South Korea vs Singapore: Net trade in goods and services
Net trade in goods and services over time
- South Korea
- Singapore
How they compare
Singapore currently reports 213.75 billion BoP, current US$ against 103.55 billion BoP, current US$ in South Korea, a difference of 110.20 billion BoP, current US$.
That makes Singapore's figure about 2.1 times South Korea's.
The two have swapped places 9 times across 50 shared years of data; in 1976 it was South Korea ahead.
South Korea ranks 6th and Singapore ranks 3rd of 199 countries.
Across the 6 decades both report, South Korea averaged higher in 1 and Singapore in 5.
Head to head by decade
| Decade | South Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -1.10 billion BoP, current US$ | -422.66 million BoP, current US$ | 675.84 million BoP, current US$ | Singapore |
| 1980s | 1.71 billion BoP, current US$ | 72.70 million BoP, current US$ | 1.63 billion BoP, current US$ | South Korea |
| 1990s | 1.32 billion BoP, current US$ | 10.54 billion BoP, current US$ | 9.22 billion BoP, current US$ | Singapore |
| 2000s | 18.02 billion BoP, current US$ | 32.74 billion BoP, current US$ | 14.72 billion BoP, current US$ | Singapore |
| 2010s | 66.55 billion BoP, current US$ | 83.92 billion BoP, current US$ | 17.37 billion BoP, current US$ | Singapore |
| 2020s | 57.52 billion BoP, current US$ | 180.38 billion BoP, current US$ | 122.86 billion BoP, current US$ | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net trade in goods and services, South Korea or Singapore?
- Singapore, at 213.75 billion BoP, current US$ against 103.55 billion BoP, current US$ in South Korea as of 2025.
- What is the difference in net trade in goods and services between South Korea and Singapore?
- 110.20 billion BoP, current US$, with Singapore ahead.
- How many years of comparable data are there for South Korea and Singapore?
- 50 years are reported by both, from 1976 to 2025.
- How do South Korea and Singapore rank globally for net trade in goods and services?
- South Korea ranks 6th and Singapore ranks 3rd of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net trade in goods and services (BoP, current US$). 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.