South Korea recorded a trade surplus of 9740 USD Million in November of 2025. This dataset provides the latest reported value for - South Korea Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Exports in South Korea increased to 59800 USD Million in June from 57270 USD Million in May of 2025. This dataset provides the latest reported value for - South Korea Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Actual value and historical data chart for South Korea Trade Percent Of GDP

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.

Case study on COVID-19 can be downloaded from Additional Materials on the right side of this page. Data enables users to track activities of export and import dependent companies. Export contributes approximately 50% of total revenue for listed companies in KOSPI and KOSDAQ. Korea export shows significant correlation to key economic indicators of other nations. Due to high portion of middle product exports - such as semiconductors, automotive parts, steel, and chemicals - S. Korea export data shows especially high correlation to the key economic indicators of most Asia-pacific economies. Supply-chain analysis : In 2018, S. Korea exports of memory IC reached $9.4 billion, with a market share of 57% in the global memory IC market estimated to be around $16.5 billion. The application of memory IC is already predominant in various IT hardware devices, and analysis of Korea's memory IC exports would give insight into the supply and demand dynamics of the global IT hardware value chain.

Trade Balance: swda: EU 27E: South Korea: Mineral Fuels, Lubricants data was reported at -0.078 EUR bn in Feb 2025. This records a decrease from the previous number of -0.042 EUR bn for Jan 2025. Trade Balance: swda: EU 27E: South Korea: Mineral Fuels, Lubricants data is updated monthly, averaging -0.031 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.156 EUR bn in Nov 2014 and a record low of -0.448 EUR bn in Aug 2022. Trade Balance: swda: EU 27E: South Korea: Mineral Fuels, Lubricants data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA044: Eurostat: Trade Statistics: By SITC: European Union: South Korea.

In 2024, South Korea's exports and imports of goods and services as a share of the country's GDP stood at almost **** percent. This was up from about **** percent of GDP in the previous year. After the Korean War (1950-1953), South Korea developed into an export-oriented country, which was, among other things, an important factor for the country's economic growth. South Korea's share of imports and exports in its GDP is relatively high compared to other member countries of the Organization for Economic Cooperation and Development (OECD).

South Korea: Trade balance, billion USD: The latest value from 2024 is 76.43 billion U.S. dollars, an increase from 10.83 billion U.S. dollars in 2023. In comparison, the world average is 4.90 billion U.S. dollars, based on data from 109 countries. Historically, the average for South Korea from 1976 to 2024 is 22.52 billion U.S. dollars. The minimum value, -21.98 billion U.S. dollars, was reached in 1996 while the maximum of 105.65 billion U.S. dollars was recorded in 2015.

Key information about South Korea Total Exports

• South Korea Total Exports recorded 61.0 USD bn in Nov 2025, compared with 59.5 USD bn in the previous month
• South Korea Total Exports data is updated monthly, available from Jan 1966 to Nov 2025, with an averaged value of 11.8 USD bn
• The data reached an all-time high of 65.9 USD bn in Sep 2025 and a record low of 14.8 USD mn in Jan 1966

• In the latest reports, South Korea Total Exports grew 8.4 % YoY in Nov 2025
• Total Imports recorded 51.3 USD bn in Nov 2025, which registered an increase of 1.2 % year on year
• South Korea Trade Balance recorded a surplus of 9.7 USD bn in Nov 2025

South Korea Exports: Europe: EU (28) data was reported at 6,768,024.000 USD th in Mar 2025. This records an increase from the previous number of 5,686,513.000 USD th for Feb 2025. South Korea Exports: Europe: EU (28) data is updated monthly, averaging 4,219,918.000 USD th from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 6,944,221.000 USD th in Mar 2022 and a record low of 1,587,088.000 USD th in Jul 2001. South Korea Exports: Europe: EU (28) data remains active status in CEIC and is reported by Korea Customs Service. The data is categorized under Global Database’s South Korea – Table KR.JA007: Trade Statistics: Export: Value: by Country. Figures represent the trade statistics of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom, regardless of their entry or exit dates in the European Union.

Japan Exports to South Korea was US$46.38 Billion during 2024, according to the United Nations COMTRADE database on international trade. Japan Exports to South Korea - data, historical chart and statistics - was last updated on December of 2025.

Actual value and historical data chart for South Korea Trade In Services Percent Of GDP

Historical dataset showing South Korea trade balance by year from 1960 to 2023.

The statistic shows South Korea's trade balance of goods from 2014 to 2024. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2024, South Korea's trade deficit amounted to around ***** billion U.S. dollars.

Global trade data of South korea under 7318151100, 7318151100 global trade data, trade data of South korea from 80+ Countries.

South Korea: Trade freedom index (0-100): The latest value from 2025 is 73 points, unchanged from 73 points in 2024. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for South Korea from 1995 to 2025 is 72 points. The minimum value, 65 points, was reached in 2006 while the maximum of 80 points was recorded in 2017.

Imports: EU 27E: South Korea: Animals & Vegetable Oils, Fats & Waxes data was reported at 0.004 EUR bn in Feb 2025. This records a decrease from the previous number of 0.005 EUR bn for Jan 2025. Imports: EU 27E: South Korea: Animals & Vegetable Oils, Fats & Waxes data is updated monthly, averaging 0.000 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.005 EUR bn in Jan 2025 and a record low of 0.000 EUR bn in Nov 2015. Imports: EU 27E: South Korea: Animals & Vegetable Oils, Fats & Waxes data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA044: Eurostat: Trade Statistics: By SITC: European Union: South Korea.

United States Imports from South Korea was US$135.46 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from South Korea - data, historical chart and statistics - was last updated on December of 2025.

Indonesia Exports to South Korea was US$10.77 Billion during 2024, according to the United Nations COMTRADE database on international trade. Indonesia Exports to South Korea - data, historical chart and statistics - was last updated on December of 2025.