In 2024, South Korea's trade balance with China amounted to a deficit of about **** billion U.S. dollars. The Free Trade Agreement between the two governments came into force in December 2015.

In 2024, South Korea's trade balance with the United States recorded a surplus that amounted to around ***** billion U.S. dollars. South Korea has become one of the United States’ largest trade partners. The Free Trade Agreement between the two governments came into force in March 2012. As of May 2025, South Korea seeks to delay a decision about tariffs until new presidential elections in June 2025. Korea’s export trade with the U.S. In 2024, the United States was the second most important export trade destination after China. In accordance with the high trade surplus recorded by South Korea, the value of goods exports to the U.S. continued to increase every year. Historically, China and the U.S. were the most important export partner for South Korea, with changes only happening due to domestic or bilateral politics. The effect of U.S. president Trump’s increase of tariffs on the economic relations between the two nations remains to be seen. Korea’s imports from the U.S. Despite the trade balance tipping in clear favor of South Korea, the United States was still one of the most important partners for imports. Overall, the value of goods imported into the country has increased, with a quick recovery from occasional decreases. Next to the imports of goods, the United States have become one of the most important suppliers of foreign direct investment (FDI) for South Korea. Despite this importance, the actual investments were notably lower than the pledged amount.

China Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at 203.577 USD mn in May 2018. This records an increase from the previous number of 150.153 USD mn for Apr 2018. China Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated monthly, averaging 27.787 USD mn from Jan 1981 (Median) to May 2018, with 449 observations. The data reached an all-time high of 383.204 USD mn in Dec 2008 and a record low of -57.112 USD mn in Feb 2014. China Trade Balance: Other Countries Not Elsewhere Classified: North Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Monthly.

South Korea's exports fell by 1.3% in May due to global trade tensions, with significant impacts from U.S. and China markets. Despite the decline, the trade balance remained positive with a surplus of $6.94 billion.

Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data was reported at 7.710 USD mn in Mar 2018. This records a decrease from the previous number of 8.977 USD mn for Dec 2017. Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data is updated quarterly, averaging 6.696 USD mn from Mar 1979 (Median) to Mar 2018, with 141 observations. The data reached an all-time high of 136.915 USD mn in Dec 2014 and a record low of -0.500 USD mn in Mar 1979. Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Korea – Table KR.IMF.DOT: Trade Balance: by Country: Quarterly.

Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data was reported at 4.589 USD bn in May 2018. This records an increase from the previous number of 4.326 USD bn for Apr 2018. Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data is updated monthly, averaging 1.412 USD bn from Nov 1963 (Median) to May 2018, with 324 observations. The data reached an all-time high of 5.924 USD bn in Aug 2013 and a record low of -1.639 USD bn in Dec 1991. Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Korea – Table KR.IMF.DOT: Trade Balance: by Country: Monthly.

South Korea's exports fell in May due to U.S. tariffs, despite strong semiconductor demand, impacting trade with the U.S. and China.

KR: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data was reported at 44.172 USD bn in 2017. This records an increase from the previous number of 37.470 USD bn for 2016. KR: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data is updated yearly, averaging 13.830 USD bn from Dec 1949 (Median) to 2017, with 28 observations. The data reached an all-time high of 62.817 USD bn in 2013 and a record low of -2.438 USD bn in 1991. KR: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Korea – Table KR.IMF.DOT: Trade Balance: by Country: Annual.

Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data was reported at 13.342 USD bn in Mar 2018. This records a decrease from the previous number of 14.641 USD bn for Dec 2017. Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data is updated quarterly, averaging 4.070 USD bn from Dec 1963 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 17.296 USD bn in Dec 2013 and a record low of -2.438 USD bn in Dec 1991. Korea Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Korea – Table KR.IMF.DOT: Trade Balance: by Country: Quarterly.

In April 2025, India remained a net importer of rolled steel despite a decline in imports and exports. South Korea increased its exports, while China and Japan reduced theirs. The Indian government imposed a 12% safeguard duty, impacting domestic prices and production.

Japan's total Exports in 2024 were valued at US$707.39 Billion, according to the United Nations COMTRADE database on international trade. Japan's main export partners were: the United States, China and South Korea. The top three export commodities were: Vehicles other than railway, tramway; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$742.67 Billion. In 2024, Japan had a trade deficit of US$35.28 Billion.

