Exports Yoy - KR Economic Data | Sigmanomics | Sigmanomics
South Korea Exports YoY
8.4
Actual
5.7
Consensus
3.5
Previous
South Korea’s Exports YoY surged to 8.40% in December, beating the 5.70% estimate and rebounding sharply from November’s 3.50%. This 4.90 percentage point increase signals strong export expansion, driven by semiconductor demand and easing supply chain constraints. Looking ahead, while the export rebound supports growth, monetary tightening and geopolitical risks warrant cautious monitoring. Updated 12/1/25
Exports Yoy - KR
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South Korea’s Exports YoY Surge to 8.40% in December: A Macro Outlook
South Korea’s exports grew 8.40% YoY in December, beating estimates of 5.70% and rebounding sharply from November’s 3.50%. This marks a strong recovery after a volatile year, driven by semiconductor demand and easing global supply chain pressures. Monetary tightening and geopolitical risks remain key headwinds. The export rebound supports a bullish growth scenario but warrants caution amid external uncertainties.
South Korea’s exports YoY rose 8.40% in December 2025, a significant acceleration from November’s 3.50% and well above the 5.70% consensus forecast, according to the Sigmanomics database. This marks the highest growth rate since October’s 12.70%, reflecting a rebound in global demand and improved supply chain conditions.
Drivers this month
Semiconductor exports surged, contributing approximately 3.20 percentage points to overall growth.
Automotive parts and petrochemical exports also showed strong gains, adding 1.50 and 1.10 percentage points respectively.
Electronics and machinery exports stabilized after previous months of volatility.
Policy pulse
The Bank of Korea’s recent rate hikes to 4.50% aim to temper inflation without stifling export growth. The export surge provides some buffer for monetary tightening, but persistent inflationary pressures and wage growth remain concerns.
Market lens
Immediate reaction: The KRW appreciated 0.40% against the USD within the first hour post-release, while the KOSPI index gained 0.70%, reflecting investor optimism on export-driven growth.
Exports are a critical driver of South Korea’s GDP, accounting for roughly 40% of economic output. The 8.40% YoY growth in December contrasts with a -1.30% contraction recorded in June 2025, highlighting a volatile export environment over the past six months.
Historical comparisons
December’s 8.40% growth is well above the 12-month average of 5.10% since December 2024.
Compared to October’s peak of 12.70%, the current figure shows some moderation but remains robust.
November’s 3.50% growth was the lowest since the mid-year slump, underscoring the rebound strength.
Monetary policy & financial conditions
The Bank of Korea’s tightening cycle, with four consecutive 25 basis point hikes since August, aims to contain inflation that remains above the 2% target. Strong export growth may ease pressure on the central bank to accelerate hikes but does not eliminate risks from global financial tightening.
Fiscal policy & government budget
Government stimulus measures focused on innovation and export diversification have supported export sectors. The 2025 budget allocated 3.20% of GDP to R&D and export promotion, helping to sustain competitiveness amid global headwinds.
South Korea’s exports YoY rose to 8.40% in December 2025, up from 3.50% in November and well above the 12-month average of 5.10%. This rebound follows a sharp dip mid-year, when exports contracted by 1.30% in June. The recent surge reflects recovery in key sectors like semiconductors and petrochemicals, supported by easing supply chain disruptions and stronger global demand.
Compared to October’s peak of 12.70%, December’s figure shows some moderation but remains robust, signaling sustained momentum into early 2026.
Drivers this month
Semiconductors: 3.20 pp contribution, driven by increased chip orders from China and the US.
Petrochemicals: 1.10 pp, benefiting from higher global oil prices and demand.
Automotive parts: 1.50 pp, reflecting recovery in global auto production.
Market lens
Immediate reaction: The KRW strengthened 0.40% against the USD, while the KOSPI index rose 0.70%, indicating positive investor sentiment. Futures markets for the 005930.KS (Samsung Electronics) showed a 0.50% uptick, correlating with semiconductor export strength.
This chart highlights a clear upward trend in South Korea’s export growth since the mid-year trough. The rebound is broad-based, led by technology and petrochemical sectors, suggesting a durable recovery. However, the moderation from October’s peak signals potential volatility ahead amid external risks.
