South Korea: Trade balance, in dollars

* indicates monthly or quarterly data series
 South Korea

Trade balance, billion USD

 Latest value 8.43
 Year 2023
 Measure billion U.S. dollars
 Data availability 1976 - 2023
 Average 21.35
 Min - Max -21.98 - 105.65
 Source The World Bank
For that indicator, we provide data for South Korea from 1976 to 2023. The average value for South Korea during that period was 21.35 billion U.S. dollars with a minimum of -21.98 billion U.S. dollars in 1996 and a maximum of 105.65 billion U.S. dollars in 2015. The latest value from 2023 is 8.43 billion U.S. dollars. For comparison, the world average in 2023 based on 112 countries is 6.39 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Trade balance, in dollars - Recent values chart

Historical chart
South Korea - Trade balance, in dollars - historical chart - 1976-2023




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 92.30 2021 percent
 Trade openness 96.54 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 48.27 2022 percent
 Exports, billion dollars 753.55 2023 billion U.S. dollars
 Growth of exports 3.43 2022 percent
 Imports, percent of GDP 48.26 2022 percent
 Imports, billion dollars 752.67 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.08 2022 percent
 Foreign Direct Investment, billion dollars 25.04 2022 billion U.S. dollars
 Portfolio investment inflows, equities 11,622.50 2023 million dollars (current)
 Current account, percent of GDP 3.50 2022 percent
 Current account, in dollars 35.49 2023 billion U.S. dollars
 Trade balance, percent of GDP 0.01 2022 percent
 Trade balance, in dollars 8.43 2023 billion U.S. dollars
 Reserves 423.37 2022 billion U.S. dollars
 Remittances, percent of GDP 0.47 2022 percent
 Remittances 7,824.50 2022 million U.S. dollars
 Net errors and omissions -3,137.60 2023 million USD
 Foreign exchange reserves 414.10 9/2023 billion
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