South Korea balance of trade


South Korea balance of trade: 5610 (78.1%)
Last Update: November 30, 2024

South Korea balance of trade closed down 5610 as of November 30, 2024 from 3150 from the previous month and 3563.29 from last year.


South Korea balance of trade Analytics & Data




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South Korea balance of trade closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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South Korea balance of trade

Date Values
2024-11-30 5610
2024-10-31 3150
2024-09-30 6660
2024-08-31 3770
2024-07-31 3620
2024-06-30 7990
2024-05-31 4860
2024-04-30 1530
2024-03-31 4290
2024-02-29 4290.22
2024-01-31 398.08
2023-12-31 4450.34
2023-11-30 3563.28
2023-10-31 1563.16
2023-09-30 3682.71
2023-08-31 1031.71
2023-07-31 1778.14
2023-06-30 1256.51
2023-05-31 -2231.45
2023-04-30 -2518.78
2023-03-31 -4750.91
2023-02-28 -5383.8
2023-01-31 -12674.91
2022-12-31 -4774.4

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South Korea balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade kr.balanceoftrade 5610.0 3150 78 57 UP UP 78 2024-11-30

South Korea balance of trade Quantitative Analysis, Charts & Factors

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South Korea balance of trade Historical Data

The MacroVar database offers free access to historical data for the South Korea balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Korea balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea balance of trade

South Korea's balance of trade refers to the difference between the value of exports and imports of goods and services in the country. A positive balance of trade occurs when the value of exports exceeds the value of imports, leading to a trade surplus. Conversely, a negative balance of trade occurs when the value of imports exceeds the value of exports, resulting in a trade deficit. South Korea has historically maintained a trade surplus due to its strong export-oriented economy, with key industries such as electronics, automobiles, and shipbuilding contributing significantly to its export earnings. This surplus has helped fuel economic growth and development in the country, but fluctuations in global demand and trade tensions can impact South Korea's balance of trade.

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