South korea trade balance graph. 904 USD bn in the previous month.

South korea trade balance graph 1 billion in May 2023 from USD 1. trade in goods (export and import) with South Korea from 2000 to 2023 (in billion U. Machinery: 12% 3. 25M to $2. 84B from South Korea, resulting in a negative trade balance of $1. Australia Exports to South Korea - data, historical chart and statistics - was last updated on January of 2025. 3%) from $1. South Korea's trade balance with Japan A study of the different economic elements such as growth indexes, the key figures of international trade which provide information about the degree of openness of South Korea to the exterior: imports of goods: 642,572 million USD ; exports of goods: 632,226 million USD ; imports of services: 150,146 million USD ; exports of services: 124,486 million USD ; percentage of imports (32. Taiwan recorded a trade surplus of 6075 USD Million in December of 2024. South Korea has posted a steel trade surplus since Q3 2010. 55B, a 6. South Korea trade to gdp ratio for 2022 was 96. 00 AUD Million in June of 2022 and a record low of -3474. " Chart. South Korea recorded a trade surplus of 6490 USD Million in December of 2024. 22B. 08%) from $940M to $855M, while imports increased by $130M (10. India Exports to South Korea - data, historical chart and statistics - was last updated on January of 2025. 40 points in the fourth quarter of 2023 and a record low of 53. 3% increase from 2019. Central Bank Balance Sheet in South Korea decreased to 539459. 88M. Overview In November 2024, South Korea exported $11. 2024 : U. 75 USD Million in January of 1966. Vietnam recorded a trade surplus of 0. 8%) from $2. Dec 13, 2024 · Variations of this time series in other datasets. Others have argued that the agreement’s impact is disappointing, often pointing to an increase in the U. 6B (10. 4B to $10. 00 USD Million by the end of this quarter, according to Trading Economics global macro models and Jan 26, 2024 · South Korea has had a positive trade balance each month since June 2023, as demand for exports (among others, for the key industries of semiconductors and automobiles) has started increasing after a period of weak global demand and a slow post-COVID recovery in China. 31B, while imports decreased by $-246M (-2. 36 according to the United Nations COMTRADE database on international trade. 37B. South Korea Exports to China was US$155. 7%) from $2. COMEXT is the reference database for international Korea, Rep. 84B, a 1553. South Korea - Trade balance. Balance of Trade in Vietnam averaged 0. 6% year on year, again supported by strong demand for chips, while imports grew 3. 84B. 7 USD bn in Jan 2023. exports to South Korea and imports from South Korea continued to grow for a third year in a row. 1B from South Korea, resulting in a negative trade balance of $4. 17 Billion during 2022, according to the United Nations COMTRADE database on international trade. 78M (-22. 17% increase from 2020. The latest value from 2023 is 8. 87B, a 7. 4B, while imports decreased by $-771M (-12. Jun 1, 2018 · Further information about South Korea Total Exports. dollars) [Graph Jan 1, 2025 · The data reached an all-time high of 20. 4 USD bn in Sep 2017 and a record low of -12. Also, the Australian Government Department of Foreign Affairs and Trade stipulates that the KAFTA is one of three recent Asian FTAs for Australia, the others being Japan and C Jun 26, 2024 · South Korea's trade balance with the EFTA states since Free Trade Agreement (FTA) from 2006 to 2017 (in billion U. 54%, a 16. 76M (-52. 94%, a 8. 2024-12-31 South Korea Exports to United States was US$110. 7 million metric tons in YTD 2018. Current account balance (BoP, current US$) - Korea, Rep. 25B to $1. 86 USD Million from 2001 until 2023, reaching an all time high of 107. Exports rose 6. Productivity in South Korea averaged 89. 4 % year on year; South Korea Trade Balance recorded a surplus of 5. dollars) [Graph], Korea Customs Service, January 16, 2018. Aug 30, 2024 · South Korea's import value from North Korea 2000-2022; South Korea's trade balance with North Korea 2000-2022; 2024). 0 south korea Last Previous Highest Lowest Unit; Balance of Trade 6490. 