South Korea Trade balance

by Eduardo Petazze
In May 2014 exports fell by 0.9% Y/Y and imports grew by 0.3% Y/Y in USD terms
The following table summarizes the evolution of foreign trade in goods South Korea, in millions of U.S. dollars.
Provisional data for May 2014, released by MKE
April data corresponding to data released by Customs.
The seasonally adjusted data series and our own estimate for the remainder of the year is added.
Trade balance million USD, NSA
Trade balance million USD, SA
South
Korea
Exports
Y/Y
Imports
Y/Y
Balance
Exports
Y/Y
Imports
Y/Y
Balance
2006
325,464.85 14.43% 309,382.63 18.43% 16,082.22 325,464.85 14.43% 309,382.63 18.43% 16,082.22
2007
371,489.09 14.14% 356,845.73 15.34% 14,643.35 371,489.09 14.14% 356,845.73 15.34% 14,643.35
2008
422,007.32 13.60% 435,274.74 21.98% -13,267.42 422,007.32 13.60% 435,274.74 21.98% -13,267.42
2009
363,533.56 -13.86% 323,084.52 -25.77% 40,449.03 363,533.56 -13.86% 323,084.52 -25.77% 40,449.03
2010
466,383.76 28.29% 425,212.16 31.61% 41,171.60 466,383.76 28.29% 425,212.16 31.61% 41,171.60
2011
555,213.65 19.05% 524,413.09 23.33% 30,800.56 555,213.65 19.05% 524,413.09 23.33% 30,800.56
2012
547,869.79 -1.32% 519,584.47
-0.92% 28,285.31 547,869.79 -1.32% 519,584.47 -0.92% 28,285.31
2013
559,632.43
2.15% 515,585.52
-0.77% 44,046.91 559,632.43
2.15% 515,585.52 -0.77% 44,046.91
2014
577,065.70
3.12% 525,921.25
2.00% 51,144.44 577,065.70
3.12% 525,921.25
2.00% 51,144.44
Own estimate
Trade balance million USD, NSA
Trade balance million USD, SA
South
Korea
Exports
Y/Y
Imports
Y/Y
Balance
Exports
M/M
Imports
M/M
Balance
2013/01
45,673.11 10.86%
45,296.94
4.09%
376.17
48,715.39
8.19%
44,076.95
3.46%
4,638.44
2013/02
42,331.84 -8.60%
40,458.47 -10.29%
1,873.36
43,775.28 -10.14%
40,750.03 -7.55%
3,025.26
2013/03
47,312.70 -0.04%
43,976.74
-2.39%
3,335.96
46,183.31
5.50%
42,910.12
5.30%
3,273.19
2013/04
46,157.93
0.14%
43,648.24
-0.70%
2,509.68
46,150.03 -0.07%
43,126.36
0.50%
3,023.67
2013/05
48,307.56
3.06%
42,389.87
-4.70%
5,917.69
46,790.62
1.39%
42,410.55 -1.66%
4,380.07
2013/06
46,690.98 -1.00%
40,719.39
-3.03%
5,971.59
45,710.80 -2.31%
42,642.23
0.55%
3,068.58
2013/07
45,829.52
2.60%
43,384.40
3.35%
2,445.12
46,731.99
2.23%
43,704.32
2.49%
3,027.67
2013/08
46,311.34
7.59%
41,593.82
1.16%
4,717.52
47,926.61
2.56%
43,416.77 -0.66%
4,509.84
2013/09
44,650.49 -1.68%
41,055.41
-3.53%
3,595.08
45,773.70 -4.49%
42,342.21 -2.47%
3,431.48
2013/10
50,480.48
7.21%
45,604.96
5.13%
4,875.52
47,581.72
3.95%
43,794.42
3.43%
3,787.30
2013/11
47,905.03
0.21%
43,106.07
-0.63%
4,798.95
46,337.50 -2.61%
42,786.17 -2.30%
3,551.34
2013/12
47,981.46
6.92%
44,351.19
2.98%
3,630.27
47,955.46
3.49%
43,625.38
1.96%
4,330.09
2014/01
45,601.51 -0.16%
44,823.06
-1.05%
778.45
49,655.16
3.54%
44,672.20
2.40%
4,982.95
2014/02
42,977.29
1.52%
42,043.69
3.92%
933.60
46,635.55 -6.08%
44,767.43
0.21%
1,868.11
2014/03
49,716.78
5.08%
45,552.03
3.58%
4,164.75
48,523.04
4.05%
44,220.52 -1.22%
4,302.52
2014/04
50,309.94
9.00%
45,849.84
5.04%
4,460.10
48,901.00
0.78%
45,094.44
1.98%
3,806.56
2014/05
47,882.00 -0.88%
42,533.00
0.34%
5,349.00
46,595.33 -4.71%
42,219.74 -6.37%
4,375.59
2014/06
49,357.15
5.71%
42,489.97
4.35%
6,867.18
47,585.19
2.12%
43,113.68
2.12%
4,471.52
2014/07
48,280.65
5.35%
43,834.15
1.04%
4,446.50
47,202.94 -0.80%
43,333.28
0.51%
3,869.65
2014/08
46,389.38
0.17%
42,956.97
3.28%
3,432.41
48,026.72
1.75%
43,286.96 -0.11%
4,739.76
2014/09
47,533.91
6.46%
42,584.22
3.72%
4,949.69
47,646.56 -0.79%
42,701.59 -1.35%
4,944.97
Last data SA data is our own estimate
Provisional data
Own estimate
Also see: Balance of Payments during April 2014
The current account registered a surplus of 7.12 billion dollars for April 2014.
The financial account recorded a net outflow of 6.24 billion dollars, up from 5.78 billion dollars the previous month.

