South Korea - Exports of Goods

South Korea: Exports of Goods

Mnemonic TREG.IKOR
Unit Ths. US$ NSA
Monthly 4.61 %
Data Oct 2019 46,784,000
Sep 2019 44,721,000

Series Information

Source The Bank of Korea
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1966
End Date 10/31/2019

South Korea: Trade

Reference Last Previous Units Frequency
Balance of Goods Oct 2019 5,393,000 5,981,000 Ths. US$, NSA Monthly
Exports of Goods Oct 2019 46,784,000 44,721,000 Ths. US$ NSA Monthly
Imports of Goods Oct 2019 41,391,000 38,740,000 Ths. US$ NSA Monthly
Current Account Balance Sep 2019 7,477 5,265 Mil. USD, NSA Monthly
Real Exports of Goods and Services 2019 Q3 200,800 192,966 Bil. Ch. 2015 KRW, SA Quarterly
Real Imports of Goods and Services 2019 Q3 173,593 172,007 Bil. Ch. 2015 KRW, SA Quarterly
Real Net Exports 2019 Q3 27,207 20,959 Bil. Ch. 2015 KRW, SA Quarterly
Exports of Goods and Services 2019 Q2 191,823 185,388 Bil. KRW, SA Quarterly
Imports of Goods and Services 2019 Q2 181,346 166,349 Bil. KRW, SA Quarterly
Net Exports 2019 Q2 10,476 19,038 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 South Korea by entering (imports) or leaving (exports) its economic territory (with the exceptions mentioned below).

Export statistics

  • 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

  • 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.