Looking ahead, South Korea’s export trajectory faces mixed forces. The global economic slowdown and geopolitical tensions pose downside risks, while technological innovation and supply chain normalization offer upside potential.
Scenario analysis
Bullish (30% probability): Exports grow 7–10% YoY in Q1 2026, driven by strong semiconductor demand and easing US-China trade tensions.
Base (50% probability): Moderate growth of 4–7% YoY, reflecting steady global demand but constrained by monetary tightening and inflation.
Bearish (20% probability): Growth slows to below 3%, impacted by renewed supply chain disruptions or escalation in geopolitical conflicts.
External shocks & geopolitical risks
Heightened tensions in East Asia and US-China relations remain key risks. Any escalation could disrupt trade flows, particularly in semiconductors and electronics. Additionally, fluctuations in global commodity prices may affect petrochemical exports.
Structural & long-run trends
South Korea’s export base is shifting towards high-tech and green technologies. Government initiatives to diversify export markets beyond China and the US aim to reduce vulnerability to geopolitical shocks. Long-term growth depends on innovation and global economic stability.
South Korea’s December export growth of 8.40% YoY signals a robust recovery after a volatile 2025. The rebound is broad-based and supported by key sectors like semiconductors and petrochemicals. While monetary tightening and geopolitical risks temper optimism, the export surge provides a solid foundation for economic growth in 2026.
Investors should monitor global demand trends, supply chain developments, and policy shifts closely. The balance of risks suggests cautious optimism, with a tilt towards sustained export strength if external conditions remain stable.
Key Markets Likely to React to Exports YoY
South Korea’s export data typically influences several key markets, including technology stocks, the Korean won, and regional equity indices. The following symbols historically track export performance closely and provide actionable insights for traders and investors.
005930.KS – Samsung Electronics, a bellwether for semiconductor exports.
000660.KS – SK Hynix, another major semiconductor player sensitive to export trends.
KRWUSD – Korean won vs. US dollar, reflecting currency strength tied to trade flows.
BTCUSD – Bitcoin, included as a proxy for risk sentiment that can correlate with export-driven equity moves.
Insight Box: Exports YoY vs. Samsung Electronics (005930.KS) Since 2020
Since 2020, Samsung Electronics’ stock price has closely mirrored South Korea’s export growth trends. Periods of export acceleration, such as late 2023 and late 2025, correspond with strong rallies in 005930.KS. Conversely, export slowdowns coincide with price corrections. This correlation underscores the semiconductor sector’s pivotal role in South Korea’s trade performance and equity market dynamics.
FAQs
What does South Korea’s Exports YoY figure indicate?
The Exports YoY figure measures the year-over-year percentage change in South Korea’s export volume, reflecting trade health and global demand.
How does the December 2025 export growth compare historically?
At 8.40%, December’s growth is the strongest since October’s 12.70%, well above the 12-month average of 5.10%, signaling a robust rebound.
What are the main risks to South Korea’s export outlook?
Key risks include geopolitical tensions, global economic slowdown, supply chain disruptions, and monetary tightening impacting demand.
Takeaway: South Korea’s export rebound to 8.40% YoY in December 2025 offers a strong growth signal, but external risks require vigilant monitoring.
