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. source: Ministry of Trade, Industry & Energy (MOTIE)
Balance of Trade in South Korea averaged 1148.93 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 April 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.