South Korea balance of trade
South Korea balance of trade: 1627.16 (-55.99%)
Last Update: October 31, 2023
Last Update: October 31, 2023
South Korea balance of trade closed down 1627.16 as of October 31, 2023 from 3696.83 from the previous month and -6724.49 from last year.
South Korea balance of trade Analytics & Data
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South Korea balance of trade
| Date | Values |
|---|---|
| 2023-10-31 | 1627.16 |
| 2023-09-30 | 3696.83 |
| 2023-08-31 | 1045.16 |
| 2023-07-31 | 1819.61 |
| 2023-06-30 | 1158.22 |
| 2023-05-31 | -2208.37 |
| 2023-04-30 | -2746.82 |
| 2023-03-31 | -4630 |
| 2023-02-28 | -5270 |
| 2023-01-31 | -12650 |
| 2022-12-31 | -4690 |
| 2022-11-30 | -6990 |
| 2022-10-31 | -6724.49 |
| 2022-09-30 | -3830.06 |
| 2022-08-31 | -9392.84 |
| 2022-07-31 | -5053.86 |
| 2022-06-30 | -2497.01 |
| 2022-05-31 | -1610 |
| 2022-04-30 | -2480 |
| 2022-03-31 | 210 |
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South Korea balance of trade Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | kr.balanceoftrade | 1627.16 | 3696.83 | -56 | -123 | UP | UP | 30 | 2023-11-30 |
South Korea balance of trade Factors
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What is the South Korea balance of trade
South Korea Balance of Trade: Current Data, Historical Trends, Signals, Analytics, and ChartsWelcome to our webpage dedicated to providing comprehensive information about South Korea's balance of trade. Here, you will find up-to-date data, historical trends, analytical insights, and interactive charts that shed light on this vital economic indicator.
What is South Korea Balance of Trade?
South Korea's balance of trade measures the difference between the value of its exports and imports during a particular period. This indicator reflects the country's performance in international trade and provides insights into its export competitiveness, import reliance, and overall economic health.
Interpreting South Korea Balance of Trade:
A positive balance of trade, also known as a trade surplus, occurs when a country exports more goods and services than it imports. This situation indicates that South Korea is earning more foreign exchange, which can stimulate economic growth and strengthen its economy over time.
On the other hand, a negative balance of trade, known as a trade deficit, arises when a country imports more than it exports. While occasional trade deficits are common, sustained deficits can impact domestic industries and hinder economic development.
Analyzing Current Data and Historical Trends:
Our webpage provides users with comprehensive, real-time data on South Korea's balance of trade. You can explore the latest trade figures, observe monthly or yearly trends, and analyze historical data to gain meaningful insights into the country's trade patterns.
To assist with interpretation, we offer a range of interactive charts that illustrate the fluctuations and long-term trends in South Korea's balance of trade. These charts can help users identify patterns, understand key factors driving trade imbalances, and form data-driven conclusions.
MacroVar Signals, Trends, and Analysis:
To provide users with a deeper understanding of South Korea's balance of trade, our webpage incorporates MacroVar signals and trends. These advanced analytics leverage cutting-edge technology and statistical modeling to identify significant shifts, turning points, and potential future directions in the trade balance.
MacroVar also conducts comprehensive analysis, utilizing multiple data sources, to help users contextualize the balance of trade within broader economic indicators, international relations, and global market dynamics.
Export Historical Data for Further Analysis:
In addition to real-time and historical data, our webpage allows users to download historical datasets for free. By exporting this data, users can conduct their own research, perform detailed analysis, and create customized visualizations to suit their specific requirements.
Harness the Power of South Korea's Balance of Trade:
We invite you to utilize our webpage as a valuable resource for understanding South Korea's balance of trade. Whether you are an economist, researcher, investor, or simply curious about international trade dynamics, our platform equips you with the tools and insights necessary to stay informed and make data-driven decisions.