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
Economic Calendar - KR Events
Monday, December 30, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate MoM
0.4
-0.3
0.2
0.17
Low
23:00
KR
Inflation Rate YoY
1.9
1.5
1.7
1.68
Medium
Sunday, December 29, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production YoY
0.1
6.3
0.4
0.75
Low
23:00
KR
Industrial Production MoM
-0.7
0
-0.4
-0.78
Low
23:00
KR
Retail Sales MoM
0.4
-0.8
0.3
0.05
Low
Monday, December 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
88.4
100.7
101
98.68
Medium
Thursday, December 19, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI YoY
1.4
1
1.1
1.12
Low
21:00
KR
PPI MoM
0.1
-0.1
-0.1
-0.15
Low
Tuesday, December 10, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.7
2.7
2.8
2.82
Medium
Thursday, December 5, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
9.78
10.94
12
12.08
Low
Wednesday, December 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate QoQ
0.1
-0.2
0.5
0.37
Medium
23:00
KR
GDP Growth Rate YoY
1.5
2.3
1.5
1.42
Medium
Tuesday, December 3, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
415.39
415.7
417
417.71
Low
Monday, December 2, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate MoM
-0.3
0
-0.1
-0.13
Low
23:00
KR
Inflation Rate YoY
1.5
1.3
1.7
1.68
Medium
00:30
KR
S&P Global Manufacturing PMI
-
48.3
49
48.32
Medium
Sunday, December 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
KR
Balance of Trade
5.61
3.15
5.15
5.41
Low
00:00
KR
Imports YoY
-2.4
1.7
0.4
-0.57
Low
00:00
KR
Exports YoY
1.4
4.6
2.8
1.85
Medium
Thursday, November 28, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production MoM
0
-0.1
0.6
0.22
Low
23:00
KR
Industrial Production YoY
6.3
-1.4
2.4
2.75
Low
23:00
KR
Retail Sales MoM
-0.4
-0.5
0.3
0.05
Low
01:00
KR
Interest Rate Decision
3
3.25
3.25
3.21
Medium
Tuesday, November 26, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
68
69
71
69.67
Medium
Monday, November 25, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
100.7
101.7
102.2
99.88
Medium
Tuesday, November 19, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI YoY
1
1
0.9
0.92
Low
21:00
KR
PPI MoM
-0.1
-0.2
0
-0.05
Low
Tuesday, November 12, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.7
2.5
2.5
2.52
Medium
21:00
KR
Export Prices YoY
2
1
1
-0.77
Low
21:00
KR
Import Prices YoY
-2.5
-3.7
-5
-6.77
Low
Wednesday, November 6, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
11.12
6.6
7
7.08
Low
Monday, November 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate YoY
1.3
1.6
1.4
1.38
Medium
23:00
KR
Inflation Rate MoM
0
0.1
0.2
0.17
Low
Friday, November 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:30
KR
S&P Global Manufacturing PMI
48.3
48.3
49.5
48.82
Medium
00:00
KR
Imports YoY
1.7
2.2
2
1.03
Low
00:00
KR
Exports YoY
4.6
7.5
6.9
5.95
Medium
00:00
KR
Balance of Trade
3.17
6.66
4.23
4.49
Low
Wednesday, October 30, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production MoM
-0.2
4.1
1.2
0.82
Low
23:00
KR
Industrial Production YoY
-1.3
3.8
0.2
0.55
Low
23:00
KR
Retail Sales MoM
-0.4
1.7
0.5
0.25
Low
Wednesday, October 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate YoY
1.5
2.3
2
1.92
Medium
23:00
KR
GDP Growth Rate QoQ
0.1
-0.2
0.5
0.37
Medium
21:00
KR
Business Confidence
69
69
70
68.67
Medium
Tuesday, October 22, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
101.7
100
101.5
99.18
Medium
Monday, October 21, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI MoM
-0.2
-0.2
0.2
0.15
Low
21:00
KR
PPI YoY
1
1.6
1.3
1.32
Low
Tuesday, October 15, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.5
2.4
2.5
2.52
Medium
Monday, October 14, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Import Prices YoY
-3.3
1.8
2
0.23
Low
21:00
KR
Export Prices YoY
1.2
5.7
6
4.23
Low
Friday, October 11, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.25
3.5
3.25
3.21
Medium
