South Korea Balance of Trade

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South Korea recorded a USD11.60 billion trade surplus in June of 2016, compared to a USD9.98 billion surplus a year earlier. It was the largest trade surplus on record as imports dropped more than exports, preliminary data showed. Year-on-year, exports fell by 2.7 percent, the slowest decline in a year, to USD45.3 billion. Imports dropped by 8.0 percent to USD33.70 billion while market expected a 9.5 percent decline. In May 2016, trade surplus stood at a marginally revised USD7.0 billion. The trade balance has been in consistent surpluses since February 2012. Balance of Trade in South Korea averaged 771.02 USD Million from 1966 until 2016, reaching an all time high of 11600 USD Million in June of 2016 and a record low of -4043.45 USD Million in January of 2008. Balance of Trade in South Korea is reported by the Ministry of Trade, Industry & Energy (MOTIE). Since 2009 South Korea has been recording trade surpluses due to exports growth. The country exports mainly machinery and transport equipment, oil, iron, steel and plastics while it imports oil, electrical machinery, natural gas and food. Main trading partners are: China (26 percent of total exports and 21 percent of total imports) and the United States (13 percent of exports and 10 percent of imports). Others include: Japan, ASEAN countries and Germany. 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.

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  1. Norway Balance of Trade Norway recorded a trade surplus of 23.54 NOK billion in February of 2017, a surge of 80.8 percent from the same month a year earlier, as exports jumped while imports fell. Year-on-year, sales grew by 18.0 percent to 71.24 NOK billion, driven by ships and oil platforms (728.5 percent), natural gas condensates (633.8 percent), crude oil (51.9 percent) and natural gas (21.8 percent). Imports declined by 3.7 percent to 47.71 NOK billion, mainly due to a 12.1 percent fall in purchases of food and live animals, a 10.3 percent drop in purchases of beverages and tobacco and...

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  3. Singapore Balance of Trade Singapore recorded a trade surplus of 3.29 SGD billion in January of 2017, compared to a 5.80 SGD billion surplus a year earlier. It was the smallest trade surplus since October 2014, as total exports increased by 11.1 percent (following a 9.2 percent rise in December) while total imports surge 21.0 percent (compared to a 13.2 percent growth in the preceding month). Total trade rose 15.6 percent, after a 11.0 percent increase in a month earlier. In December 2016, trade surplus came in at 6.12 SGD billion. Balance of Trade in Singapore averaged 735.28 Million SGD from 1964 until 2017,...

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  6. Mongolia Balance of Trade Mongolia recorded a trade surplus of 183 USD Million in February of 2017. Balance of Trade in Mongolia averaged -20.28 USD Million from 1997 until 2017, reaching an all time high of 362.30 USD Million in December of 2016 and a record low of -369.70 USD Million in July of 2012.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=mongoliabt&v=201703160122t&h=300&w=600&ref=/mongolia/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/mongolia/balance-of-trade’>tradingeconomics.com</a> Calendar GMT Reference Actual Previous Consensus Forecast 2017-01-17 11:00...

  7. Colombia Balance of Trade Colombia trade deficit narrowed to USD 0.67 billion in December of 2016 from a USD 1.62 billion gap in 2015, as exports posted the biggest gain since December of 2011 while imports fell. Exports jumped 32.7 percent year-on-year to USD 3.37 billion, driven by sales of fuels and mining products (43 percent vs 4.1 percent in November) and agricultural goods, food and beverages (50.6 percent vs 14.9 percent). Colombia exported Colombia exported 16.9 million barrels of oil in December, a decline of 24.2 percent compared to 22.3 million barrels a year earlier. Imports fell 2.8 percent to USD 4.04 billion,...

