Mnemonic | TREG.IKOR | |
---|---|---|
Unit | Ths. USD, NSA | |
Adjustments | Not Seasonally Adjusted | |
Monthly | 8.02 % | |
Data | Mar 2024 | 56,600,000 |
Feb 2024 | 52,400,000 |
Source | Ministry of Trade, Industry and Energy (MOTIE) |
Release | Foreign Trade |
Frequency | Monthly |
Start Date | 1/31/1966 |
End Date | 3/31/2024 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Balance of Goods | Mar 2024 | 4,300,000 | 4,300,000 | Ths. USD, NSA | Monthly |
Exports of Goods | Mar 2024 | 56,600,000 | 52,400,000 | Ths. USD, NSA | Monthly |
Imports of Goods | Mar 2024 | 52,300,000 | 48,100,000 | Ths. USD, NSA | Monthly |
Real Exports of Goods and Services | 2024 Q1 | 237,837 | 235,662 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Imports of Goods and Services | 2024 Q1 | 195,810 | 197,123 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Net Exports | 2024 Q1 | 42,026 | 38,538 | Bil. Ch. 2015 KRW, SA | Quarterly |
Current Account Balance | Feb 2024 | 6,858 | 3,045 | Mil. USD, NSA | Monthly |
Exports of Goods and Services | 2023 Q4 | 258,426 | 243,500 | Bil. KRW, SA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 247,005 | 237,104 | Bil. KRW, SA | Quarterly |
Net Exports | 2023 Q4 | 11,421 | 6,396 | Bil KRW, SA | Quarterly |
For South Korea, external merchandise trade: import and export price indexes, nominal and real, detailed by KSIC; terms of trade indexes.
The "net barter terms of trade" index measures the quantity of imports that can be purchased through the sale of a single unit of exports, relative to a base year.
The "income terms of trade" index measures the quantity of imports that can be purchased through the sale of gross exports, relative to a base year.
Active:
Predecessors:
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).
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.
The Clearance Planning Division of Clearance Facilitation Bureau is the responsible division in charge of the trade statistics affairs. In general, it abides by the UN recommendation (International Merchandise Trade Statistics; Concepts and Definitions, Rev. 2) in compiling trade statistics.
Imports and exports are recorded on the following dates:
The Ministry of Trade, Industry and Energy (MOTIE) publishes trade data on the first business day of each month.
Data Buffet also carries detail from the Bank of Korea (BOK) and Statistics Korea; these are published with a longer lag.
Yes. The previous period and same period last year (M-1 and M-12) are revised in the latest release.
MOTIE | Statistics Korea |
---|---|
Low precision | High precision |
TR$TBUM.IKOR | n/a |
TR$EXUM.IKOR | TRNEXUM.IKOR |
TR$IMUM.IKOR | TRNIMUM.IKOR |
External merchandise trade data may be based on monetary exchange or on the physical quantity of goods. Globally, terminology is not entirely standardized, and some definitions conflict.
The Bank of Korea (BOK) reports analytic variants that it calls price index, value index and volume index. Its methodological documentation is not entirely clear. The BOK "value indexes" appear to derive from the dollar-denominated trade levels (reported by MOTIE). The equivalency is evident if you frequency-convert the monthly data to annual:
Korea Customs Service:
Bank of Korea:
Bank of Korea - ECOS Economic Statistics System:
IMF (SDDS):