Exports from South Korea soared 41.1% yoy to USD 51.19 billion in April 2021, much faster than a 16.6% growth in March and compared with market expectations of a 44% jump. This was the sixth straight month of increase in outbound shipments and the steepest pace since January 2011, amid strengthening global demand in the aftermath of the COVID- crisis. The latest reading was also supported by a low base in 2020. Sales of semiconductors, the country's top export, surged 30.2%, the tenth straight month of growth; while those of cars and petrochemical products climbed 73.4% and 82.6%, respectively. Exports also grew for displays (43.5%), ships (14.3%), and rechargeable batteries (28%). Shipments to China jumped 31.7%, while those to the US gained 43%. Both sales hit their highest for any April month. Sales also rose to Southeast Asia nations (45.5%), and Japan (23.9%), while shipments to India more than doubled as New Delhi expanded its infrastructure spending. source: Ministry of Trade, Industry & Energy (MOTIE)

Exports in South Korea averaged 15551.95 USD Million from 1966 until 2021, 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 May of 2021.

Exports in South Korea is expected to be 48800.00 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 50500.00 in 12 months time. In the long-term, the South Korea Exports is projected to trend around 51700.00 USD Million in 2022, according to our econometric models.

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South Korea Exports

Actual Previous Highest Lowest Dates Unit Frequency
51190.00 53800.00 55115.24 14.75 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-01 12:00 AM Jan 11.4% 12.6% 9.8%
2021-03-01 12:00 AM Feb 9.5% 11.4% 9.5%
2021-04-01 12:00 AM Mar 16.6% 9.5% 16.2%
2021-05-01 12:00 AM Apr 41.1% 16.6% 44%


News Stream
South Korea Exports Rise the Most in Over a Decade
Exports from South Korea soared 41.1% yoy to USD 51.19 billion in April 2021, much faster than a 16.6% growth in March and compared with market expectations of a 44% jump. This was the sixth straight month of increase in outbound shipments and the steepest pace since January 2011, amid strengthening global demand in the aftermath of the COVID- crisis. The latest reading was also supported by a low base in 2020. Sales of semiconductors, the country's top export, surged 30.2%, the tenth straight month of growth; while those of cars and petrochemical products climbed 73.4% and 82.6%, respectively. Exports also grew for displays (43.5%), ships (14.3%), and rechargeable batteries (28%). Shipments to China jumped 31.7%, while those to the US gained 43%. Both sales hit their highest for any April month. Sales also rose to Southeast Asia nations (45.5%), and Japan (23.9%), while shipments to India more than doubled as New Delhi expanded its infrastructure spending.
2021-05-01
South Korea Exports Grow for 5th Month
Exports from South Korea jumped 16.6 percent from a year earlier to USD 53.8 billion in March of 2021, faster than a 9.5 percent increase in the previous month, and above market expectations of a 16.2 percent gain, a preliminary estimate showed. Exports advanced for a fifth straight month, amid strengthening global demand. Exports of chips rose by 8.6 percent, while those of automobile jumping 15.3 percent. Meanwhile, exports of rechargeable batteries were up 23.5 percent on the back of the green energy drive of the new U.S. administration, and those of bio-health products also surging 43.6 percent. Also, exports of ships soared 63.9 percent, as local shipbuilders clinched a series of major deals. At the same time, outbound shipment of petroleum products rose 18.3 percent, the first increase in more than two years. Among key trade partners, exports were up to the US (9.2 percent), China (26 percent), the EU (36.6 percent) and the ASEAN countries (10.8 percent).
2021-04-01
South Korea Exports Rise for 4th Month
Exports from South Korea increased 9.5 percent from a year earlier to USD 44.8 billion in February of 2021, slower than an 11.4 percent jump in the previous month, but in line with market expectations, a preliminary estimate showed. Exports advanced for a fourth straight month, amid higher sales of memory chips and cars, highlighting the country's significant trade recovery.
2021-03-01
South Korea Exports Rise More than Expected
Exports from South Korea increased 11.4% from a year earlier to USD 48 billion in January of 2021, after a 12.7% jump in the previous month, above market consensus of 9.8% rise, a preliminary estimate showed. It was the third straight month of increase in exports, as global demand gradually recovers. Exports of chips surged by 21.7%, while those of displays and mobile devices also jumping 32.3% and 58%, respectively. Also, exports of automobile jumped 40.2%, marking the sharpest growth since September 2017, driven by strong demand for sports utility vehicles and eco-friendly models. Meanwhile, exports of bio-health products soared 66.5%, while those of petrochemicals products rose 8.6%, marking the first growth in more than two years. By contrast, outbound shipment of petroleum goods slumped 46% from a year earlier. Among key trade partners, exports surged to the US (46.1%), China (22%), and the EU (23.9%). Conversely, exports to the ASEAN countries plunged 15.2%.
2021-02-01

