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.

South Korea's total Exports in 2024 were valued at US$683.13 Billion, according to the United Nations COMTRADE database on international trade. South Korea's main export partners were: China, the United States and Vietnam. The top three export commodities were: Electrical, electronic equipment; Vehicles other than railway, tramway and Machinery, nuclear reactors, boilers. Total Imports were valued at US$631.73 Billion. In 2024, South Korea had a trade surplus of US$51.40 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 total Imports in 2024 were valued at US$631.73 Billion, according to the United Nations COMTRADE database on international trade. South Korea's main import partners were: China, the United States and Japan. The top three import commodities were: Mineral fuels, oils, distillation products; Electrical, electronic equipment and Machinery, nuclear reactors, boilers. Total Exports were valued at US$683.13 Billion. In 2024, South Korea had a trade surplus of US$51.40 Billion.

Hong Kong SAR (China) HK: Trade Balance: Services: USD: South Korea data was reported at 149.900 USD mn in 2021. This records an increase from the previous number of -65.200 USD mn for 2020. Hong Kong SAR (China) HK: Trade Balance: Services: USD: South Korea data is updated yearly, averaging 726.100 USD mn from Dec 2005 (Median) to 2021, with 17 observations. The data reached an all-time high of 1.340 USD bn in 2012 and a record low of -65.200 USD mn in 2020. Hong Kong SAR (China) HK: Trade Balance: Services: USD: South Korea data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: Non OECD Member: Annual.

This statistic shows the trade balance of goods of Saudi Arabia from 2014 to 2024. In 2024, 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.

China's total Imports in 2024 were valued at US$2.59 Trillion, according to the United Nations COMTRADE database on international trade. China's main import partners were: South Korea, the United States and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Ores slag and ash. Total Exports were valued at US$3.58 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

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.

Macau MO: Trade Balance: Advanced Economies: Korea data was reported at -241.244 USD mn in 2017. This records a decrease from the previous number of -182.153 USD mn for 2016. Macau MO: Trade Balance: Advanced Economies: Korea data is updated yearly, averaging -46.684 USD mn from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of -0.018 USD mn in 1977 and a record low of -263.191 USD mn in 2013. Macau MO: 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 Macau – Table MO.IMF.DOT: Trade Balance: by Country: Annual.

Macau MO: Trade Balance: Advanced Economies: Korea data was reported at -19.203 USD mn in May 2018. This records an increase from the previous number of -21.790 USD mn for Apr 2018. Macau MO: Trade Balance: Advanced Economies: Korea data is updated monthly, averaging -4.562 USD mn from Jan 1978 (Median) to May 2018, with 480 observations. The data reached an all-time high of 0.166 USD mn in Feb 1997 and a record low of -28.096 USD mn in Sep 2017. Macau MO: 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 Macau – Table MO.IMF.DOT: Trade Balance: by Country: Monthly.

Time series data for the data Current Account and Its Components - Current USD, TTM for the country China. The Current Account and Its Components The current account is a component of a country's balance of payments that records the transactions of goods, services, income, and current transfers between residents of the country and the rest of the world. It consists of four main components:

a. Trade in Goods Balance

b. Trade in Services Balance

c. Primary Income Balance

d. Secondary Income Balance

1. Trade in Goods Balance Definition: This includes the export and import of physical items such as machinery, food, clothing, etc.

Credit Example: A German car manufacturer exports cars to the United States (value of exported cars).

Debit Example: A German electronics retailer imports smartphones from South Korea (value of imported smartphones).

1. Trade in Services Balance Definition: This includes the export and import of services such as tourism, financial services, consulting, transportation, etc.

Credit Example: A German IT company provides software development services to a client in Japan (value of exported services).

Debit Example: A German tourist books a hotel room in France (value of imported tourism services).

1. Primary Income Balance Definition: This includes earnings from the provision of factors of production such as labor, financial assets, land, and natural resources. It covers income from interest, profits, and dividends.

Credit Example: A German investor receives dividends from shares held in a U.S. company (value of received dividends).

Debit Example: Foreign investors receive interest payments on bonds issued by a German company (value of interest payments).

1. Secondary Income Balance Definition: This includes current transfers such as foreign aid, remittances, and other one-way payments that do not involve an exchange of goods or services.

Credit Example: Remittances sent by German residents working abroad to their families in Germany (value of received remittances).