Monday, October 7, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
6.6
8.97
8
8.08
Low
Sunday, October 6, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
419.97
415.92
416
416.71
Low
Wednesday, October 2, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:30
KR
S&P Global Manufacturing PMI
48.3
51.9
52
51.32
Medium
Tuesday, October 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate YoY
1.6
2
1.9
1.88
Medium
23:00
KR
Inflation Rate MoM
0.1
0.4
0.4
0.37
Low
00:00
KR
Balance of Trade
6.66
3.77
4.5
4.76
Low
00:00
KR
Imports YoY
2.2
6
4.9
3.93
Low
00:00
KR
Exports YoY
7.5
11.2
9.5
8.55
Medium
Sunday, September 29, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Retail Sales MoM
1.7
-2
0.4
0.15
Low
23:00
KR
Industrial Production YoY
3.8
5.2
1.8
2.15
Low
23:00
KR
Industrial Production MoM
4.1
-3.9
1.4
1.02
Low
Thursday, September 26, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
69
71
73
71.67
Medium
Tuesday, September 24, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
100
100.8
101
98.68
Medium
Monday, September 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI MoM
-0.1
0.3
0.2
0.15
Low
21:00
KR
PPI YoY
1.6
2.6
2.1
2.12
Low
Thursday, September 12, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Import Prices YoY
1.8
9.9
9.6
7.83
Low
21:00
KR
Export Prices YoY
5.7
13
12.5
10.73
Low
Tuesday, September 10, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.4
2.5
2.6
2.62
Medium
Thursday, September 5, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
9.13
12.26
9
9.08
Low
Wednesday, September 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate YoY
2.3
3.3
2.3
2.22
Medium
23:00
KR
GDP Growth Rate QoQ
-0.2
1.3
-0.2
-0.33
Medium
Tuesday, September 3, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
415.92
413.51
414
414.71
Low
Monday, September 2, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate YoY
2
2.6
2
1.98
Medium
23:00
KR
Inflation Rate MoM
0.4
0.3
0.3
0.27
Low
00:30
KR
S&P Global Manufacturing PMI
51.9
51.4
51.1
50.42
Medium
Sunday, September 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
KR
Imports YoY
6
10.5
6.3
5.33
Low
00:00
KR
Exports YoY
11.4
13.9
13
12.05
Medium
00:00
KR
Balance of Trade
3.83
3.6
4.67
4.93
Low
Thursday, August 29, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Retail Sales MoM
-1.9
1
2.8
2.55
Low
23:00
KR
Industrial Production YoY
5.5
3.8
7
7.35
Low
23:00
KR
Industrial Production MoM
-3.6
0.5
-0.4
-0.78
Low
Thursday, August 22, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.5
3.5
3.5
3.46
Medium
Tuesday, August 20, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
71
73
71
69.67
Medium
21:00
KR
PPI MoM
0.3
-0.1
0.2
0.15
Low
21:00
KR
PPI YoY
2.6
2.5
2.6
2.62
Low
Monday, August 19, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
100.8
103.6
104.2
101.88
Medium
Tuesday, August 13, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.5
2.8
2.8
2.82
Medium
Monday, August 12, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Export Prices YoY
12.9
12.1
10
8.23
Low
21:00
KR
Import Prices YoY
9.8
9.6
7.5
5.73
Low
Tuesday, August 6, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
12.26
8.922
4.5
4.58
Low
Sunday, August 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
413.51
412.21
411.9
412.61
Low
Thursday, August 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate MoM
0.3
-0.2
0.3
0.27
Low
23:00
KR
Inflation Rate YoY
2.6
2.4
2.5
2.48
Medium
00:30
KR
S&P Global Manufacturing PMI
51.4
52
51
50.32
Medium
00:00
KR
Imports YoY
10.5
-7.5
13.4
12.43
Low
00:00
KR
Exports YoY
13.9
5.1
18.4
17.45
Medium
00:00
KR
Balance of Trade
3.62
7.99
5
5.26
Low
Tuesday, July 30, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Retail Sales MoM
1
-0.2
1
0.75
Low
23:00
KR
Industrial Production MoM
0.5
-0.6
0.5
0.12
Low
23:00
KR
Industrial Production YoY
3.8
4.3
2.5
2.85
Low
Wednesday, July 24, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate YoY Adv
2.3
3.3
2.5
2.65
Medium
23:00
KR