65 billion U. 6 percent, a decline from 0 percent in 2022. Average exports to GDP ratio for recent 5 years: 47% Average imports to GDP ratio for recent 5 years: 41% Average current account balance to GDP ratio for recent 5 years: 6% Top export partners of South Korea: 1. Balance of Trade 6490. 86% increase from Key information about South Korea Consolidated Fiscal Balance. 84 USD Million in March of 2022 and a record low of 14. 83 USD Million in 2019. 51B, while imports decreased by $-39. Exports to China in South Korea increased to 10520000 USD Thousand in March from 9653373 USD Thousand in February of 2024. 93B to $5. 24B to C$1. Nov 6, 2024 · Graph and download economic data for Balance of Payments: Total Net Current Account for Republic of Korea (KORBCAGDPBP6PT) from 1990 to 2029 about current account, Korea, BOP, and Net. . 70 points in the second quarter of 2024. 1 million metric tons in YTD 2019, a 21 percent decrease from 7. dollars) [Graph]. 88B, a 642. 36-12674. 00 USD Thousand in February of 2016. In the latest reports, South Korea Total Exports grew 1. Table reflects only those months for which there was trade. Nov 1, 2024 · The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. 42B. South Korea trade balance for 2023 was $0. 00: 13419. The minimum value, -3. 44%) from $1. Mar 5, 2021 · South Korea's trade balance with Singapore since Free Trade Agreement (FTA) from 2006 to 2018 (in billion U. Figure 1. 8%, $18. dollars. 65B, a 6. 4%. 5M). Current Account in South Korea averaged 2022. Balance of Trade in Turkey averaged -2064. A positive number indicates that more goods and services were Jul 3, 2024 · In 2023, South Korea experienced a trade deficit amounting to approximately 10. 5M, while imports decreased by $-3. 60 USD Million in 2016 and a record low of -2288. Jun 26, 2024 · This statistic shows the trade balance of South Korea with Chile up to 2017, since the Free Trade Agreement came into force in 2004. South Korea is heavily dependent on international trade with the biggest trading partners including China, the US and Japan. dollars) [Graph], US Census Bureau, January 6, 2025. Between November 2023 and November 2024 the exports of South Korea have increased by $388M (0. [COVID-19-IMPACT] View South Korea's South Korea Trade Balance: First 10 days from Jan 2016 to Dec 2024 in the chart: Dec 31, 2024 · About South Korea Trade Balance. Jan 6, 2025 · Total value of U. 46 USD Million from 1966 until 2024, reaching an all time high of 63786. 00. Exports to China in South Korea averaged 11834271. 98 USD Million in October of 2018 and a record low of -14290. 91: USD Million Merchandise Trade Balance in Korea. 38%) from $3. 62%) from $512M to $561M. S. Trade with South Korea 2021 2 I. Dec 31, 2024 · For the full 2024, South Korea logged a trade surplus of USD 51. trade in goods with South Korea3 In 2022, both U. 81 AUD Million from 1971 until 2024, reaching an all time high of 19862. 5B to $12. In comparison, the world average is 4. South Korea Exports to Japan - data Overview In October 2024, South Korea exported $1. Further information about South Korea Consolidated Fiscal Balance: % of GDP. 3B (8. The trade surplus in semiconductors, which significantly supports South Korea's overall trade surplus, fell by 64% from the previous year. 52 USD Million from 1900 until 2024, reaching an all time high of 12409. Korea Customs Service. 8%) from $7. 12B, a 99. The merchandise trade balance in Korea averaged USD 50. The top three commodity groups exported to East Asia include oilseeds, grains, and meats. 2 USD bn in Oct 2024, a decrease of 3. 8M), and Ethylene Polymers ($23. 1 billion, an increase of 9. 1B to $11. Share Chart. dollars, based on data from 148 countries. 5% ($6. 6 days ago · Graph and download economic data for Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB) from Jan 1992 to Nov 2024 about BOP, balance, headline figure, trade, goods, services, and USA. Retrieved Jun 25, 2024 · This statistic shows the trade balance of South Korea with Canada up to 2017, since the Free Trade Agreement came into force in 2015. 11% increase from 2021. 5M and imported $3. ERDM: UK trade time series (MRET), released on 15 November 2024 . (FTA) from 2015 to 2017 (in million U. Sep 27, 2024 · The statistic shows South Korea's trade balance of goods from 2013 to 2023. China Exports to South Korea was US$148. 