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South Korea Balance of Trade. Statistics and Historical Data

South Korea Trade Balance Data

Indicator Data Period
Balance of Trade -2100 USD Million | -2.1 B USD May/23


Latest data on Balance of Trade (USD Million)

Balance of Trade
                     South Korea - Historical Data (USD Million)

What is trade balance of South Korea?

  • Trade Balance deficit in South Korea increased to 2100 USD Million (2.1 B USD) in May 2023. The maximum value was 13419 USD Million and minimum was -4043 USD Million.
  • Data published Monthly by Ministry of Trade, Industry & Energy.

Historical Data (USD Million) by years

Data
Period
Date
-2100 May/23 01.06.2023
-2620 Apr/23 01.05.2023
-4620 Mar/23 24.03.2023
-5300 Feb/23 01.03.2023
-12690 Jan/23 01.02.2023
-4690 Dec/22 01.01.2023
-6991 Nov/22 01.12.2022
-6696 Oct/22 01.11.2022


Historical Chart by presidents (USD Million)

Balance of Trade in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 5620.1100 6732.0000 13800.0000 3300.0000 19.78%
Park Geun-hye 25.02.2013 - 10.05.2017 1873.3700 12861.5600 12861.5600 813.6200 586.55%
Lee Myung-bak 25.02.2008 - 25.02.2013 -1446.1400 376.1700 6794.2700 -3809.8400 -126.01%
Roh Moo-hyun 25.02.2003 - 25.02.2008 -521.1300 -4043.4600 3837.2000 -4043.4600 675.90%
Kim Dae-jung 25.02.1998 - 25.02.2003 3337.3000 -175.0400 3852.0400 -432.2000 -105.24%
Kim Youngs-am 25.02.1993 - 25.02.1998 -551.7800 1518.0300 2212.2200 -3475.8700 -375.12%
Roh Tae-woo 25.02.1988 - 25.02.1993 500.6400 -971.7300 1525.3400 -1944.3700 -294.10%

Other trade indicators in South Korea

Index Updated Actual Previous
Current Account to GDP 2022 3.2 % 4.9
Weapons Sales 2022 209 M USD 544
Capital Flows Mar/23 -1.414 B USD 1.194
Exports May/23 52.24 B USD 49.6
Foreign Exchange Reserves May/23 420.983 B USD 426.684
Imports May/23 54.343 B USD 52.233
Terms of Trade  Mar/23 84.7 in. pt. 83.5
Tourist Arrivals Feb/23 0.477 Million Persons 0.432

Balance of Trade in other countries

Country Updated Actual Previous
Bangladesh Mar/23 -0.594 B USD -0.902
Jordan Feb/23 -0.698 B USD -1.482
Kyrgyzstan Mar/23 -0.65 B USD -0.622
Mongolia Apr/23 0.598 B USD 0.776
Nepal Mar/23 -0.981 B USD -0.968
Palestine Mar/23 -0.586 B USD -0.497
Tajikistan Dec/22 -0.331 B USD -0.25
Cambodia Jan/23 -0.001 B USD 0
China Apr/23 9.021 B USD 8.819
Georgia Apr/23 -0.592 B USD -0.688
India Apr/23 -0.015 B USD -0.02
Israel Apr/23 -2.048 B USD -2.054
Pakistan May/23 -2.087 B USD -0.857
South Korea May/23 -2.1 B USD -2.65
Taiwan Apr/23 6.708 B USD 4.221
Vietnam May/23 0.002 B USD 0.003
Maldives Mar/23 -0.231 B USD -0.235
Armenia Apr/23 -0.413 B USD -0.485
Hong Kong Apr/23 -4.663 B USD -5.176
Indonesia Apr/23 3.943 B USD 2.828
Japan Apr/23 -3.093 B USD -5.406
Kazakhstan Mar/23 1.317 B USD 1.658
Lebanon Dec/22 -0.979 B USD -1.31
Macau Apr/23 -1.342 B USD -1.448
Malaysia Apr/23 2.79 B USD 5.795
Philippines Mar/23 -4.928 B USD -3.905
Qatar Apr/23 6.044 B USD 5.843
Singapore Apr/23 3.496 B USD 4.603
Sri Lanka Apr/23 -0.583 B USD -0.412
Thailand Apr/23 -1.472 B USD 2.719
Oman Feb/23 2.704 B USD 1.598
Iran 3Q/22 3.813 B USD 0.605
Laos 4Q/22 0.083 B USD 0.174
Azerbaijan 4Q/22 6.181 B USD 8.156
Kuwait 4Q/22 14.943 B USD 19.733
Saudi Arabia 1Q/23 11.81 B USD 11.921
Bahrain 2021 4.904 B USD -0.127
North Korea 2021 -0.126 B USD -0.381
United Arab Emirates 2021 79.047 B USD 62.328
Yemen 2021 -5182907 B USD -4654171
Turkmenistan 2021 5.197 B USD 3.302
Uzbekistan 0Q/23 -1.742 B USD -0.877
Iraq 2022 17.77 B USD 20.412
Syria 2021 0 B USD 0
Afghanistan 2021 -4.458 B USD -5.761
Bhutan 4Q/22 -0.226 B USD -0.156
Brunei Feb/23 0.277 B USD 0.522
Mauritius Mar/23 -0.319 B USD -0.318