Exports from South Korea expanded 30.7% yoy to USD their highest since October 2018 of USD 54.80 billion in June 2021, above market forecasts of a 33.6% growth and after a 45.6% rise in May. This was the eighth straight month of increase in outbound shipments, amid strengthening overseas demand in the aftermath of the COVID- crisis. Sales of chips, the country's top export, soared 34.4%, while those of cars and petroleum products surged 62.5% and 79.6%, respectively. Exports also grew for the bio-health sector (13.5%) and rechargeable batteries (39.4%). Shipments to China jumped 14.3%, while those to the US gained 51.9%. Sales also rose to the EU (65.3%). source: Ministry of Trade, Industry & Energy (MOTIE)
Exports in South Korea averaged 15663.70 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 July of 2021.
Exports in South Korea is expected to be 49800.00 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.