South Korea Exports
South Korea has an export oriented economy and its exports account for more than 50 percent of GDP. The country's exports tumbled 10.3 percent to USD 542.4 billion in 2019 after reaching a record high in the previous year, due to the US-China trade dispute, Japan's restrictions on exports, Brexit, and Hong Kong protests. Main exports were electrical machinery and equipment (28 percent of total exports), nuclear reactors, boilers, machinery and mechanical (13 percent), road vehicles (12 percent), mineral fuels, mineral oils, bituminous substances (8 percent), plastics and articles thereof (6 percent), iron and steel (4 percent), optical, photographic, cinematographic, measuring (4 percent), organic chemicals (4 percent), and ships and boats (3 percent). China was the largest destination of South Korea's shipments (25 percent of total exports), followed by the US (14 percent), Vietnam (9 percent), Hong Kong (6 percent), Japan (5 percent), Taiwan and India (3 percent each), and Singapore, Mexico, Malaysia, Germany and the Philippines (2 percent each).
South Korea Exports by Country Last Previous
China 13367000.00 13411000.00 USD THO Apr/21
United States 7544000.00 7953000.00 USD THO Apr/21
European Union 5152000.00 6335000.00 USD THO Apr/21
Vietnam 4336000.00 4214000.00 USD THO Apr/21
Hong Kong 3403413.00 2519676.00 USD THO Mar/21
Japan 2460000.00 2421000.00 USD THO Apr/21
Taiwan 1902774.00 1667995.00 USD THO Mar/21
India 1352000.00 1339000.00 USD THO Apr/21
Germany 1165470.00 1032184.00 USD THO Mar/21
Singapore 1124051.00 690363.00 USD THO Mar/21
Mexico 923379.00 782655.00 USD THO Mar/21
Thailand 851017.00 642973.00 USD THO Mar/21
Russia 793258.00 665780.00 USD THO Mar/21
Malaysia 759714.00 726277.00 USD THO Mar/21
Australia 727267.00 626641.00 USD THO Mar/21
Indonesia 696165.00 608535.00 USD THO Mar/21
Turkey 671042.00 494976.00 USD THO Mar/21
Philippines 652711.00 582511.00 USD THO Mar/21
Poland 647705.00 543913.00 USD THO Mar/21
Canada 635286.00 572951.00 USD THO Mar/21
South Korea Exports by Category Last Previous
Heavy Industry Products 46054000.00 38360000.00 USD THO Mar/21
Semi Conductor 9342000.00 9506000.00 USD THO Apr/21
Kcs - Petroleum Chemical 4663000.00 4746000.00 USD THO Apr/21
Kcs - General Machinery 4304000.00 4750000.00 USD THO Apr/21
Passenger Car 4201000.00 3380000.00 USD THO Mar/21
Metal Goods 4188000.00 3541000.00 USD THO Mar/21
Kcs - Car 4146000.00 4398000.00 USD THO Apr/21
Crude Materials & Fuels 3717000.00 3261000.00 USD THO Mar/21
Information & Communications Equipment 3324000.00 2998000.00 USD THO Mar/21
Light Industry Products 3135000.00 2543000.00 USD THO Mar/21
Kcs - Petroleum Products 2879000.00 2722000.00 USD THO Apr/21
Kcs - Iron and Steel Products 2786000.00 2778000.00 USD THO Apr/21
Petroleum & Derivatives 2758000.00 2396000.00 USD THO Mar/21
Ship & Boat 2333000.00 1457000.00 USD THO Mar/21
Kcs - Auto Parts 2041000.00 2202000.00 USD THO Apr/21
Kcs - Wireless Communication Machine 1449000.00 1280000.00 USD THO Apr/21
Heavy Industry Products - Computer 1222000.00 992000.00 USD THO Mar/21
Kcs - Ship Class 1220000.00 2360000.00 USD THO Apr/21
Kcs - Fiber 1100000.00 1079000.00 USD THO Apr/21
Kcs - Computer 1074000.00 1264000.00 USD THO Apr/21

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category