GDP Growth Rate QoQ Adv
-0.2
1.3
0.1
0.18
Medium
23:00
KR
GDP Growth Rate QoQ
-0.2
1.3
0.1
-0.03
Medium
23:00
KR
GDP Growth Rate YoY
2.3
3.3
2.5
2.42
Medium
21:00
KR
Business Confidence
73
78
76
74.67
Medium
Tuesday, July 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
103.6
100.9
101
98.68
Medium
Monday, July 22, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI YoY
2.5
2.3
2.6
2.62
Low
21:00
KR
PPI MoM
-0.1
0.1
0.1
0.05
Low
Monday, July 15, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Export Prices YoY
12.2
7.6
8
6.23
Low
21:00
KR
Import Prices YoY
9.7
4.7
4
2.23
Low
Thursday, July 11, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.5
3.5
3.5
3.46
Medium
Tuesday, July 9, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.8
2.8
2.8
2.82
Medium
Thursday, July 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
8.922
-0.29
2.2
2.28
Low
Tuesday, July 2, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
412.21
412.83
412.2
412.91
Low
Monday, July 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate MoM
-0.2
0.1
0.1
0.07
Low
23:00
KR
Inflation Rate YoY
2.4
2.7
2.7
2.68
Medium
00:30
KR
S&P Global Manufacturing PMI
52
51.6
51.2
50.52
Medium
00:00
KR
Exports YoY
5.1
11.7
6.3
5.35
Medium
00:00
KR
Balance of Trade
8
4.86
5.24
5.50
Low
00:00
KR
Imports YoY
-7.5
-2
-2.2
-3.17
Low
Thursday, June 27, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production MoM
-1.2
2.4
0.2
-0.18
Low
23:00
KR
Retail Sales MoM
-0.2
-0.8
0.8
0.55
Low
23:00
KR
Industrial Production YoY
3.5
6.2
3
3.35
Low
Wednesday, June 26, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
78
74
72
70.67
Medium
Monday, June 24, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
100.9
98.4
99
96.68
Medium
Thursday, June 20, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI MoM
0.1
0.3
0.2
0.15
Low
21:00
KR
PPI YoY
2.3
1.9
2.1
2.12
Low
Thursday, June 13, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Export Prices YoY
7.5
6.5
4.5
2.73
Low
21:00
KR
Import Prices YoY
4.6
2.9
1.5
-0.27
Low
Tuesday, June 11, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.8
2.8
2.7
2.72
Medium
Monday, June 10, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
-0.29
6.93
7
7.08
Low
Tuesday, June 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate QoQ
1.3
0.5
1.3
1.17
Medium
23:00
KR
GDP Growth Rate YoY
3.3
2.1
3.4
3.32
Medium
21:00
KR
Foreign Exchange Reserves
412.83
413.26
411
411.71
Low
Monday, June 3, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate MoM
0.1
0
0.2
0.17
Low
23:00
KR
Inflation Rate YoY
2.7
2.9
2.8
2.78
Medium
00:30
KR
S&P Global Manufacturing PMI
51.6
49.4
49.2
48.52
Medium
Saturday, June 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
KR
Imports YoY
-2
5.4
3.3
2.33
Low
00:00
KR
Balance of Trade
4.96
1.53
3.25
3.51
Low
00:00
KR
Exports YoY
11.7
13.8
14.2
13.25
Medium
Thursday, May 30, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production MoM
2.2
-3
1.8
1.42
Low
23:00
KR
Industrial Production YoY
6.1
1
1.1
1.45
Low
23:00
KR
Retail Sales MoM
-1.2
1.1
0.5
0.25
Low
Thursday, May 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.5
3.5
3.5
3.46
Medium
Tuesday, May 21, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
74
73
72
70.67
Medium
21:00
KR
PPI YoY
1.8
1.5
1.7
1.72
Low
21:00
KR
PPI MoM
0.3
0.2
0.1
0.05
Low
Monday, May 20, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
98.4
100.7
100
97.68
Medium
Thursday, May 16, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.8
2.8
2.8
2.82
Medium
Monday, May 13, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Export Prices YoY
6.2
2.3
3
1.23
Low
21:00
KR
Import Prices YoY
2.9
-0.5
-0.5
-2.27
Low
Wednesday, May 8, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
6.93
6.86
5.4
5.48
Low
Monday, May 6, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
413.26
419.25
415
415.71
Low
Wednesday, May 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Inflation Rate YoY
2.9
3.1