Trade Index and Terms of Trade during April 2014

The terms of trade index increased by 0.7% Y/Y in April of 2014, and the income terms of trade index increased by 9.9% Y/Y
Links: BoK
Trade Index & Terms of Trade : April 2014 pdf, 4 pages
Export Import Price Indices(201404), pdf 7 pages
Export / Import Indices
Terms of Trade
Volume index Export prices
2010=100
Exports
Imports
Net barter Y/Y (%) Income Y/Y (%)
Index Y/Y (%) Index Y/Y (%)
2010
100.07
-4.93 99.87 16.59 100.00 99.99 22.34 100.01
-2.56 100.00
2011
89.22 -10.84 101.46
1.59 119.24 113.88 13.89 104.71
0.24 123.96
2012
87.06
-2.42 104.71
3.20 121.28 120.27
5.62 100.84
-2.36 122.96
2013
89.57
2.88 112.88
7.80 124.70 126.02
4.78 98.95
-4.27 122.27
2010=100
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
Last data

Terms of Trade
Volume index
Exports
Net barter Y/Y (%) Income Y/Y (%)
Index Y/Y (%)
88.94
1.95 108.70 18.15 122.50 122.22 15.89
89.02
1.81 100.60
-1.27 113.76 113.01
-3.02
88.01
1.97 111.16
7.67 126.22 126.30
5.59
88.71
4.91 112.47 15.57 125.07 126.78 10.16
89.73
6.05 119.09 16.03 130.56 132.72
9.41
90.54
5.41 110.91
3.91 120.77 122.50
-1.42
90.91
1.54 114.24
3.76 123.85 125.66
2.19
90.41
1.02 112.56
8.87 122.42 124.50
7.77
89.74
2.41 109.29
-0.25 120.27 121.79
-2.59
89.28
3.23 122.54 12.16 135.31 137.25
8.65
89.68
2.74 118.45
4.41 129.95 132.08
1.62
89.89
1.84 114.57
7.10 125.70 127.46
5.17
88.39
-0.62 110.05
1.24 122.07 124.51
1.87
89.26
0.27 106.02
5.39 116.39 118.78
5.11
88.91
1.02 119.69
7.67 131.54 134.62
6.59
89.30
0.67 123.65
9.94 135.06 138.47
9.22

Export prices
Imports
Index Y/Y (%)
100.23
-1.49 128.94
100.66
-2.23 115.17
99.94
-3.61 124.31
98.65
-4.37 124.46
98.37
-2.66 120.27
98.59
-0.43 115.79
98.56
-0.50 123.29
98.33
-1.70 118.06
98.75
-1.71 117.66
98.59
-1.74 129.52
98.39
-1.22 123.24
98.62
-0.87 126.52
98.04
-2.18 128.06
97.99
-2.66 120.22
97.71
-2.23 129.78
97.54
-1.13 130.63

Volume index
Index Y/Y (%)
99.93 16.71
105.51
5.59
106.07
0.54
110.65
4.32

Import prices
Index Y/Y (%)
100.07
5.31
117.49 11.60
115.92
-0.73
110.50
-7.34

Volume index
Index Y/Y (%)
114.41
7.42
101.85
-5.70
109.48
2.97
111.92
9.40
109.71
3.46
106.34
3.02
113.73
5.76
108.55
3.89
106.92
1.39
117.29 10.46
112.33
3.59
115.32
6.39
115.45
0.91
109.51
7.52
118.09
7.86
119.59
6.85

Import prices
Index Y/Y (%)
112.70
-3.38
113.08
-3.99
113.55
-5.49
111.20
-8.84
109.63
-8.25
108.89
-5.51
108.41
-2.03
108.76
-2.70
110.04
-4.06
110.43
-4.83
109.71
-3.85
109.71
-2.68
110.92
-1.58
109.78
-2.92
109.90
-3.21
109.23
-1.77