South Korea's current account surplus narrowed to USD 3.60 billion in February 2019 from USD 3.90 billion in the same month the previous year. The goods surplus declined to USD 5.48 billion from USD 5.57 billion a year ago, as exports fell to USD 40.13 billion (from USD 44.99 billion) and imports decreased to USD 34.65 billion (from USD 39.42 billion). Also, the primary income surplus narrowed to USD 0.36 billion from USD 1.44 billion and the secondary income gap remained almost unchanged at USD 0.5 billion. Meanwhile, the services account deficit went down to USD 1.72 billion from USD 2.61 billion a year earlier. Considering the first two months of the year, the country's current account posted a USD 6.43 billion surplus compared to a USD 6.55 surplus in the same period of 2018. Current Account in South Korea averaged 1547.24 USD Million from 1900 until 2018, 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 7800.00 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 9850.00 in 12 months time. In the long-term, the South Korea Current Account is projected to trend around 9010.00 USD Million in 2020, according to our econometric models.

South Korea Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-07 11:00 PM Current Account $5.06B $9.19B $8.5B
2019-02-14 11:00 PM Current Account $4.82B $5.06B $ 10.7B
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 $3.60B $ 9.8B
2019-06-04 11:00 PM Current Account
2019-07-03 11:00 PM Current Account


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 5222.00 2963.60 13419.36 -4043.46 USD Million [+]
Current Account 3601.90 2824.90 12409.70 -3845.00 USD Million [+]
Current Account to GDP 4.70 4.90 10.70 -10.50 percent [+]
Imports 41890.00 36466.00 48480.62 38.61 USD Million [+]
Exports 47110.00 39440.00 55115.24 14.75 USD Million [+]
External Debt 440598.50 449529.10 452718.00 80766.40 USD Million [+]
Terms of Trade 95.90 97.50 237.00 86.10 Index Points [+]
Foreign Direct Investment 3173570.00 7698000.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 3418.80 2973.80 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1107900.00 1085300.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1201802.00 1104803.00 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 587.00 585.00 587.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3601.90 2824.90 12409.70 -3845.00 1900 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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