Debit Example: Germany sends humanitarian aid to a developing country (value of sent aid). Secondary Income Balance (USD)The indicator "Secondary Income Balance (USD)" stands at 14.19 Billion United States Dollars as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.6144 Billion United States Dollars compared to the value the year prior.The 1 year change is 0.6144 Billion United States Dollars.The 3 year change is -2.95 Billion United States Dollars.The 5 year change is 5.75 Billion United States Dollars.The 10 year change is 17.47 Billion United States Dollars.The Serie's long term average value is 13.68 Billion United States Dollars. It's latest available value, on 3/31/2025, is 0.52 Billion United States Dollars higher, compared to it's long term average value.The Serie's change in United States Dollars from it's minimum value, on 9/30/2017, to it's latest available value, on 3/31/2025, is +27.83 Billion.The Serie's change in United States Dollars from it's maximum value, on 9/30/2008, to it's latest available value, on 3/31/2025, is -29.66 Billion.Trade in Services Balance (USD)The indicator "Trade in Services Balance (USD)" stands at -227.06 Billion United States Dollars as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.3885 Billion United States Dollars compared to the value the year prior.The 1 year change is -0.3885 Billion United States Dollars.The 3 year change is -141.70 Billion United States Dollars.The 5 year change is 23.05 Billion United States Dollars.The 10 year change is -17.70 Billion United States Dollars.The Serie's long term average value is -103.37 Billion United States Dollars. It's latest available value, on 3/31/2025, is -123.69 Billion United States Dollars lower, compared to it's long term average value.The Serie's change in United States Dollars from it's minimum value, on 12/31/2018, to it's latest available value, on 3/31/2025, is +65.52 Billion.The Serie's change in United States Dollars from it's maximum value, on 9/30/2007, to it's latest available value, on 3/31/2025, is -234.92 Billion.Trade in Goods Balance (USD)The indicator "Trade in Goods Balance (USD)" stands at 885.97 Billion United States Dollars as of 3/31/2025, the highest value at least since 6/30/2001, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 288.50 Billion United States Dollars compared to the value the year prior.The 1 year change is 288.50 Billion United States Dollars.The 3 year change is 301.62 Billion United States Dollars.The 5 year change is 553.89 Billion United States Dollars.The 10 year change is 376.42 Billion United States Dollars.The Serie's long term average value is 339.77 Billion United States Dollars. It's latest available value, on ...

Macau MO: Trade Balance: Advanced Economies: Korea data was reported at -66.635 USD mn in Mar 2018. This records a decrease from the previous number of -61.349 USD mn for Dec 2017. Macau MO: Trade Balance: Advanced Economies: Korea data is updated quarterly, averaging -12.663 USD mn from Mar 1978 (Median) to Mar 2018, with 160 observations. The data reached an all-time high of -0.005 USD mn in Mar 1978 and a record low of -71.272 USD mn in Dec 2013. Macau MO: 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 Macau – Table MO.IMF.DOT: Trade Balance: by Country: Quarterly.

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.

Hong Kong HK: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at 0.021 USD mn in May 2018. This records a decrease from the previous number of 0.039 USD mn for Apr 2018. Hong Kong HK: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated monthly, averaging 0.597 USD mn from Apr 1964 (Median) to May 2018, with 629 observations. The data reached an all-time high of 17.100 USD mn in Jun 1989 and a record low of -3.020 USD mn in Jun 2015. Hong Kong HK: 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 Hong Kong – Table HK.IMF.DOT: Trade Balance: by Country: Monthly.

North Korea KP: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data was reported at -2.356 USD mn in 2017. This records an increase from the previous number of -5.834 USD mn for 2016. North Korea KP: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data is updated yearly, averaging -26.184 USD mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 5.699 USD mn in 2015 and a record low of -112.530 USD mn in 1989. North Korea KP: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s North Korea – Table KP.IMF.DOT: Trade Balance: by Country: Annual.

North Korea KP: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data was reported at 0.001 USD mn in 2017. This records an increase from the previous number of -0.024 USD mn for 2016. North Korea KP: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data is updated yearly, averaging 0.029 USD mn from Dec 1981 (Median) to 2017, with 35 observations. The data reached an all-time high of 25.067 USD mn in 1999 and a record low of -0.262 USD mn in 2002. North Korea KP: 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 North Korea – Table KP.IMF.DOT: Trade Balance: by Country: Annual.

Qatar's total Exports in 2024 were valued at US$95.04 Billion, according to the United Nations COMTRADE database on international trade. Qatar's main export partners were: China, South Korea and India. The top three export commodities were: Mineral fuels, oils, distillation products; Plastics and Aluminum. Total Imports were valued at US$35.80 Billion. In 2024, Qatar had a trade surplus of US$59.24 Billion.

Qatar's total Exports in 2023 were valued at US$97.75 Billion, according to the United Nations COMTRADE database on international trade. Qatar's main export partners were: China, South Korea and India. The top three export commodities were: Mineral fuels, oils, distillation products; Plastics and Fertilizers. Total Imports were valued at US$31.43 Billion. In 2023, Qatar had a trade surplus of US$66.32 Billion.