42B from United States, resulting in a positive trade balance of $4. Data are in current U. 48B, while imports increased by $274M (7. 3M (-9. License : CC BY-4. Between November 2023 and November 2024 the exports of South Korea's Iron Ore have decreased by $-2. 3B to $11. 29 Billion during 2023, according to the United Nations COMTRADE database on international trade. 14 USD Million in January of 2023. China Exports to South Korea - data, historical chart and statistics - was last updated on January of 2025. 59 percent growth in 2022. License: CC BY-4. 54%) from $600M to $560M. 1%) from $12. 32B. Jan 1, 2025 · Trade Balance reflects the difference between exported and imported goods and services in South Korea for the reported month. South Korea exports for 2020 was $597. 17 percent. 532 USD bn; The data reached an all-time high of 15. This surplus amounted to 6. 7 B USD) in September 2023. 32 USD Million from 1957 until 2024, reaching an all time high of 187. 6M. Skip to main content Trade balance of goods from 2013 to 2023 (in billion U. 12B, while imports increased by $4. EO: Balance of Payments: Current Account: Forecast: OECD Member: Annual. 1% YoY (year-on-year) Total Imports recorded 24. Ireland trade balance for 2023 was $182. 2024-11. 1%, ($14. 72B to $3. Details may not equal totals due to rounding. KR: BOP: Capital Account: Net data remains active status in CEIC and is reported by World Bank. Retrieved South Africa recorded a trade surplus of 34700 ZAR Million in November of 2024. Philippines has been running annual trade deficits due to high imports of raw materials and intermediate goods. 77M, while imports decreased by $-2. 82% decline from 2021. Data published Monthly by Ministry of Trade, Industry & Energy. Canada trade balance for 2023 was $-8. 15 percent growth in 2021 and 2. Turkey recorded a trade deficit of 8824 USD Million in December of 2024. 70 USD Million in June of 2016 and a record low of -4204. 12B and imported $569M from Mexico, resulting in a positive trade balance of $554M. 1B and imported $50. 4 Jan 1, 2025 · The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. Jan 1, 2025 · The data reached an all-time high of 441. 5M (-8. Aug 27, 2024 · Trade balance of the space industry in South Korea from 2013 to 2022 (in billion South Korean won) [Graph], Korea Association for Space Technology Promotion, December 29, 2023. In 2013, the biggest trade deficits were recorded with: Taiwan, Saudi Arabia, Thailand and South Korea while the biggest trade surpluses with: Japan, Hong Kong and the United States. exports totaled $72. U. 19B. 4 USD bn in Nov 2024, compared with a surplus of 2. 98 Billion during 2023, according to the United Nations COMTRADE database on international trade. Between November 2023 and November 2024 the exports of China have decreased by $-320M (-2. 8M (-0. 00%) and Sep 4, 2024 · Lithium-ion battery trade balance South Korea 2014-2023; Trade balance of lithium-ion batteries in South Korea from 2014 to 2023 (in billion U. 00 k. "South Korea's trade balance with the United States from 2000 to 2023 (in billion U. Imports cif: Non-Domestic use data remains active status in CEIC and is reported by Korea Customs Service. Vietnam: 6% Top exports from South Korea: 1. 03B, a 6. 9M (-3. Mar 5, 2021 · South Korea's trade balance with Australia since Free Trade Agreement (FTA) from 2014 to 2017 (in billion U. 72 ZAR Million from 1957 until 2024, reaching an all time high of 52741. Aug 14, 2019 · This chart shows the development of the share of South Korean exports going to Japan and Japanese exports going to South Korea between 1990 and 2018. ERDM: Index of Production time series (DIOP), released on 11 June 2021 South Korea's trade surplus rose to $6. 53B to $1. 7% in 2023. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. 5 USD bn in the previous month. In 2022, the country recorded persistent monthly trade deficits as imports surged more than exports. 99B. businesses. 22B from South Korea, resulting in a negative trade balance of C$676M. 18(2020=100), up 2. 0 Merchandise trade statistics Korea, Rep. Jan 1, 2025 · The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. Nov 30, 2024 · South Korea balance of trade Historical Data The MacroVar database offers free access to historical data for the South Korea balance of trade, dating back to 1950. Between November 2023 and November 2024 the exports of South Korea have decreased by $-85. 