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.

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South Korea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4170.00 2620.00 13419.36 -4043.46 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-01 12:00 AM Dec $6.94B $5.93B $ 5.7B
2021-02-01 12:00 AM Jan $3.96B $6.94B $6.3B
2021-03-01 12:00 AM Feb $2.71B $3.76B $4.3B
2021-04-01 12:00 AM Mar $4.17B $2.71B $ 5.7B
2021-05-01 12:00 AM Apr $4.17B $4.3B
2021-06-01 12:00 AM May
2021-07-01 01:00 AM Jun $ 6.8B
2021-08-01 12:00 AM Jul


News Stream
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 Trade Surplus Narrows in February
South Korea's trade surplus decreased to USD 2.71 billion in February of 2021 from USD 3.92 billion in the same month a year earlier, a preliminary estimate showed. Exports expanded for a fourth straight month and by 9.5 percent from a year earlier to USD 44.8 billion while imports rose 13.9 percent to USD 42.1 billion.
2021-03-01
South Korea Trade Surplus Widens in January
South Korea's trade surplus increased to USD 3.96 billion in January of 2021 from USD 0.39 billion in the same month a year earlier, a preliminary estimate showed. This was the ninth straight month of the trade surplus, amid the coronavirus pandemic. Exports surged 11.4 percent from a year earlier to USD 48 billion, the third consecutive month of increase in exports, while imports rose at a softer 3.1 percent to USD 44 billion.
2021-02-01
South Korea Trade Surplus Largest in 3 Months
South Korea's trade surplus increased to USD 6.94 billion in December 2020 from USD 1.98 billion in the same month a year earlier, a preliminary estimate showed. This was the largest trade surplus since September, as exports jumped 12.6 percent from a year earlier to USD 51.4 billion while imports rose at a softer 1.8 percent to USD 44.4 billion, amid the coronavirus pandemic. Considering the whole year of 2020, exports declined 5.4 percent from a year earlier to USD 512.8 billion, while imports dropped 7.2 percent to USD 467.2 billion, bringing a trade surplus of USD 45.6 billion.
2021-01-01

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.