  8. Indonesia Balance of Trade Indonesia recorded a USD370 million trade surplus in May of 2016, down sharply from a USD1,080 million surplus reported a year earlier and below market estimates of a USD680 million. It was the lowest trade surplus since February as exports fell more than imports. Year-on-year, sales dropped by 9.75 percent to USD11.51 billion, following a 12.5 percent decline in April and market expectations of a 7.9 percent drop. Imports decreased by 4.12 percent to USD11.14 billion, compared to a 14.62 percent fall in April and market consensus of a 5.92 percent decline. In April 2016, trade surplus was downwardly revised...

  9. Italy Balance of Trade Year-on-year, exports rose 5.7 percent to €36.21 billion from €34.26 billion, boosted by higher sales of: Coke and refined petroleum products (21.8 percent); vehicles (21.3 percent); sport goods, games, musical instruments and other products (12.3 percent); substances and chemicals (11 percent); and base metals (9.7 percent). By contrast, exports fell for transport equipment (-17 percent). By main industrial groups, sales rose for: Energy (24.5 percent); intermediate goods (6.5 percent); capital goods (4.8 percent); and consumer goods (4.3 percent). The biggest increases in shipments were reported for China (20.9 percent); MERCOSUR countries (19.9 percent); Poland (19.1 percent); the US (12.1 percent);...

  10. Kazakhstan Balance of Trade Kazakhstan recorded a trade surplus of 1289.20 USD Million in January of 2017. Balance of Trade in Kazakhstan averaged 1447.26 USD Million from 1998 until 2017, reaching an all time high of 6771.90 USD Million in June of 2011 and a record low of -22.10 USD Million in November of 1998.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=kazakhstanbt&v=201703180222t&h=300&w=600&ref=/kazakhstan/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/kazakhstan/balance-of-trade’>tradingeconomics.com</a> Kazakhstan has been recording trade surpluses since 1998 mainly due to rise in shipments of oil and other commodities. Main imports are:...

  11. Thailand Balance of Trade Thailand recorded a trade surplus of 1,540 USD million in May of 2016, compared to a 2,416 USD million surplus a year earlier and below market estimates, as exports fell while imports unexpectedly rose. Year-on-year, sales decreased by 4.4 percent to 17,620 USD million, following a 8.0 percent drop in April. Imports were up 0.5 percent to 16,080 USD million, after declining 14.92 percent in April while market expected a 5.45 percent fall. In April 2016, trade surplus was recorded at 721.35 USD million. Balance of Trade in Thailand averaged -62.53 USD Million from 1991 until 2016, reaching an all...

  12. Serbia Balance of Trade Serbian trade deficit widened to USD 319.1 million in January of 2017 compared to USD 238 million gap a year ago. Exports rose 7.6 percent to USD 995.9 million, driven by food and live animals (12.9 percent); electrical machinery (24.2 percent); articles of apparel and clothing accessories (7.8 percent); power-generating machinery (33.7 percent); non-ferrous metals (12.1 percent). Imports went up 13 percent to USD 1315 million, driven by petroleum (25.8 percent) and electrical machinery (32.6 percent). Export increased to Germany (6.4 percent), Russia (16.9 percent) and Bulgaria (91.5 percent). Imports were up from Germany (25.4 percent), China...

  13. Malaysia Balance of Trade Malaysia Trade Surplus Widens In February Malaysia reported a MYR 8.7 billion trade surplus in February of 2017, compared to a MYR 7.35 billion surplus a year earlier and beating market consensus of a MYR 6.05 billion surplus. Year-on-year exports surged 26.5 percent to MYR 71.8 billion, following a 13.6 percent rise in January and beating market consensus of a 17.9 percent growth. Exports increase for the fourth straight month boosted by electrical & electronic products (22.4 percent to MYR 24.6 billion, 34.2 percent of total exports), palm oil and palm based products (62.8 percent to MYR 7.0 billion, 9.7...

