Goods balance (credit less debit), Net (credits less debits) (US) in South Korea
South Korea: Goods balance (credit less debit), Net (credits less debits) (US) was 100.13 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in South Korea, 2005–2024
Source: International Monetary Fund.
Analysis
South Korea recorded 100.13 billion for goods balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 165.9% on the previous year and up 16.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in South Korea peaked at 120.28 billion in 2015 and was at its lowest, 11.75 billion, in 2008.
That places South Korea 7th out of 198 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 32.49 billion | — |
| 2006 | 24.51 billion | -24.6% |
| 2007 | 32.44 billion | +32.3% |
| 2008 | 11.75 billion | -63.8% |
| 2009 | 48.06 billion | +309.1% |
| 2010 | 47.93 billion | -0.3% |
| 2011 | 28.01 billion | -41.6% |
| 2012 | 48.59 billion | +73.4% |
| 2013 | 80.26 billion | +65.2% |
| 2014 | 86.14 billion | +7.3% |
| 2015 | 120.28 billion | +39.6% |
| 2016 | 116.46 billion | -3.2% |
| 2017 | 113.59 billion | -2.5% |
| 2018 | 110.09 billion | -3.1% |
| 2019 | 79.81 billion | -27.5% |
| 2020 | 80.60 billion | +1.0% |
| 2021 | 75.73 billion | -6.0% |
| 2022 | 15.62 billion | -79.4% |
| 2023 | 37.66 billion | +141.1% |
| 2024 | 100.13 billion | +165.9% |
South Korea compared with similar countries
- South Korea's 100.13 billion is above the median for high income countries, which is -810.36 million. (72 countries reporting)
- South Korea's 100.13 billion is above the median for East Asia & Pacific, which is -98.47 million. (33 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Net (credits less debits) (US) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +309.1% | 11.75 billion | 48.06 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.85 billion | 11.75 billion | 48.06 billion | 5 |
| 2010s | 83.12 billion | 28.01 billion | 120.28 billion | 10 |
| 2020s | 61.95 billion | 15.62 billion | 100.13 billion | 5 |
Countries ranked near South Korea
- 4 Singapore 148.13 billion compare
- 5 Russia 132.09 billion compare
- 6 Switzerland 130.84 billion compare
- 8 Taiwan 99.42 billion compare
- 9 Saudi Arabia 89.72 billion compare
- 10 Netherlands 87.60 billion compare
More financial sector data for South Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in South Korea?
- Goods balance (credit less debit), net (credits less debits) in South Korea was 100.13 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in South Korea?
- The highest recorded value was 120.28 billion in 2015.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in South Korea?
- The lowest recorded value was 11.75 billion in 2008.
- How does South Korea rank for goods balance (credit less debit), net (credits less debits)?
- South Korea ranks 7th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in South Korea?
- Over the last ten years it is up 16.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.