South Korea vs Singapore: External balance on goods and services
External balance on goods and services over time
- South Korea
- Singapore
How they compare
Singapore currently reports 213.75 billion current US$ against 96.70 billion current US$ in South Korea, a difference of 117.05 billion current US$.
That makes Singapore's figure about 2.2 times South Korea's.
The two have swapped places 6 times across 66 shared years of data; in 1960 it was Singapore ahead.
South Korea ranks 6th and Singapore ranks 3rd of 192 countries.
Across the 7 decades both report, South Korea averaged higher in 1 and Singapore in 6.
Head to head by decade
| Decade | South Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -441.77 million current US$ | -103.73 million current US$ | 338.04 million current US$ | Singapore |
| 1970s | -1.59 billion current US$ | -423.64 million current US$ | 1.17 billion current US$ | Singapore |
| 1980s | 1.35 billion current US$ | 541.39 million current US$ | 806.55 million current US$ | South Korea |
| 1990s | 1.80 billion current US$ | 11.22 billion current US$ | 9.43 billion current US$ | Singapore |
| 2000s | 13.13 billion current US$ | 32.74 billion current US$ | 19.61 billion current US$ | Singapore |
| 2010s | 60.97 billion current US$ | 83.92 billion current US$ | 22.95 billion current US$ | Singapore |
| 2020s | 51.67 billion current US$ | 180.38 billion current US$ | 128.70 billion current US$ | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, South Korea or Singapore?
- Singapore, at 213.75 billion current US$ against 96.70 billion current US$ in South Korea as of 2025.
- What is the difference in external balance on goods and services between South Korea and Singapore?
- 117.05 billion current US$, with Singapore ahead.
- How many years of comparable data are there for South Korea and Singapore?
- 66 years are reported by both, from 1960 to 2025.
- How do South Korea and Singapore rank globally for external balance on goods and services?
- South Korea ranks 6th and Singapore ranks 3rd of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current US$). 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 indicator is expressed in United States dollars.