Exports from South Korea surged 12.6 percent from a year earlier to USD 51.4 billion in December 2020, after a 4 percent rise in the previous month, far above market consensus of 5.6 percent rise, a preliminary estimate showed. Exports of chips surged by 30 percent, the fastest pace since August 2018, while those of displays and mobile devices also jumping 28 percent and 39.8 percent, respectively. Meanwhile, exports of ships doubled on-year in December to USD 2.78 billion, and those of bio-health products also doubled over the period. By contrast, outbound shipment of petroleum goods plunged 36.5 percent from a year earlier, while those of automobiles were down 4.4 percent. Among key trade partners, exports were up to the US (11.6 percent), China (3.3 percent), and the EU (26.4 percent). Considering the full year of 2020, exports dropped 5.4 percent from a year earlier to USD 512.8 billion, amid the coronavirus pandemic. source: Ministry of Trade, Industry & Energy (MOTIE)
Exports in South Korea averaged 15246.39 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 January of 2021.
Exports in South Korea is expected to be 47997.00 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.