Korea Trade Balance


Trade surplus widens in March

In March, exports rose a robust 28.9% over the same month the previous year to reach USD 48.1 billion, according to data released by the Korea Customs Services (KCS). The reading came in above the 16.9% February print and confirmed the strength of the external sector, with exports expanding at a double-digit rate for the 17th consecutive month. According to the Ministry of Knowledge Economy (MKE), the March result reflected a strong increase in exports of petroleum products, which surged 87.8% over the previous year. In addition, ship exports jumped 70.1%. Imports increased 27.3% year-on-year in March, up from February's 16.6% annual increase, reaching USD 45.3 billion. As exports outpaced imports, the trade surplus expanded from USD 2.4 billion in February to USD 2.8 billion in March.

Sample Report

Looking for forecasts related to Trade Balance in Korea? Download a sample report now.


Korea Economic News

More news

Search form