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.

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South Korea Exports

Actual Previous Highest Lowest Dates Unit Frequency
51400.00 45810.00 55115.24 14.75 1966 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-01 12:00 AM Sep 7.7% -10.1% 2%
2020-11-01 12:00 AM Oct -3.6% 7.6% -4%
2020-12-01 12:00 AM Nov 4% -3.8% 6.8%
2021-01-01 12:00 AM Dec 12.6% 4% 5.6% 5.1%


News Stream
South Korea Export Growth Beats Estimates
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.
2021-01-01
South Korea Exports Rebound in November
Exports from South Korea rose 4 percent from a year earlier to USD 45.81 billion in November 2020, after a 3.8 percent fall in the previous month, but below market consensus of 6.8 percent rise, though the resurgence in new virus cases still poses risks of delaying a full-fledged recovery, a preliminary estimate showed. Exports of chips jumped by 16.4 percent, the fifth consecutive month of increase, while those of automobiles also rose 2.1 percent. On the other hand, exports of displays also surged 21.4 percent. Exports of ships soared 32.6 percent on the improves demand for liquefied natural gas vessels. By contrast, outbound shipment of petrochemical fell 8.3 percent from a year earlier. Among key trade partners, exports were up to the US (6.8 percent), China (1 percent), and the EU (24.6 percent). Conversely, exports plunged to Japan (-12 percent).
2020-12-01
South Korea Exports Fall Less than Expected
Exports from South Korea dropped 3.6 percent from a year earlier to USD 44.9 billion in October 2020, after a downwardly revised 7.6 percent jump in the previous month, but better than market consensus of 4 percent fall, due to the resurgence of new coronavirus cases around the globe and fewer working days, a preliminary estimate showed. Exports of petrochemical and petroleum products plunged 10.6 percent from a year earlier, due to falling global oil prices. By contrast exports of chips increased by 10.2 percent, the fourth consecutive month of increase, while those of automobiles also rose 5.8 percent. On the other hand, exports of displays also went up 5.2 percent, the first time increase in 26 months, while those of computers rose by 5.3 percent. Among key trade partners, exports were down to China (-5.7 percent), Japan (-19.2 percent) and the ASEAN countries (-5.8 percent). Conversely, exports rose to the US (3.3 percent) and the EU (9.5 percent).
2020-11-01
South Korea Exports Rise for 1st Time in 7 Months
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).
2020-10-01

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 12010000.00 11541000.00 USD THO Nov/20
United States 6688000.00 6566000.00 USD THO Nov/20
European Union 4909000.00 4706000.00 USD THO Nov/20
Vietnam 4513000.00 4550000.00 USD THO Nov/20
Hong Kong 2636393.00 2731639.00 USD THO Nov/20
Japan 2120000.00 1932000.00 USD THO Nov/20
Taiwan 1582099.00 1553903.00 USD THO Nov/20
India 1145000.00 1085000.00 USD THO Nov/20
Germany 977324.00 783269.00 USD THO Nov/20
Mexico 772231.00 760937.00 USD THO Nov/20
Singapore 736009.00 588445.00 USD THO Nov/20
Thailand 700884.00 618337.00 USD THO Nov/20
Russia 698355.00 791896.00 USD THO Nov/20
Malaysia 664200.00 653655.00 USD THO Nov/20
Philippines 617492.00 574134.00 USD THO Nov/20
Indonesia 612510.00 491447.00 USD THO Nov/20
Australia 583213.00 592894.00 USD THO Nov/20
Poland 578348.00 513011.00 USD THO Nov/20
Canada 528802.00 647478.00 USD THO Nov/20
Turkey 446256.00 455129.00 USD THO Nov/20
South Korea Exports by Category Last Previous
Heavy Industry Products 39499000.00 39031000.00 USD THO Nov/20
Semi Conductor 8597000.00 8679000.00 USD THO Nov/20
Kcs - General Machinery 4266000.00 372000.00 USD THO Nov/20
Kcs - Car 3990000.00 4017000.00 USD THO Nov/20
Passenger Car 3802000.00 3851000.00 USD THO Nov/20
Information & Communications Equipment 3730000.00 3550000.00 USD THO Nov/20
Metal Goods 3538000.00 3416000.00 USD THO Nov/20
Light Industry Products 2958000.00 2742000.00 USD THO Nov/20
Kcs - Petroleum Chemical 2950000.00 2962000.00 USD THO Nov/20
Crude Materials & Fuels 2597000.00 2369000.00 USD THO Nov/20
Kcs - Iron and Steel Products 2295000.00 2271000.00 USD THO Nov/20
Kcs - Auto Parts 1885000.00 1807000.00 USD THO Nov/20
Petroleum & Derivatives 1777000.00 1696000.00 USD THO Nov/20
Kcs - Petroleum Products 1694000.00 1653000.00 USD THO Nov/20
Kcs - Wireless Communication Machine 1453000.00 1358000.00 USD THO Nov/20
Kcs - Ship Class 1047000.00 1449000.00 USD THO Nov/20
Kcs - Fiber 1021000.00 939000.00 USD THO Nov/20
Kcs - Computer 998000.00 943000.00 USD THO Nov/20
Ship & Boat 980000.00 1418000.00 USD THO Nov/20
Heavy Industry Products - Computer 941000.00 925000.00 USD THO Nov/20

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