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South Korea Net trade in goods (BoP, current US$) 2026: Interactive Chart & Historical Data

Net trade in goods (BoP, current US$) in South Korea stood at $138.1 billion in 2025, according to World Bank. The latest value is up 24% from $110.9 billion in 2024. Ten years earlier, in 2015, the value was $120.3 billion (up 15% since). The latest value is the highest since 1976; the lowest was -$17.35 billion in 1996. South Korea ranked 7th highest of the 169 countries in this dataset in 2024; China ranked first.

Data source: World Bank · Unit: USD · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1960–2025
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What is Net trade in goods (BoP, current US$)?

Net trade in goods (BoP, current US$), measured in USD, captures South Korea's cross-border flows of goods and services, revealing the country's competitive position in global markets, trade relationships, and exposure to external economic shocks. Trade data encompasses exports (goods and services sold to other countries), imports (purchases from abroad), and the resulting balance (surplus when exports exceed imports, deficit when the reverse occurs). In South Korea, Net trade in goods (BoP, current US$) reflects comparative advantages — sectors where the country produces efficiently relative to trading partners — as well as exchange rate effects and global demand patterns. Persistent trade deficits may indicate domestic consumption exceeding production, while surpluses suggest strong export competitiveness. Trade relationships also create supply chain dependencies; disruptions in partner countries can affect South Korea's industries that rely on imported components or foreign markets for their products.

Key facts

What is the latest Net trade in goods (BoP, current US$) in South Korea?

Net trade in goods (BoP, current US$) in South Korea stood at $138.1 billion in 2025, according to World Bank.

Is Net trade in goods (BoP, current US$) in South Korea rising or falling?

The latest value is up 24% from $110.9 billion in 2024. Ten years earlier, in 2015, the value was $120.3 billion (up 15% since).

How does South Korea rank for Net trade in goods (BoP, current US$)?

South Korea ranked 7th highest of the 169 countries in this dataset in 2024; China ranked first.

What is the highest Net trade in goods (BoP, current US$) on record in South Korea?

The latest value is the highest since 1976; the lowest was -$17.35 billion in 1996.

Metadata for Net trade in goods (BoP, current US$) in South Korea
IndicatorNet trade in goods (BoP, current US$)
CountrySouth Korea
CategoryMacroeconomics
UnitUSD
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest balance: $138.1 billion (2025)

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Source:World Bank — series BN.GSR.MRCH.CD
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Net trade in goods (BoP, current US$) — South Korea [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-bn-gsr-mrch-cd/KOR. Original source: https://data.worldbank.org/indicator/BN.GSR.MRCH.CD?locations=KR

MLA

World Bank. "Net trade in goods (BoP, current US$) — South Korea." EconDash, 2026, https://econdash.org/chart/wdi-bn-gsr-mrch-cd/KOR. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/BN.GSR.MRCH.CD?locations=KR.

Chicago

World Bank. 2026. "Net trade in goods (BoP, current US$) — South Korea." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-bn-gsr-mrch-cd/KOR. Original source: https://data.worldbank.org/indicator/BN.GSR.MRCH.CD?locations=KR.

BibTeX
@misc{econdash_wdi_bn_gsr_mrch_cd_kor,
  author = {{World Bank}},
  title = {{Net trade in goods (BoP, current US\$) --- South Korea}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-bn-gsr-mrch-cd/KOR},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/BN.GSR.MRCH.CD?locations=KR}
}