Iraq vs South Korea: External balance on goods and services
External balance on goods and services over time
- Iraq
- South Korea
How they compare
South Korea currently reports 137.55 trillion current LCU against 8.68 trillion current LCU in Iraq, a difference of 128.87 trillion current LCU.
That makes South Korea's figure about 15.8 times Iraq's.
The two have swapped places 15 times across 55 shared years of data; in 1970 it was Iraq ahead.
Iraq ranks 6th and South Korea ranks 3rd of 192 countries.
Across the 6 decades both report, Iraq averaged higher in 1 and South Korea in 5.
Head to head by decade
| Decade | Iraq | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 969.79 million current LCU | -713.52 billion current LCU | 714.49 billion current LCU | Iraq |
| 1980s | -863.39 million current LCU | 1.22 trillion current LCU | 1.22 trillion current LCU | South Korea |
| 1990s | 1.31 trillion current LCU | 4.90 trillion current LCU | 3.58 trillion current LCU | South Korea |
| 2000s | 7.68 trillion current LCU | 15.23 trillion current LCU | 7.54 trillion current LCU | South Korea |
| 2010s | 22.24 trillion current LCU | 68.43 trillion current LCU | 46.18 trillion current LCU | South Korea |
| 2020s | 32.61 trillion current LCU | 52.86 trillion current LCU | 20.26 trillion current LCU | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Iraq or South Korea?
- South Korea, at 137.55 trillion current LCU against 8.68 trillion current LCU in Iraq as of 2025.
- What is the difference in external balance on goods and services between Iraq and South Korea?
- 128.87 trillion current LCU, with South Korea ahead.
- How many years of comparable data are there for Iraq and South Korea?
- 55 years are reported by both, from 1970 to 2024.
- How do Iraq and South Korea rank globally for external balance on goods and services?
- Iraq ranks 6th and South Korea ranks 3rd of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.