South Korea's trade surplus increased to USD 4.44 billion in June 2021 from USD 3.42 billion in the same month a year earlier. Exports climbed 30.7 percent year-on-year to their highest since October 2018 of USD 54.80 billion, while imports jumped 40.7 percent to USD 50.36 billion. Considering the first six months of the year, the trade surplus widened sharply to USD 18.31 billion from USD 10.53 in the same period of 2020. source: Ministry of Trade, Industry & Energy (MOTIE)

Balance of Trade in South Korea averaged 1159.81 USD Million from 1966 until 2021, reaching an all time high of 13419.36 USD Million in September of 2017 and a record low of -4043.46 USD Million in January of 2008. This page provides the latest reported value for - South Korea Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Balance of Trade in South Korea is expected to be 5708.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in South Korea to stand at 6700.00 in 12 months time. In the long-term, the South Korea Balance of Trade is projected to trend around 6700.00 USD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Korea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4440.00 2940.00 13419.36 -4043.46 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 12:00 AM Mar $4.17B $2.71B $ 5.7B
2021-05-01 12:00 AM Apr $0.39B $4.13B $4.3B
2021-06-01 12:00 AM May $2.93B $0.43B $3.2B
2021-07-01 12:00 AM Jun $4.44B $2.94B $ 6.8B
2021-08-01 12:00 AM Jul $4.44B $5B
2021-09-01 12:00 AM Aug
2021-10-01 12:00 AM Sep $ 6.8B
2021-11-01 12:00 AM Oct


News Stream
South Korea Trade Surplus Widens in June
South Korea's trade surplus increased to USD 4.44 billion in June 2021 from USD 3.42 billion in the same month a year earlier. Exports climbed 30.7 percent year-on-year to their highest since October 2018 of USD 54.80 billion, while imports jumped 40.7 percent to USD 50.36 billion. Considering the first six months of the year, the trade surplus widened sharply to USD 18.31 billion from USD 10.53 in the same period of 2020.
2021-07-01
South Korea Trade Surplus Surges
South Korea trade surplus soared sharply to USD 2.93 billion in May 2021 from USD 0.2 billion in the same a year earlier. Exports climbed 45.6% yoy to USD 50.73 billion, while imports grew at a slower 37.9% to USD 47.81 billion. Considering the first five months of the year, the trade surplus widened sharply to USD 13.87 billion from USD 7.11 in the same period of 2020.
2021-06-01
South Korea Trade Balance Swings to Surplus in April
South Korea registered a trade surplus of USD 0.39 billion in April 2021, shifting from a deficit of USD 1.66 billion in the same month a year earlier, a preliminary estimate showed. Year-on-year, exports jumped 41.1 percent to USD 51.19 billion, while imports grew by 33.9 percent to a record high of USD 50.80 billion. Considering the first four months of the year, the trade surplus widened to USD 10.94 billion from USD 7.01 in the same period of 2020.
2021-05-01
South Korea Trade Surplus Narrows in March
South Korea's trade surplus declined to USD 4.17 billion in March of 2021 from USD 4.36 billion in the same month a year earlier, a preliminary estimate showed. Exports expanded for a fifth straight month and by 16.6 percent from a year earlier to USD 53.8 billion while imports rose 18.8 percent to USD 49.6 billion.
2021-04-01

South Korea Balance of Trade
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.