This statistic shows the trade balance of goods of Saudi Arabia from 2013 to 2023. In 2023, Saudi Arabia's trade balance surplus amounted to approximately ****** billion years. Saudi Arabia's economic state Saudi Arabia’s positive trade balance dropped during the economic crisis, recovered thereafter, but has faltered somewhat in the past couple of years. This is likely due to a loss in export income associated with falling crude oil prices in the region. This has affected the economy and is expected to increase the country’s national debt. As a major oil producer and exporter, on the one hand Saudi Arabia needs to maintain international relations related to the export of its most precious resource, and on the other hand it needs to preserve stability in the region. For the most part, the country has been able to do so. Due to large oil reserves throughout the region, Saudi Arabia’s most important export partners include China, the United States, Japan, South Korea, India and Singapore. As one of the main oil producers worldwide and ranked among the countries with the largest GDP, Saudi Arabia remains one of the key players in the Muslim and Arab world. It is also home to the birthplace of the Muslim Prophet Mohammed, giving the country a special significance. However, as tension rise with Iran, an uneasy relationship based in religion, politics and history, preserving stability in the region and international relations may become a challenge.

Bhutan's total Imports in 2012 were valued at US$991.70 Million, according to the United Nations COMTRADE database on international trade. Bhutan's main import partners were: India, South Korea and China. The top three import commodities were: Mineral fuels, oils, distillation products; Iron and steel and Machinery, nuclear reactors, boilers. Total Exports were valued at US$531.23 Million. In 2012, Bhutan had a trade deficit of US$460.48 Million.

Macau MO: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at -0.001 USD mn in 2017. This records a decrease from the previous number of 0.022 USD mn for 2016. Macau MO: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated yearly, averaging -0.034 USD mn from Dec 1974 (Median) to 2017, with 39 observations. The data reached an all-time high of 0.246 USD mn in 2002 and a record low of -27.608 USD mn in 1999. Macau MO: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Macau – Table MO.IMF.DOT: Trade Balance: by Country: Annual.

China Trade Balance: Advanced Economies: Korea data was reported at -22.414 USD bn in Mar 2018. This records an increase from the previous number of -22.645 USD bn for Dec 2017. China Trade Balance: Advanced Economies: Korea data is updated quarterly, averaging -6.728 USD bn from Mar 1990 (Median) to Mar 2018, with 113 observations. The data reached an all-time high of 327.074 USD mn in Jun 1991 and a record low of -26.856 USD bn in Sep 2014. China Trade Balance: Advanced Economies: Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Quarterly.

China held the largest fine and specialty chemicals trade surplus in the world in 2023, signifying its status as a leading global exporter of these products, with a surplus of **** billion euros. Conversely, Mexico and South Korea exhibited the most significant negative balances, with deficits amounting to **** billion euros and *** billion euros respectively, reflecting their reliance on imports to meet domestic demand.

Western Europe, U.S.A., British India, China, Taiwan, Korea, Overall Index

China Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at 345.572 USD mn in Mar 2018. This records a decrease from the previous number of 544.114 USD mn for Dec 2017. China Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated quarterly, averaging 87.615 USD mn from Mar 1981 (Median) to Mar 2018, with 149 observations. The data reached an all-time high of 578.029 USD mn in Dec 2008 and a record low of -25.400 USD mn in Dec 1984. China Trade Balance: Other Countries Not Elsewhere Classified: North Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Quarterly.

China Trade Balance: Advanced Economies: Korea data was reported at -8.192 USD bn in May 2018. This records a decrease from the previous number of -6.096 USD bn for Apr 2018. China Trade Balance: Advanced Economies: Korea data is updated monthly, averaging -2.669 USD bn from Feb 1990 (Median) to May 2018, with 334 observations. The data reached an all-time high of 139.967 USD mn in Dec 1991 and a record low of -12.419 USD bn in Sep 2014. China Trade Balance: Advanced Economies: Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Monthly.

China Trade Balance: Advanced Economies: Korea data was reported at -74.520 USD bn in 2017. This records a decrease from the previous number of -63.372 USD bn for 2016. China Trade Balance: Advanced Economies: Korea data is updated yearly, averaging -28.706 USD bn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1.113 USD bn in 1991 and a record low of -91.707 USD bn in 2013. China Trade Balance: Advanced Economies: Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Annual.