  14. China Balance of Trade China trade surplus stood at USD49.98 billion in May of 2016, down from USD58.87 billion reported a year earlier and below market estimates, as exports fell more than imports. In May, exports declined by 4.1 percent year-on-year to USD181.06 billion, following a 1.8 percent drop in the preceding month and market consensus of a 3.6 percent drop. Imports dropped by 0.4 percent to USD131.08 billion while markets expected a 6.0 percent fall. It is the 19th straight month of contraction, as a result of declining commodity prices and weak demand. In April 2016, the country registered a USD45.56 billion trade...

  15. Iran Balance of Trade Iran recorded a trade surplus of 4127 USD Million in the third quarter of 2016. Balance of Trade in Iran averaged 7654.08 USD Million from 1974 until 2016, reaching an all time high of 39427 USD Million in the fourth quarter of 2007 and a record low of -6529 USD Million in the fourth quarter of 1992.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com Iran has been recording trade surpluses since 1999 due to a rise in the shipments of oil and natural gas (82 percent of total exports). Yet, the UN Security Council...

  16. Luxembourg Balance of Trade Luxembourg’s seasonally adjusted trade deficit slightly narrowed to EUR 0.35 billion in January of 2017 from a EUR 0.36 billion shortfall in December. Exports increased 10.5% to EUR 1.15 billion and imports rose at a slower 6.8% to EUR 1.49 billion. On a non-seasonally adjusted basis, the trade deficit shrank to EUR 0.24 billion from EUR 0.35 billion gap a year earlier. Exports rose 28% to EUR 1.14 billion, boosted by sales of machinery and equipment (25.1%); primary materials (11.7%); transport equipment (4.8%) and miscellaneous articles (201.4%). In contrast, shipments declined for food and live animals (-1.3%)...

  17. Japan Balance of Trade Japan recorded a 40.72 JPY billion deficit in May of 2016, compared to a 215.35 JPY billion gap a year earlier and missing market consensus of a surplus. It was the first deficit since January. Exports dropped by 11.3 percent to 5,090.95 JPY billion, while markets expected a 10.4 percent decline. Imports decreased by 13.8 percent to 5,953.22 JPY billion and matching market consensus. In April 2016, the country posted a 823.47 JPY billion trade surplus, the largest since March 2010. Balance of Trade in Japan averaged 369.43 JPY Billion from 1963 until 2016, reaching an all time high of...

  18. Indonesia Exports Exports from Indonesia dropped by 9.75 percent from a year earlier to USD11.51 billion in May of 2016, following a 12.5 percent decline in April and market expectations of a 7.9 percent fall. It was the 20th straight month of fall, as sales of non-oil and gas products dropped by 7.12 percent to USD10.55 billion and those of oil and gas dropped by 31.22 percent to USD957.9 million. Compared to the previous month, exports were up by 0.31 percent. Oil exports rose 7.42 percent and sales of non-oil and gas products declined sby 0.29 percent. Sales were up to the...

  19. Bulgaria Balance of Trade Bulgaria’s trade balance shifted to BGN 408.1 million deficit from BGN 126.2 million surplus in the same month a year earlier. Exports jumped 8.7 percent to BGN 3.7 billion as sales to the EU increased by 6.6 percent and those to non-EU countries rose by 12.7 percent. Meantime, imports went up at a faster 21 percent to BGN 3.9 billion as purchases from EU and non-EU countries grew by 16 percent and 30.4 percent, respectively. Balance of Trade in Bulgaria averaged -542.57 BGN Million from 2000 until 2017, reaching an all time high of 210.90 BGN Million...

  20. Sweden Balance of Trade In January 2017 Swedish exports of goods amounted to SEK 103.4 billion, while imports of goods amounted to SEK 101.9 billion. As a result, the net trade balance was SEK 1.5 billion. In January 2016, there was a net trade surplus of SEK 0.8 billion. The value of exports in January 2017 amounted to SEK 103.4 billion, while imports were valued at SEK 101.9 billion. Compared with January 2016, exports increased by 19 percent in value, while imports increased by 18 percent in value. Trade with countries outside the EU resulted in a surplus of SEK 9.4 billion, while EU trade...