Korea Trade Balance


Exports rebound in October

According to preliminary data, in October, Korean exports registered USD 50.5 billion, which marked a 7.2% expansion compared to the same month last year and contrasted the revised 1.6% contraction observed in September (previously reported: -1.5% year-on-year). The reading represented the fastest expansion since August.

Meanwhile, imports rose 5.2% in October, which contrasted the 3.6% fall in September. The trade balance showed a USD 4.9 billion surplus in September, which was up from the USD 3.7 billion surplus tallied in the same month last year.

FocusEconomics Consensus Forecast panelists expect exports to expand 4.0% in 2013 and accelerate to 10.7% in 2014.

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Korea Trade Balance Chart

Korea Trade12m October 2013

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