South Korea Financial Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| KOSPI | KOSPI | 2343.12 | -0.5 | -1 | -1.89265 | 40.9394 | 0.01806 | 0.01916 | -0.02601 | 0.04159 |
| South Korea ETF | EWY | 56.25 | -1 | -1 | -2.00251 | 41.5579 | 0.02366 | -0.00248 | -0.02597 | 0.0857 |
| Korean Won US Dollar (KRW/USD) | KRWUSD | 1334.34 | -1 | 0.75 | 0.75369 | 41.5042 | -0.01074 | -0.01421 | -0.00891 | 0.0135 |
| South Korea 5-Year Bond Yield | KR.5Y | 3.719 | -1 | 1 | 0.97655 | 42.5779 | -0.00668 | -0.03201 | -0.00295 | 0.06531 |
| South Korea 2-year bond yield | KR.2Y | 3.76 | 1 | 1 | 1.11385 | 54.38 | -0.87 | 0.83 | 0.7 | -0.4 |
| South Korea Yield Curve | KR.YC | 0.266 | -0.5 | 1 | 1.90389 | 49.4473 | -0.10135 | -0.32143 | -0.07958 | -10.8518 |
| South Korea Credit Default Swaps | CDS.South Korea | 25.75 | -1 | -1 | -2.0582 | 14.4424 | -0.0283 | -0.14167 | -0.19531 | -0.39412 |
| Export-Import Bank of Korea Credit Default Swaps | CDS.Export-Import-Bank-of-Korea | 39 | -0.5 | -0.75 | -1.11528 | 43.6042 | 0.01299 | 0.00645 | -0.025 | -0.25 |
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | kr.balanceoftrade | 1627.16 | 3696.83 | -56 | -123 | UP | UP | 30 | 2023-11-30 |
| bank lending rate | kr.banks.lendingrate | 5.17 | 5.12 | 1 | 33 | UP | UP | 78 | 2023-06-30 |
| business confidence | kr.bizconfidence | 69 | 68 | 1 | -3 | UP | Down | 58 | 2023-12-31 |
| capacity utilization | kr.caputilization | 101.8 | 100 | 2 | -4 | UP | Down | 10 | 2023-06-30 |
| capital flows | kr.capitalflows | 4547.8 | 5782.5 | -21 | -21 | UP | Down | 50 | 2023-09-30 |
| car registrations | kr.carregistrations | 118059 | 123764 | -5 | -1 | Down | Down | 52 | 2023-10-31 |
| central bank balance sheet | kr.cb.assets | 535848 | 537454 | -0 | -8 | Down | Down | 5 | 2023-09-30 |
| consumer confidence | kr.consconfidence | 97.2 | 98.1 | -1 | 12 | UP | UP | 82 | 2023-11-30 |
| consumer price index cpi | kr.cpi | 113.37 | 112.99 | 0 | 4 | UP | UP | 88 | 2023-10-31 |
| core inflation rate | kr.coreinflationrate | 4.32 | 4.61 | -6 | 54 | UP | UP | 68 | 2022-10-31 |
| current account | kr.currentaccount | 5420.7 | 4984.6 | 9 | 233 | UP | UP | 92 | 2023-10-31 |
| current account to gdp | kr.currentaccountgdp | 3.2 | 4.9 | -35 | 23 | Down | UP | 0 | 2022-01-31 |
| deposit interest rate | kr.depositrate | 3.61 | 3.52 | 3 | 60 | Down | UP | 70 | 2023-05-31 |
| exports | kr.exports | 55083.3 | 54668.9 | 1 | 6 | UP | UP | 65 | 2023-11-30 |
| external debt | kr.externaldebt | 649322 | 665050 | -2 | 27 | UP | UP | 68 | 2023-09-30 |
| fiscal expenditure | kr.fiscalexp | 446732 | 407276 | 10 | -13 | UP | Down | 10 | 2023-09-30 |
| foreign direct investment | kr.fdi | 6854930 | 11458900 | -40 | 31 | Down | UP | 54 | 2023-09-30 |
