South Korea registered a trade surplus of USD 0.39 billion in April 2021, shifting from a deficit of USD 1.66 billion in the same month a year earlier, a preliminary estimate showed. Year-on-year, exports jumped 41.1 percent to USD 51.19 billion, while imports grew by 33.9 percent to a record high of USD 50.80 billion. Considering the first four months of the year, the trade surplus widened to USD 10.94 billion from USD 7.01 in the same period of 2020. source: Ministry of Trade, Industry & Energy (MOTIE)
Balance of Trade in South Korea averaged 1152.21 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 May 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.