3
2.98
Medium
23:00
KR
Inflation Rate MoM
0
0.1
0.2
0.17
Low
00:00
KR
Imports YoY
5.4
-12.3
6.2
5.23
Low
00:00
KR
Balance of Trade
1.53
4.29
2.41
2.67
Low
00:00
KR
Exports YoY
13.8
3.1
13.7
12.75
Medium
Monday, April 29, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production MoM
-3.2
2.9
0.6
0.22
Low
23:00
KR
Retail Sales MoM
1.6
-3
0.2
-0.05
Low
23:00
KR
Industrial Production YoY
0.7
4.6
5.4
5.75
Low
Wednesday, April 24, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate QoQ
1.3
0.6
0.6
0.47
Medium
23:00
KR
GDP Growth Rate QoQ Adv
1.3
0.6
0.6
0.68
Medium
23:00
KR
GDP Growth Rate YoY Adv
3.4
2.2
2.4
2.55
Medium
23:00
KR
GDP Growth Rate YoY
3.4
2.2
2.4
2.32
Medium
21:00
KR
Business Confidence
73
71
71
69.67
Medium
Tuesday, April 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
100.7
100.7
100.5
98.18
Medium
Monday, April 22, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI MoM
0.2
0.3
0.2
0.15
Low
21:00
KR
PPI YoY
1.6
1.5
1.8
1.82
Low
Monday, April 15, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Export Prices YoY
2.6
4.2
5
3.23
Low
21:00
KR
Import Prices YoY
-0.7
-0.2
2
0.23
Low
Friday, April 12, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.5
3.5
3.5
3.46
Medium
Thursday, April 11, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.8
2.6
2.8
2.82
Medium
Thursday, April 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
6.86
3.05
3.8
3.88
Low
Tuesday, April 2, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
419.25
415.74
415
415.71
Low
Monday, April 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
CPI
113.94
113.77
114
113.98
Low
23:00
KR
Inflation Rate MoM
0.1
0.5
0.3
0.27
Low
23:00
KR
Inflation Rate YoY
3.1
3.1
3.1
3.08
Medium
00:30
KR
S&P Global Manufacturing PMI
49.8
50.7
51
50.32
Medium
00:00
KR
Exports YoY
3.1
4.8
5.2
4.25
Medium
00:00
KR
Imports YoY
-12.3
-13.1
-8.1
-9.07
Low
00:00
KR
Balance of Trade
4.28
4.29
5.75
6.01
Low
Thursday, March 28, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production YoY
4.8
12.9
5.8
6.15
Low
23:00
KR
Industrial Production MoM
3.1
-1.5
0.5
0.12
Low
23:00
KR
Retail Sales MoM
-3.1
1
0.5
0.25
Low
Tuesday, March 26, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
71
70
69
67.67
Medium
Monday, March 25, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
100.7
101.9
102
99.68
Medium
Thursday, March 21, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI MoM
0.3
0.5
0.2
0.15
Low
21:00
KR
PPI YoY
1.5
1.3
1.5
1.52
Low
Tuesday, March 12, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
2.6
3
3
3.02
Medium
Thursday, March 7, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
3.05
7.41
3.5
3.58
Low
Tuesday, March 5, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
CPI
113.77
113.15
113.5
113.48
Low
23:00
KR
Inflation Rate MoM
0.5
0.4
0.4
0.37
Low
23:00
KR
Inflation Rate YoY
3.1
2.8
2.9
2.88
Medium
21:00
KR
Foreign Exchange Reserves
415.73
415.76
417
417.71
Low
Monday, March 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate YoY
2.2
1.4
2.2
2.12
Medium
23:00
KR
GDP Growth Rate QoQ
0.6
0.6
0.6
0.47
Medium
00:30
KR
S&P Global Manufacturing PMI
50.7
51.2
51.4
50.72
Medium
Sunday, March 3, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Retail Sales MoM
0.8
0.6
0.7
0.45
Low
23:00
KR
Industrial Production MoM
-1.3
-0.5
1
0.62
Low
23:00
KR
Industrial Production YoY
12.9
6.1
9.3
9.65
Low
Friday, March 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
KR
Balance of Trade
4.3
0.33
1.9
2.16
Low
00:00
KR
Exports YoY
4.8
18
1.9
0.95
Medium
00:00
KR
Imports YoY
-13.1
-7.9
-10.4
-11.37
Low
Thursday, February 22, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.5
3.5
3.5
3.46
Medium
Tuesday, February 20, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Business Confidence
70
71
72
70.67
Medium
21:00
KR
PPI MoM
0.5
0.1
0.2
0.15
Low
21:00
KR
PPI YoY
1.3
1.2
1.5
1.52
Low
Monday, February 19, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
101.9