| foreign exchange reserves | kr.fxreserves | 412874 | 414118 | -0 | -1 | Down | Down | 31 | 2023-11-30 |
| gdp | kr.gdp | 1665.25 | 1798.53 | -7 | 46 | UP | UP | 0 | 2022-12-31 |
| Real GDP | kr.realgdp | 500210 | 497214 | 1 | 8 | UP | UP | 27 | 2023-12-31 |
| gdp growth | kr.gdpgrowth | 0.6 | 0.3 | 100 | 100 | UP | UP | 93 | 2023-09-30 |
| gdp growth annual | kr.gdpgrowthan | 0.9 | 0.9 | 0 | -135 | Down | UP | 10 | 2023-06-30 |
| gold reserves | kr.goldres | 104.45 | 104.45 | 0 | 0 | UP | Down | 25 | 2021-03-31 |
| government budget | kr.govbudget | -7 | -5.2 | 35 | 536 | Down | Down | 0 | 2022-01-31 |
| Government budget | kr.govbudgetvalue | -31155 | -31325 | -1 | -41 | UP | UP | 37 | 2023-09-30 |
| government debt to gdp | kr.govdebtgdp | 49.6 | 46.9 | 6 | 61 | UP | UP | 0 | 2022-01-31 |
| government revenues | kr.govrev | 415578 | 375951 | 11 | -10 | UP | Down | 15 | 2023-09-30 |
| housing index | kr.housingindex | 93.4 | 93.5 | 0 | -7 | Down | Down | 23 | 2023-07-31 |
| imports | kr.imports | 53456.1 | 50972.1 | 5 | -9 | Down | Down | 28 | 2023-11-30 |
| industrial production | kr.indproduction | -0.5 | -8.1 | -94 | -133 | UP | Down | 46 | 2023-08-31 |
| industrial production mom | kr.indproductionmm | 1.8 | 5.5 | -67 | -195 | UP | UP | 23 | 2023-09-30 |
| inflation cpi | kr.inflationcpi | 3.8 | 3.7 | 3 | -33 | Down | Down | 37 | 2023-10-31 |
| interbank rate | kr.interbankrate | 3.67 | 3.67 | 0 | -1 | Down | Down | 32 | 2023-08-15 |
| interest rate | kr.interestrate | 3.5 | 3.5 | 0 | 56 | UP | UP | 67 | 2023-07-13 |
| loans to private sector | kr.loanprivate | 12463900 | 12382400 | 1 | 7 | UP | UP | 28 | 2023-10-31 |
| Manufacturing PMI | kr.manpmi | 49.8 | 49.9 | -0 | 3 | UP | UP | 72 | 2023-10-31 |
| money supply m0 | kr.msm0 | 169976000 | 165501000 | 3 | 2 | UP | UP | 13 | 2023-09-30 |
| money supply m1 | kr.msm1 | 1189110 | 1194410 | -0 | -10 | Down | Down | 16 | 2023-09-30 |
| money supply m2 | kr.msm2 | 3818220 | 3828610 | -0 | 2 | UP | UP | 4 | 2023-09-30 |
| money supply m3 | kr.msm3 | 5176990 | 5189440 | -0 | 2 | UP | UP | 3 | 2023-09-30 |
| Producer Price Index | kr.producerprices | 121.67 | 121.16 | 0 | 1 | UP | UP | 46 | 2023-09-30 |
| PPI Index | kr.producerpricesch | 1 | -0.3 | -433 | -88 | Down | Down | 40 | 2023-08-31 |
| retail sales MoM | kr.retailsales | -0.3 | -3.3 | -91 | -107 | UP | Down | 0 | 2023-08-31 |
| retail sales | kr.retailsalesan | -1.9 | -4.7 | -60 | 111 | Down | Down | 88 | 2023-09-30 |
| unemployment rate | kr.unemploymentrate | 2.5 | 2.6 | -4 | -7 | Down | Down | 49 | 2023-10-31 |
| youth unemployment rate | kr.ytunemploymentrate | 5.3 | 4.5 | 18 | -15 | Down | Down | 32 | 2023-09-30 |