37%) from $10. 1M (-12. 38B. 40 points in the third quarter of 2024 from 109. 57B and imported $733M from Singapore, resulting in a positive trade balance of $835M. 49B to $2. Trade in Goods with South Korea In 2021, U. Qatar Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. 9 billion increase; and the trade deficit with South Korea was $29. Exports in South Korea averaged 18041. 2025-01-03; Consumer Price Index in December 2024 The Consumer Price Index in 2024 was 114. (KOR) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2020 Table 1c: EU trade balance of goods with South Korea, 2021 Source: Eurostat (ext_st_eu27_2020sitc) and Comext DS-018995 Source data for tables and graphs •EU - South Korea international trade in goods statistics - graphs and tables Data sources EU data is taken fromEurostat’sCOMEXTdatabase. This page provides - South Korea Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2 USD bn in Mar 2023; View South Korea's Consolidated Fiscal Balance: % of GDP External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). 20%, a 11. South Korea trade to gdp ratio for 2023 was 87. 5%) from $5. Between 2007 and 2021, Mexico sustained a trade Dec 5, 2023 · South Korea, the world’s 13th largest economy and a leader in high-tech industries, offers strong opportunities for U. A negative number indicates that fewer goods and services were exported than imported (a trade deficit). imports from South Korea were $95. South Korea trade balance for 2021 was $64. In Aerospace industry trade balance in South Korea from 2015 to 2022, by Japan Exports to South Korea was US$46. 2B and imported $16. Mar 21, 2024 · Total value of U. 6M to $9. [Online]. Feb 25, 2008 · What is trade balance of South Korea? Trade Balance surplus in South Korea increased to 3700 USD Million (3. 1 billion in the decade to 2022. Balance of Trade in North Korea averaged -1026. 40 KRW Billion in October from 562489. Jun 1, 2018 · South Korea Trade Balance data is updated monthly, available from Jan 1966 to Nov 2024, with an averaged value of 76. Between September 2023 and September 2024 the exports of Canada have decreased by C$-48. 25M (0. 00 QAR Million by the end of this quarter, according to Trading Economics global macro models and Mar 14, 2024 · Shipbuilding industry trade balance South Korea 2000-2023 Trade balance of the shipbuilding industry in South Korea from 2000 to 2023 (in billion U. dollars) [Graph], WTO, & Statista Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Overview In September 2024, Canada exported C$541M and imported C$1. dollars) [Graph], Korea Customs Service, January 19, 2018. 1 billion Overview In November 2024, South Korea exported $702M and imported $561M from Canada, resulting in a positive trade balance of $141M. 25 points from 2000 until 2024, reaching an all time high of 112. source: International Trade Centre Feb 22, 2024 · This graph shows the growth in U. South Korea trade balance for 2020 was $60. China: 26% 2. 82B. Aug 28, 2024 · Aerospace industry trade balance in South Korea from 2015 to 2022, by category (in million U. A positive balance value indicates a trade surplus, while a negative one hints at a trade deficit. Overview In October 2024, South Korea exported $9. 00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and Taiwan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. In the latest reports, South Korea National Government Debt reached 873. 84 billion U. export volume of trade goods to South Korea from 1985 to 2023. South Korea Consolidated Fiscal Balance data is updated monthly, available from Jul 1999 to Oct 2024, with an average External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). 4B from China, resulting in a negative trade balance of $189M. 326 USD bn in Feb 2002. 7B, resulting in a positive trade balance of $5. 5 days ago · East Asia (led by China, Japan, and South Korea) was the largest market, with a collective 31 percent share. 5 billion in December from $5. dollars) [Graph], Korea Customs Service, January 15, 2018. Online Shopping in November 2024 The online shopping transaction value marked 21. 