Korea, Rep.'s net trade in goods (current US$, BoP) was US$138.07 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 14.8% from US$120.28 billion in 2015 (1.39% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$138.07 billion | 2025 |
| Five years earlier | US$82.07 billion | 2020 |
| Ten years earlier | US$120.28 billion | 2015 |
| Highest | US$138.07 billion | 2025 |
| Lowest | −US$17.35 billion | 1996 |
| Average since 2016 | US$89.36 billion | 2016–2025 |
| First recorded | −US$590 million |
What the numbers say
In 2025, Korea, Rep.'s net trade in goods (current US$, BoP) rose US$27.16 billion on 2024 (from US$110.91 billion to US$138.07 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +US$3.83 billion and a typical year strayed about US$24.49 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$66.28 billion in 2024 and the biggest yearly fall was US$61.32 billion in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Korea, Rep. had the 5th highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Korea, Rep. in the 2025 ranking
- Ireland — 2nd of 136: US$221.97 billion
- Germany — 3rd of 136: US$208.96 billion
- Singapore — 4th of 136: US$176.2 billion
- Russian Federation — 6th of 136: US$113.17 billion
- Switzerland — 7th of 136: US$109.21 billion
- Netherlands — 8th of 136: US$89.51 billion
What this measures
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 50 values
| Year | Net trade in goods (current US$, BoP) |
|---|---|
| 2025 | 138,073,200,000 |
| 2024 | 110,910,000,000 |
| 2023 | 44,630,500,000 |
| 2022 | 18,334,700,000 |
| 2021 | 79,659,100,000 |
| 2020 | 82,065,400,000 |
| 2019 | 79,812,100,000 |
| 2018 | 110,086,800,000 |
| 2017 | 113,592,900,000 |
| 2016 | 116,461,700,000 |
Net trade in goods (current US$, BoP) in nearby economies
- Australia — US$29.07 billion (2025)
- Brunei Darussalam — US$4.01 billion (2025)
- Cambodia — −US$5.57 billion (2025)
- China — US$1.06 trillion (2025)
- Fiji — −US$1.73 billion (2024)
- French Polynesia — −US$1.31 billion (2016)
- Hong Kong SAR, China — −US$9.39 billion (2025)
- Indonesia — US$49.85 billion (2025)
- Japan — −US$3.74 billion (2025)
- Kiribati — −US$253.24 million (2025)
More economic policy & debt data for Korea, Rep.
- Total reserves, including gold (current US$) — US$436.57 billion (2025)
- Total reserves, excluding gold (current US$) — US$421.91 billion (2025)
- General government final consumption expenditure (current US$) — US$330.43 billion (2025)
- General government final consumption expenditure (current LCU) — 470.02 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$332.28 billion (2025)
- General government final consumption expenditure (constant LCU) — 411.92 trillion (2025)
- General government final consumption expenditure (% of GDP) — 17.65% (2025)
- Households and NPISHs final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Korea, Rep.'s net trade in goods (current US$, BoP)?
- US$138.07 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 23,502% from −US$590 million in 1976. The highest value was US$138.07 billion in 2025 and the lowest −US$17.35 billion in 1996.
- How does Korea, Rep. rank?
- 5th highest of 136 economies with data for 2025.
- Is the latest change in net trade in goods (current US$, BoP) unusual for Korea, Rep.?
- In 2025, Korea, Rep.'s net trade in goods (current US$, BoP) rose US$27.16 billion on 2024 (from US$110.91 billion to US$138.07 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +US$3.83 billion and a typical year strayed about US$24.49 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in