South Korea Balance of Trade

Last Release

Oct 31, 2024

Actual

3,170

Units In

USD Million

6,660

Frequency

Monthly

Next Release

Dec 01, 2024

Time to Release

27 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
13,419.36 Sep 2017	-12,650 Jan 2023	1,086.12 USD Million	1966-2024	N/A

South Korea remained as a net exporter for the 11th consecutive year in 2019 with a trade surplus of USD 39.2 billion, despite a downturn in semiconductors, petrochemicals, and petroleum products industry and challenges such as the US-China trade dispute, Japan’s restrictions on exports, Brexit, and Hong Kong protests.

Latest Updates

South Korea's trade surplus increased to USD 3.17 billion in October 2024 from USD 1.56 billion in the same month a year earlier, but smaller than market forecasts of USD 4.23 billion, preliminary estimates showed. It was the 17th month of surplus, as exports rose more than imports. Sales grew 4.6% year-on-year to USD 57.52 billion, the 13th consecutive month of expansion, but the softest pace in seven months, and below forecasts of a 6.9% gain, supported by robust semiconductor demand. Meanwhile, imports increased 1.7% from a year earlier to USD 54.35 billion, the fourth straight month of increase, but the softest pace in sequence, easing from a 2.2% rise in September and softer than estimates of a 2.9% growth.