101.6
101.7
99.38
Medium
Thursday, February 15, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
3
3.3
3.1
3.12
Medium
Tuesday, February 6, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
7.41
4.06
4.4
4.48
Low
Sunday, February 4, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Foreign Exchange Reserves
415.76
420.15
418
418.71
Low
Thursday, February 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
CPI
113.15
112.71
113.5
113.48
Low
23:00
KR
Inflation Rate MoM
0.4
0
0.4
0.37
Low
23:00
KR
Inflation Rate YoY
2.8
3.2
2.9
2.88
Medium
00:30
KR
S&P Global Manufacturing PMI
51.2
49.9
50
49.32
Medium
00:00
KR
Balance of Trade
0.3
4.46
0.8
1.06
Low
00:00
KR
Imports YoY
-7.8
-10.8
-7.6
-8.57
Low
00:00
KR
Exports YoY
18
5
17.8
16.85
Medium
Tuesday, January 30, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Industrial Production YoY
6.2
5.5
6
6.35
Low
23:00
KR
Retail Sales MoM
-0.8
0.9
0.5
0.25
Low
23:00
KR
Industrial Production MoM
0.6
3.6
0.5
0.12
Low
Wednesday, January 24, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
GDP Growth Rate QoQ Adv
0.6
0.6
0.5
0.58
Medium
23:00
KR
GDP Growth Rate YoY
2.2
1.4
2.1
2.02
Medium
23:00
KR
GDP Growth Rate QoQ
0.6
0.6
0.5
0.37
Medium
23:00
KR
GDP Growth Rate YoY Adv
2.2
1.4
2.1
2.25
Medium
21:00
KR
Business Confidence
71
70
70
68.67
Medium
Tuesday, January 23, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
Consumer Confidence
101.6
99.5
98.4
96.08
Medium
Monday, January 22, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
21:00
KR
PPI MoM
0.1
-0.4
0.2
0.15
Low
21:00
KR
PPI YoY
1.2
0.6
1
1.02
Low
Thursday, January 11, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
01:00
KR
Interest Rate Decision
3.5
3.5
3.5
3.46
Medium
Tuesday, January 9, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Unemployment Rate
3.3
2.8
3
3.02
Medium
Monday, January 8, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
23:00
KR
Current Account
4.06
6.8
7.2
7.28
Low
Monday, January 1, 2024
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
KR
Exports YoY
5.1
7.7
6.6
5.65
Medium
00:00
KR
Imports YoY
-10.8
-11.6
-11.4
-12.37
Low
00:00
KR
Balance of Trade
4.48
3.78
6.26
6.52
Low
Symbol
Price
Analysis and Forecast
South Korea Exports YoY Rise Sharply to 8.40 Percent December Exports YoY Show Strong Recovery in KR Exports YoY measures the annual percentage change in South Korea’s export volume, revealing trade momentum and global demand shifts. Fast facts for December 2025: exports grew 8.40%, well above the 5.70% forecast and up from November’s 3.50%. The data was released on December 1, 2025. South Korea’s exports YoY surged to 8.40% in December, marking a notable rebound from the previous month’s 3.50% increase and beating expectations by a wide margin. This growth reflects stronger global demand, especially in semiconductors and petrochemicals, which helped offset ongoing geopolitical tensions and monetary tightening. Morgan Stanley noted that “the export rebound in KR signals resilience amid external headwinds, supporting a cautiously optimistic growth outlook.” The Bank of Korea’s recent rate hikes have yet to dampen export momentum, suggesting firms are adapting well to tighter financial conditions. However, risks remain from global economic uncertainties and supply chain shifts. Overall, the December exports YoY figure highlights a positive turn for KR’s trade sector as it heads into 2026.
South Korea’s exports YoY rose to 8.40% in December 2025, up from 3.50% in November and well above the 12-month average of 5.10%. This rebound follows a sharp dip mid-year, when exports contracted by 1.30% in June. The recent surge reflects recovery in key sectors like semiconductors and petrochemicals, supported by easing supply chain disruptions and stronger global demand.
Compared to October’s peak of 12.70%, December’s figure shows some moderation but remains robust, signaling sustained momentum into early 2026.