South Korea - Balance of Goods

South Korea: Balance of Goods

Mnemonic TRBG.IKOR
Unit Ths. US$, NSA
Adjustments Not Seasonally Adjusted
Monthly 83.58 %
Data Jun 2019 4,169,000
May 2019 2,271,000

Series Information

Source The Bank of Korea
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1966
End Date 6/30/2019

South Korea: Trade

Reference Last Previous Units Frequency
Balance of Goods Jun 2019 4,169,000 2,271,000 Ths. US$, NSA Monthly
Exports of Goods Jun 2019 44,179,000 45,907,000 Ths. US$ NSA Monthly
Imports of Goods Jun 2019 40,010,000 43,636,000 Ths. US$ NSA Monthly
Current Account Balance May 2019 4,949 -664.8 Mil. USD, NSA Monthly
Real Exports of Goods and Services 2019 Q1 214,859 220,518 Bil. 2010 KRW, SA Quarterly
Real Imports of Goods and Services 2019 Q1 198,859 205,671 Bil. 2010 KRW, SA Quarterly
Real Net Exports 2019 Q1 16,000 14,847 Bil. 2010 KRW, SA Quarterly
Exports of Goods and Services 2018 Q4 198,067 204,391 Bil. KRW, SA Quarterly
Imports of Goods and Services 2018 Q4 179,991 175,588 Bil. KRW, SA Quarterly
Net Exports 2018 Q4 18,076 28,802 Bil. KRW, SA Quarterly

Release Information

Korea's trade statistics include export and import statistics. The Korea Customs Service (KCS) is responsible for collecting, processing, compiling and publishing the statistics of country's exports and imports.

The legal basis for compiling and publishing the trade statistics of Korea is the Customs Act of the Republic of Korea.

Clearance Planning Division of Clearance Facilitation Bureau is the responsible division in charge of the trade statistics affairs. In general, we abide by the UN recommendation (International Merchandise Trade Statistics; Concepts and Definitions, Rev. 2) in compiling trade statistics.

Trade statistics comprise all goods which add to or subtract from the stock of material resources of Korea by entering (imports) or leaving (exports) its economic territory(with the exceptions mentioned below).

Export statistics include :

  •  Goods exported through the customs clearances (including postal items)
  • Exports manufactured at bonded factories or free export zones
  • Returns of imported goods - Re-exports of imported goods after processing procedure

Import statistics include :

  • Goods imported through the customs clearances (including postal items)
    Returns of exported goods
  • Re-imports of exported goods after processing procedure
  • Goods authorized to use at bonded-factories or free trade zones after introduced to these areas

Time of Recording Imports and exports are recorded on the following dates.
Goods for import and export : date of acceptance of declaration

Goods approved for use prior to the acceptance of import : date of approval

Goods approved for use in bonded factory, bonded construction site, export free zone : date of approval for use 

The previous period and same period last year are revised in the latest release.