51%) from ¥391B to ¥425B. Overview In November 2024, South Korea exported $5. This was the first time since 1997 that the country has posted a trade deficit for 14 months in a row, as imports fell less than exports, amid weak global demand during the economic Overview In October 2024, South Korea exported $1. Balance of Trade in South Africa averaged 1471. 04%) from $395M to $371M, while imports decreased by $-102M (-16. 32B from Vietnam, resulting in a positive trade balance of $2. 3 percent from th. South Korea Exports to China - data, historical chart and statistics - was last updated on January of 2025. Australia recorded a trade surplus of 5953 AUD Million in October of 2024. Overview In November 2024 South Korea's Iron Ore exports accounted up to $954k and imports accounted up to $526M, resulting in a negative trade balance of $525M. Jan 2, 2025 · South Korea Trade Balance: First 10 days data remains active status in CEIC and is reported by Korea Customs Service. Retrieved Overview In November 2024, China exported $12. 19B and imported $2. Overview In November 2024, South Korea exported $855M and imported $1. 2 days ago · Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 6 billion in November. Between October 2023 and October 2024 the exports of United States have decreased by $-1. exports to South Korea were $65. 50 points in the first quarter of 2000. 3 billion), and U. This page provides - South Korea Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Exports to South Korea was US$20. 18%) from $10. 7 percent, was reached in 2020 while the maximum of 1. 08 USD Thousand from 2014 until 2024, reaching an all time high of 15630000. 959 USD mn in Jan 1988; Korea Customs Service provides monthly Total Exports to China, FOB, in USD. 43 billion U. 99 USD Billion in August of 2020 and a record low of -3. 2M (-2. South Korea trade balance for 2022 was $0. Between October 2023 and October 2024 the exports of India have increased by $118M (27. 56%) from $12. Trade (% of GDP) - Korea, Rep. 35 billion U. 53 billion in the same month a year earlier, compared with market expectations of a USD 2. BOP concepts and definitions are broadly consistent with the recommendations of the IMF BPM6 framework. 6 percent was recorded in 2018. 58M to $3. 8 USD mn. 5M. 2B, while imports increased by $1. Electronics: 27% 2. 21 ZAR Million in March of 2021 and a record low of -36126. 19B, while imports decreased by $-106M (-4. exports to Canada and Mexico has increased and accounted for 28 percent of world exports over the 5 years from 2017–21. 1B from South Korea, resulting in a negative trade balance of $3. 642 USD bn in Mar 2022 and a record low of 18. 2 billion, a 16. 8 billion, a 29. 1B. 6 USD bn in Nov 2024; View South Korea's Total Exports from Jan Mar 29, 2024 · South Korea's Historic Trade Deficit With Mainland China Highlights Reversal In Bilateral Trade Roles. 8 billion) increase from 2020; U. Sep 16, 2024 · Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Korea (XTNTVA01KRQ667S) from Q1 1957 to Q2 2024 about Korea, trade, Net, and goods. Mar 19, 2024 · to South Korea's exports, peaking at 25% in 2021, the sector's share dropped to a five-year low of 20. 7 USD bn in Nov 2024, which registered a decrease of 2. Between October 2023 and October 2024 the exports of Japan have increased by ¥59. 96M to $954k, while imports decreased by $-206M (-28. 9M (-6. Transportation: 12% Jun 26, 2024 · South Korea's trade balance with Turkey since Free Trade Agreement (FTA) from 2013 to 2017 (in billion U. 48B and imported $3. 5M (-18. 73 ZAR Million in April of 2020. South Korea: Main export partners in 2022 [Graph]. 56B to $2. Exports in South Korea increased to a 31-month peak of 61380 USD Million in December from 56350 USD Million in November of 2024. dollars) [Graph], Korea Customs Service, January 18, 2018. 3B. 9B to $10. 4%) from $6. dollars) [Graph External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). 9 Billion during 2023, according to the United Nations COMTRADE database on international trade. Source: own elaboration with data from ADB (2023). 3%, $4. December 19, 2024. 80 billion, recovering from a two-year run of deficits since 2022, when its trade balance fell into the red for the first time in 14 Analysis of U. 3 USD bn in Oct 2024, a decrease of 3. South Korea recorded a Current Account surplus of 9300 USD Million in November of 2024. 