The statistic shows South Korea's trade balance of goods from 2013 to 2023. 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 2023, South Korea's trade deficit amounted to around 10.35 billion U.S. dollars.
South Korea: Trade balance of goods from 2013 to 2023
(in billion U.S. dollars)
This statistic has been calculated by Statista using data from the World Trade Organization. The trade balance is the value of goods exports minus the value of goods imported. A positive value indicates a trade surplus, a negative value a trade deficit.
The values have been rounded to provide a better understanding of the statistic.
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WTO, & Statista. (October 10, 2024). South Korea: Trade balance of goods from 2013 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved March 16, 2025, from https://www.statista.com/statistics/939686/trade-balance-of-south-korea/?__sso_cookie_checker=failed
WTO, und Statista. "South Korea: Trade balance of goods from 2013 to 2023 (in billion U.S. dollars)." Chart. October 10, 2024. Statista. Accessed March 16, 2025. https://www.statista.com/statistics/939686/trade-balance-of-south-korea/?__sso_cookie_checker=failed
WTO, Statista. (2024). South Korea: Trade balance of goods from 2013 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: March 16, 2025. https://www.statista.com/statistics/939686/trade-balance-of-south-korea/?__sso_cookie_checker=failed
WTO, and Statista. "South Korea: Trade Balance of Goods from 2013 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Oct 2024, https://www.statista.com/statistics/939686/trade-balance-of-south-korea/?__sso_cookie_checker=failed
WTO & Statista, South Korea: Trade balance of goods from 2013 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/939686/trade-balance-of-south-korea/?__sso_cookie_checker=failed (last visited March 16, 2025)
South Korea: Trade balance of goods from 2013 to 2023 (in billion U.S. dollars) [Graph], WTO, & Statista, October 10, 2024. [Online]. Available: https://www.statista.com/statistics/939686/trade-balance-of-south-korea/?__sso_cookie_checker=failed
