Exports from South Korea jumped 7.7 percent from a year earlier to USD 48.05 billion in September 2020, the first increase in seven months and the fastest rise since October 2018, a preliminary estimate showed. Export growth also beat market expectations of a 2 percent rise, as global demand continued to recover from the coronavirus shock. Exports rose for chips (11.8 percent), automobiles (23.2 percent), home appliances (30.2 percent) and computers (66.8 percent). Also, exports of bio-health surged nearly 80 percent. Among key trade partners, exports rose to China (8.2 percent), the US (23.2 percent), ASEAN (4.3 percent), the EU (15.4 percent) and India (28.2 percent), but dropped to Japan (-6 percent), the Middle East (-9.7 percent), Latin America (-27.6 percent) and CIS (-16.6 percent).
Exports in South Korea averaged 15201.23 USD Million from 1966 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Ministry of Trade, Industry & Energy (MOTIE)
Exports in South Korea is expected to be 50800.00 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 50800.00 in 12 months time. In the long-term, the South Korea Exports is projected to trend around 51700.00 USD Million in 2021, according to our econometric models.