3B, while imports decreased by $-640M (-5. 03% decline from 2022. Dec 1, 2017 · According to the Australian Trade and Investment Commission, the agreement was signed on 8 th April, 2014 in Seoul and actually entered into force on 12 th December, 2014. 0 billion, a 24. 83B. A higher than expected reading can affect the South Korean won quotes positively. Balance of Trade in Qatar is expected to be 15750. 2023 North Korea recorded a trade deficit of 1703. 38B from Malaysia, resulting in a negative trade balance of $522M. 2233 trillion won in November. trade in goods with Korea, South . Japan Exports to South Korea - data, historical chart and statistics - was last updated on January of 2025. 81 billion U. 05B (-16. OECD. A positive number indicates that more goods and services were exported than imported (a trade surplus). 7B to $1. Custom. The share of U. 8 billion. from The World Bank: Data U. Jun 26, 2024 · South Korea's trade balance with New Zealand since Free Trade Agreement (FTA) from 2015 to 2017 (in million U. The country has been recording consistent trade surpluses since 2008 with the exception of 2022 when the war in Ukraine increased substantially the bill for imports of oil and food. JA001: Trade Statistics. Total U. The data reached an all-time high of 13. 5 USD bn in Sep 2024; South Korea Nominal GDP reached 429. JA003: Trade Statistics: First 10 Days. 7B to $56. 1% YoY (year-on-year) View Australia's Trade Balance from Jul 1971 to Oct 2024 in the chart: Overview In October 2024, India exported $545M and imported $1. 4B to $1. South Korea Exports to United States - data, historical chart and statistics - was last updated on January of 2025. 4B and imported $5. 00: 5610. South Korea Indicators - was last updated on Saturday, January 11, 2025. Overview In October 2024, Japan exported ¥634B and imported ¥425B from South Korea, resulting in a positive trade balance of ¥209B. 6%) from $110M to $89. 6%) from $4. Overview In October 2024, United States exported $5. 36B to $5. Balance of Trade in Australia averaged 735. The data is categorized under Global Database’s South Korea – Table KR. major trading partner countries for exports were China, United States, Vietnam, Hong Kong, China and Japan and for imports they were China, Japan, United States, Germany and Saudi Arabia. 99B from Japan, resulting in a negative trade balance of $1. Qatar recorded a trade surplus of 15143 QAR Million in October of 2024. International Monetary Fund, Balance of Payments Statistics Yearbook and data files. 1B, while imports decreased by $-1. For more trade information, visit our dedicated page. 84 percent, based on data from 141 countries. Overview In November 2024, South Korea exported $1. 40 KRW Billion in September of 2024. 26%) from $2. 700 USD mn in 1998 and a record low of -112. Oct 24, 2019 · This is particularly examined with the recent US-China’s trade war; even though the tension of North Korea and South Korea may not be the main driving factor behind the initiation of the trade war, the trade war can definitely be evidence of the two separate groups of team North Korea versus team South Korea. IPR protection in South Korea, and improved transparency in South Korea’s regulatory process. If the chart doesn't belong to any Personal Collection, you can Balance of trade (BOT) on goods and services in Japan with South Korea from 2014 to 2023 (in trillion Japanese yen) [Graph], Ministry of Finance Japan, May 10, 2024. dollars) [Graph], US Census Bureau, March 21, 2024. Aug 5, 2020 · South Korea Total Exports to China data is updated monthly, available from Jan 1988 to Nov 2024, with an averaged value of 5. Between November 2023 and November 2024 the exports of South Korea have increased by $227M (4. 68% increase from 2020. 39B. Between November 2023 and November 2024 the exports of South Korea have decreased by $-23. 70 KRW Billion in the second quarter of 2024. Between October 2023 and October 2024 the exports of South Korea have decreased by $-2. Graph that explains the External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). South Korea: Fiscal balance, percent of GDP: The latest value from 2023 is -1. 05 USD Billion from 1990 until 2024, reaching an all time high of 4. 