Exports from South Korea soared 41.1% yoy to USD 51.19 billion in April 2021, much faster than a 16.6% growth in March and compared with market expectations of a 44% jump. This was the sixth straight month of increase in outbound shipments and the steepest pace since January 2011, amid strengthening global demand in the aftermath of the COVID- crisis. The latest reading was also supported by a low base in 2020. Sales of semiconductors, the country's top export, surged 30.2%, the tenth straight month of growth; while those of cars and petrochemical products climbed 73.4% and 82.6%, respectively. Exports also grew for displays (43.5%), ships (14.3%), and rechargeable batteries (28%). Shipments to China jumped 31.7%, while those to the US gained 43%. Both sales hit their highest for any April month. Sales also rose to Southeast Asia nations (45.5%), and Japan (23.9%), while shipments to India more than doubled as New Delhi expanded its infrastructure spending. source: Ministry of Trade, Industry & Energy (MOTIE)
Exports in South Korea averaged 15551.95 USD Million from 1966 until 2021, reaching an all time high of 55115.24 USD Million in September of 2017 and a record low of 14.75 USD Million in January of 1966. This page provides the latest reported value for - South Korea Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Exports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Exports in South Korea is expected to be 48800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in South Korea to stand at 50500.00 in 12 months time. In the long-term, the South Korea Exports is projected to trend around 51700.00 USD Million in 2022, according to our econometric models.