South Korea Exports

Exports from South Korea declined unexpectedly by 1.2 percent year-on-year to USD 48.46 billion in December of 2018, following a 4.1 percent gain in a month earlier and below market estimates of a 3.3 percent rise. It was the first drop in outbound shipments in three months, amid ongoing trade conflict between China and the US. Sales of semiconductors, which dominate the country’s sales, were down 8.3 percent.Exports to China, South Korea's top trading partner, contracted 13.9 percent and marking the second straight month of fall. Considering the whole year of 2018, exports grew 5.5 percent from the same period a year earlier to a record high of USD 605.5 billion. Exports in South Korea averaged 14268.46 USD Million from 1966 until 2018, 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.

Exports in South Korea is expected to be 49100.00 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 51800.00 in 12 months time. In the long-term, the South Korea Exports is projected to trend around 50800.00 USD Million in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus
2018-10-01	12:00 AM	Exports YoY	-8.2%	8.7%	-5.7%
2018-11-01	12:00 AM	Exports YoY	22.7%	-8.2%	17%
2018-12-01	12:00 AM	Exports YoY	4.5%	22.7%	6.6%
2019-01-01	12:00 AM	Exports YoY	-1.2%	4.1%	3.3%
2019-02-01	12:00 AM	Exports YoY		-1.2%
2019-03-01	12:00 AM	Exports YoY
2019-04-01	12:00 AM	Exports YoY

South Korea Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	4558.00	4931.19	13419.36	-4043.46	USD Million	[+]
Current Account	5063.40	9190.00	12287.50	-3756.80	USD Million	[+]
Current Account to GDP	5.60	7.00	10.70	-10.50	percent	[+]
Imports	43906.00	46834.52	48486.10	38.61	USD Million	[+]
Exports	48646.00	51765.72	55115.24	14.75	USD Million	[+]
External Debt	449529.10	440543.60	452718.00	80766.40	USD Million	[+]
Terms of Trade	95.90	97.10	237.00	86.10	Index Points	[+]
Foreign Direct Investment	7698000.00	3448981.00	10819799.00	0.00	USD Thousand	[+]
Capital Flows	4247.90	10670.50	12440.20	-3385.80	USD Million	[+]
Tourism Revenues	1261800.00	1530400.00	1765400.00	326500.00	USD Million	[+]
Tourist Arrivals	1350390.00	1527832.00	1703495.00	213006.00		[+]
Gold Reserves	104.40	104.40	104.44	13.00	Tonnes	[+]
Terrorism Index	0.61	0.23	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 Exports

South Korea has an export oriented economy and its exports accounts for more than 50% of GDP. The country exports mainly machinery and transport equipment (59 percent of total exports) such as: electrical machinery, apparatus, appliances and electrical parts (18 percent); road vehicles (13 percent); telecommunications, sound recording; reproducing apparatus and equipment (8 percent). Other exports include: petroleum, petroleum products, related materials (6 percent); iron, steel (4 percent) and plastics (4 percent). Major export partners are China (26 percent of total exports), the United States (13 percent) Hong Kong (6 percent), Vietnam, Japan (5 percent each) and Singapore (3 percent). Others include: India, Taiwan, Mexico, Australia, Saudi Arabia and Philippines. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.