Net trade in goods and services in South Korea
South Korea: Net trade in goods and services was 103.55 billion BoP, current US$ in 2025. ◆ Volatile
Net trade in goods and services in South Korea, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in South Korea is 103.55 billion BoP, current US$, measured in 2025.
Compared with earlier readings it is up 27.1% on the previous year and down 2.0% over ten years.
Over the whole period, net trade in goods and services in South Korea peaked at 105.65 billion BoP, current US$ in 2015 and was at its lowest, -21.98 billion BoP, current US$, in 1996.
That places South Korea 6th out of 199 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.10 billion BoP, current US$ | -3.51 billion BoP, current US$ | 282.00 million BoP, current US$ | 4 |
| 1980s | 1.71 billion BoP, current US$ | -5.28 billion BoP, current US$ | 12.58 billion BoP, current US$ | 10 |
| 1990s | 1.32 billion BoP, current US$ | -21.98 billion BoP, current US$ | 42.50 billion BoP, current US$ | 10 |
| 2000s | 18.02 billion BoP, current US$ | 5.44 billion BoP, current US$ | 38.72 billion BoP, current US$ | 10 |
| 2010s | 66.55 billion BoP, current US$ | 15.96 billion BoP, current US$ | 105.65 billion BoP, current US$ | 10 |
| 2020s | 57.52 billion BoP, current US$ | 7.58 billion BoP, current US$ | 103.55 billion BoP, current US$ | 6 |
Countries ranked near South Korea
- 3 Singapore 213.75 billion BoP, current US$ compare
- 4 Netherlands 133.83 billion BoP, current US$ compare
- 5 Germany 123.35 billion BoP, current US$ compare
- 7 Switzerland 90.80 billion BoP, current US$ compare
- 8 Spain 73.36 billion BoP, current US$ compare
- 9 Russia 68.53 billion BoP, current US$ compare
More economy & growth data for South Korea
- Gross national expenditure 94.8% (2025)
- Industry (including construction), value added 768.07 trillion constant LCU (2025)
- Final consumption expenditure 65.7% (2025)
- Industry (including construction), value added 0.2% (2025)
- Gross national expenditure 1.78 trillion current US$ (2025)
- Gross national expenditure 2,524.87 trillion current LCU (2025)
- Gross national expenditure 1.78 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 660.05 billion constant 2015 US$ (2025)
- Exports of goods and services 45.8% (2025)
- Industry (including construction), value added 914.33 trillion current LCU (2025)
Frequently asked questions
- What is net trade in goods and services in South Korea?
- Net trade in goods and services in South Korea was 103.55 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in South Korea?
- The highest recorded value was 105.65 billion BoP, current US$ in 2015.
- What is the lowest net trade in goods and services recorded in South Korea?
- The lowest recorded value was -21.98 billion BoP, current US$ in 1996.
- How does South Korea rank for net trade in goods and services?
- South Korea ranks 6th out of 199 countries with data for 2025.
- Is net trade in goods and services rising or falling in South Korea?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.