2%) from $732M to $526M. Oct 4, 2023 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 460 USD bn in Oct 2024, compared with a deficit equal to 1. South Korea trade to gdp ratio for 2021 was 80. dollars, an increase from 8. World Bank. Trade balance of South Korea from 1991 to 2023 (in billion U. Indonesia Trade Balance data is updated monthly, available from Jan 1967 to Nov 2024, with an averaged value of 598. 03%) from C$1. 51B and imported $560M from India, resulting in a positive trade balance of $947M. Oct 4, 2023 · In May 2023, the trade balance value of forklifts in South Korea stood at 460 million U. 5%) from $1. 52 USD Billion in December of 2024. 37% increase from 2020. South Korea-Kenya Trade: In 2022, South Korea exported $477M to Kenya. 31B and imported $10. Overview In November 2024, South Korea exported $10. Over the past 5 years the exports of South Korea to Kenya have increased Mar 17, 2023 · increased U. 2M (9. 4B. Steel Imports Report: South Korea Import Volume, Value, and Product The volume of South Korea’s steel imports trended downwards from 2010 to Jun 1, 2018 · Consolidated Fiscal Balance covers Central Government only. exports to South Korea amounted to about 64. Government Spending in South Korea increased to 99327. Trade with South Korea, 2022 3 FOR PUBLIC RELEASE I. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. Between October 2023 and October 2024 the exports of South Korea have decreased by $-22M (-1. 2007–2021 (millions of dollars). Balance of Trade in Taiwan is expected to be 10500. 00 AUD Million in February of 2008. In 2023, U. 39B from Australia, resulting in a negative trade balance of $1. 88M from Egypt, resulting in a positive trade balance of $85. 23%) from $2. South Korea's trade deficit climbed to USD 2. Jun 25, 2024 · South Korea's trade balance with the European Union since Free Trade Agreement (FTA) from 2011 to 2017 (in billion U. 74% decline from 2022. dollars). India Exports to South Korea was US$6. (FTA) from 2004 to 2017 (in billion U. Between November 2023 and November 2024 the exports of South Korea have decreased by $-202M (-14. 82% decline from 2019. 81%) from $1. Dec 19, 2024 · In 2023, the trade balance of South Korea with Japan amounted to a deficit of about 18. 15B and imported $2. Sep 24, 2024 · In 2023, South Korea's trade balance with China amounted to a deficit of about 18. 00 USD Thousand in March of 2022 and a record low of 8643022. 4%) from $801M to $702M, while imports increased by $49. 4%) from ¥574B to ¥634B, while imports increased by ¥33. 5M from Kenya, resulting in a positive trade balance of $7. Feb 9, 2024 · As of December 2023, South Korea had 21 Free Trade Agreements (FTAs) in effect with 59 countries. South Korea exports for 2022 was $808. In particular, Current, capital, and financial accounts of the balance of payments statement are defined according to the guidelines of the BPM6, and the current account balance is equal (with sign reversed) to the net capital and financial account balance. dollars in 2022. Between November 2023 and November 2024 the exports of South Korea have decreased by $-133M (-7. South Korea Consolidated Fiscal Balance registered a surplus equal to 16. Share. Between November 2023 and November 2024 the exports of South Korea have decreased by $-99. Jun 26, 2024 · South Korea's trade balance with India since Comprehensive Economic Partnership Agreement (CEPA) from 2010 to 2017 (in billion U. 51B, a 27. . 89B. South Korea exports for 2021 was $761. 93B. 26B (-2. The maximum value was 13419 USD Million and minimum was -4043 USD Million. 19B to $5. Productivity in South Korea decreased to 107. Japan recorded a trade deficit of 117. Between November 2023 and November 2024 the exports of South Korea have decreased by $-82. Historically, the average for South Korea from 1976 to 2023 is 21. Between November 2023 and November 2024 the exports of South Korea have decreased by $-565M (-5. South Korea Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. Refresh this chart in your browser | Edit the chart in Datastream Indonesia Trade Balance recorded a surplus of 4. 000 USD mn in 2011. Between October 2023 and October 2024 the exports of South Korea have increased by $151M (15. Jun 1, 2018 · Further information about Australia's Trade Balance. trade deficit with South Korea since the agreement took effect, though most economists dispute this argument (see below). External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). 