South Korea's current account swang to a USD 0.66 billion deficit in April 2019 from a USD 1.36 billion surplus in the same month the previous year. It is the first current account gap since April 2012, as the goods surplus declined to USD 5.67 billion from USD 9.62 billion a year ago. Exports fell to USD 48.3 billion (from USD 51.51 billion in April 2018), partly because of lower prices for semiconductors; and imports rose to USD 42.63 billion (from USD 41.89 billion). In contrast, the primary income deficit narrowed to USD 4.33 billion from USD 5.62 billion, the services income gap fell to USD 1.43 billion from USD 1.98 billion, and the secondary account shortfall declined to USD 0.57 billion from USD 0.66 billion. Considering the first four months of the year, the country's current account posted a USD 10.58 billion surplus compared to a USD 13.01 surplus in the same period of 2018. Current Account in South Korea averaged 1556.54 USD Million from 1900 until 2019, reaching an all time high of 12409.70 USD Million in June of 2016 and a record low of -3845 USD Million in August of 2008.

Current Account in South Korea is expected to be 7500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in South Korea to stand at 4500.00 in 12 months time. In the long-term, the South Korea Current Account is projected to trend around 4100.00 USD Million in 2020, according to our econometric models.

South Korea Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-07 11:00 PM Current Account $2.77B $4.82B $2.4B
2019-04-03 11:00 PM Current Account $3.60B $2.82B $3.5B
2019-05-07 11:00 PM Current Account $4.82B $3.60B $4.8B
2019-06-04 11:00 PM Current Account $-0.66B $4.82B $1.1B
2019-07-04 11:00 PM Current Account $-0.66B $7.4B
2019-08-05 11:00 PM Current Account $7.5B
2019-09-04 11:00 PM Current Account $6.9B


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 2271.00 4003.33 13419.36 -4043.46 USD Million [+]
Current Account -660.00 4820.00 12409.70 -3845.00 USD Million [+]
Current Account to GDP 4.70 4.90 10.70 -10.50 percent [+]
Imports 43636.00 44826.01 48480.62 38.61 USD Million [+]
Exports 45907.00 48829.34 55115.24 14.75 USD Million [+]
External Debt 440584.60 440598.50 452718.00 80766.40 USD Million [+]
Terms of Trade 90.50 91.40 228.10 82.90 Index Points [+]
Foreign Direct Investment 3173570.00 7698151.00 10820073.00 0.00 USD Thousand [+]
Capital Flows 363.00 6183.20 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1645900.00 1107900.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1635066.00 1535641.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.29 0.61 2.62 0.00 [+]
Weapons Sales 1083.00 751.00 1083.00 7.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



South Korea Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - South Korea Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Current Account - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-660.00 4820.00 12409.70 -3845.00 1900 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -3849.00 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 19.20 Apr/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 3913.80 Apr/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 17215.95 Mar/19
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -130400.00 Mar/19


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