South Korea: Trade balance, percent of GDP

(measure: percent; source: The World Bank)

South Korea: Trade balance as percent of GDP

: For that indicator, The World Bank provides data for South Korea from 1960 to 2016. The average value for South Korea during that period was -1.87 percent with a minumum of -12.5 percent in 1968 and a maximum of 10.79 percent in 1998. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The trade balance for South Korea and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).