South Korea balance of trade


South Korea balance of trade: 8000 (64.61%)
Last Update: June 30, 2024

South Korea balance of trade closed down 8000 as of June 30, 2024 from 4860 from the previous month and 1256.51 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

DateValues
2024-06-30 8000
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
2022-11-30 -6990
2022-10-31 -6724.49
2022-09-30 -3830.06
2022-08-31 -9392.84
2022-07-31 -5053.86

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South Korea balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradekr.balanceoftrade8000.0486065537UPUP952024-06-30

South Korea balance of trade 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.