External balance on goods and services in Republic of Korea
Republic of Korea: External balance on goods and services was 143.51 trillion constant LCU in 2025. ▲ Rising
External balance on goods and services in Republic of Korea, 2020–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Republic of Korea recorded 143.51 trillion constant LCU for external balance on goods and services in 2025. That is the highest value across all 6 years on record.
That represents a change of up 6.4% on the previous year and up 89.2% over ten years.
Republic of Korea ranks 3rd of 161 countries on this measure, in the top 10%.
External balance on goods and services in Republic of Korea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2020 | 75.86 trillion constant LCU | — |
| 2021 | 87.90 trillion constant LCU | +15.9% |
| 2022 | 89.68 trillion constant LCU | +2.0% |
| 2023 | 95.64 trillion constant LCU | +6.6% |
| 2024 | 134.90 trillion constant LCU | +41.1% |
| 2025 | 143.51 trillion constant LCU | +6.4% |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Net primary income (Net income from abroad) (current LCU), annual 23.99 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -2.41 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0698 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 2,528 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 1.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 99.26 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3.60 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,965 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,435 (2025)
Frequently asked questions
- What is external balance on goods and services in Republic of Korea?
- External balance on goods and services in Republic of Korea was 143.51 trillion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Republic of Korea?
- The highest recorded value was 143.51 trillion constant LCU in 2025.
- What is the lowest external balance on goods and services recorded in Republic of Korea?
- The lowest recorded value was 75.86 trillion constant LCU in 2020.
- How does Republic of Korea rank for external balance on goods and services?
- Republic of Korea ranks 3rd out of 161 countries with data for 2025.
- Is external balance on goods and services rising or falling in Republic of Korea?
- Over the last ten years it is up 89.2%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.