15B, while imports increased by $325M (16. Subscribe to our free email alert service Net trade in goods and services (BoP, current US$) - Korea, Rep. Ireland trade balance for 2022 was $212. Between November 2023 and November 2024 the exports of South Korea have decreased by $-20. Read more tons in Q2 2019. 11%) from $15B to $16. Jul 31, 2023 · Mexico and South Korea trade balance by trading partner. 53 billion gap, a preliminary reading showed. 42%) from $52B to $50. In the latest reports, Australia's Total Exports reached 28. The main products that South Korea exported to Kenya were Refined Petroleum ($177M), Hot-Rolled Iron ($37. In 2022, Kenya did not export any services to South Korea. 51B. 5%) from $973M to $1. 4 % YoY in Nov 2024; Total Imports recorded 50. Overview In November 2024 South Korea exported $56. Overview In November 2024, South Korea exported $371M and imported $511M from Russia, resulting in a negative trade balance of $140M. 75%) from $565M to $569M. However, exiting the pandemic, Korea’s economic growth has been relatively slow, recording 4. 34% increase from 2021. South Korea's trade balance with the ASEAN countries since Free Trade Agreement (FTA) from 2007 to 2017 (in billion U. 28M. 7B. 36B, a 394. Canada trade balance for 2022 was $2. Historically, the average for South Korea from 2013 to 2023 is -0. 77B, a 3. WDI: Balance of Payments: Capital and Financial Account. In 2023, South Korea experienced its first trade deficit with Mainland China in three decades, with the shortfall reaching USD18bn, according to official statistics. 73%) from $11. 22%) from C$590M to C$541M, while imports decreased by C$-25. US: 12% 3. trade in goods (export and import) with South Korea from January 2014 to December 2023 (in billion U. 62 JPY Billion in November of 2024. Dec 16, 2024 · Graph and download economic data for Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Korea (KORB6BLTT02STSAQ) from Q1 1980 to Q3 2024 about current account, BOP, and GDP. 77M and imported $2. 80 USD Million in January of 2023. 5%) from $6. This development represents a significant reversal from the consistent trade South Korea exports for 2023 was $753. 79 Billion during 2022, according to the United Nations COMTRADE database on international trade. 60B, a 31. 64% decline from 2022. 77 USD Million in 2023. dollars) Premium Statistic Trade as share of GDP South Korea 1970-2022 Overview In November 2024, South Korea exported $2. In Statista. 5,586,375. 37 billion U. 7M (-48. The 2022 reading was USD -47. 875 USD bn in Oct 2013 and a record low of 4. In comparison, the world average is -2. 3%) from $12. NOTE: All figures are in millions of U. Overview In November 2024, South Korea exported $89. 07B (7. 92B, a 14. View South Korea's Japan’s trade balance has fluctuated in recent years partly because of disruptions to production and other problems related to the coronavirus pandemic. 7%) from $55. 21B to $1. trade balance, exports and imports by country 2017 In 2017, Korea, Rep. 51% increase from 2022. 8 Billion during 2023, according to the United Nations COMTRADE database on international trade. South Korea - Trade Balance. World Bank national accounts data, and OECD National Accounts data files. 904 USD bn in the previous month. Balance of Trade in Japan is expected to be 100. Japan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. 89 USD Billion in December of 1996. 01M (-67. 6% decline from 2022. imports totaled $115. 7%) from $613M to $511M. Jan 1, 2025 · KR: Balance of Payment: Current Account Balance: as % of GDP: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. 8%) from $426M to $545M, while imports decreased by $-369M (-16. 2M (-6. 1 USD mn. The international trade balance measures the difference between the movement of merchandise trade leaving a country (exports) and entering a country (imports). 42% increase from Feb 21, 2024 · Trade balance South Korea 1991-2023. 04 billion U. 3B and imported $11. dollars) [Graph], Korea Customs Service, March 21, 2019. 99B to $2. 57B, while imports decreased by $-119M (-14%) from $852M to $733M. 80 KRW Billion in the third quarter of 2024 from 98697. 2,413,875. gsm jtdhl kcxc ycvl svbut prh xseq bcc bjnq xapm