | -621.1 Aug 2019 | -3,753 Dec 2013 | 363.2 Aug 2017 | KHR Billion | Monthly | 2009 - 2019 |