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Korea - Trade Balance 1994

External balance on goods and services · World Bank
$-3.5B −$4.7B from 1993 Global rank: 11th

Korea's trade balance was $-3.5B in 1994, decreased +$4.7B from $1.2B in 1993. This was the 11th highest globally.

Global Ranking - 1994▾
Trade Balance by Country - 1994
RankCountryValueYoY
1st United States $-92.5B -41.9%
2nd Mexico $-20.2B -28.3%
3rd Argentina $-7.9B -39.0%
4th Greece $-7.4B 14.2%
5th Thailand $-7.0B -31.9%
6th Portugal $-6.9B -4.0%
7th Israel $-6.9B -10.2%
8th Spain $-5.3B 33.2%
9th Lebanon $-5.2B -13.6%
10th Colombia $-4.8B -25.3%
11th Korea $-3.5B -390.5%
12th Austria $-3.4B -429.4%
13th Philippines $-3.2B 11.9%
14th Egypt, Arab Republic of $-2.8B -43.7%
15th Hungary $-2.4B 15.3%
16th Kazakhstan $-2.1B -3.2%
17th Morocco $-1.9B -10.2%
18th Belarus $-1.9B 25.2%
19th Ukraine $-1.7B -709.9%
20th Australia $-1.7B -66.1%
21st Bangladesh $-1.6B 2.7%
22nd West Bank and Gaza $-1.6B -
23rd Viet Nam $-1.5B -33.1%
24th Peru $-1.5B -12.7%
25th Algeria $-1.5B -121.5%
26th Pakistan $-1.4B 54.6%
27th Jordan $-1.4B 15.6%
28th Sri Lanka $-1.4B -40.2%
29th Georgia $-1.3B -92.3%
30th Syrian Arab Republic $-1.2B 30.1%
31st Malaysia $-1.2B -1,687.2%
32nd El Salvador $-1.2B -19.0%
33rd Mozambique $-1.1B 0.2%
34th Panama $-1.1B -6.3%
35th Tanzania $-1.0B 18.0%
36th India $-988.3M -2,194.4%
37th Guatemala $-951.8M 0.3%
38th Bosnia and Herzegovina $-891.0M -
39th French Polynesia $-741.3M 1.5%
40th Ecuador $-730.8M -24.5%
41st Dominican Republic $-694.3M -1.6%
42nd Sudan $-669.0M -150.6%
43rd Costa Rica $-653.3M 6.1%
44th Ghana $-626.5M 35.0%
45th Romania $-620.8M 52.6%
46th Senegal $-619.0M 28.0%
47th Albania $-548.0M 4.8%
48th Czechia $-543.9M -218.3%
49th Nepal $-506.1M -33.9%
50th Nicaragua $-494.5M -2.6%
51st Tunisia $-459.6M 58.2%
52nd New Caledonia $-451.7M 6.7%
53rd Armenia $-444.2M -173.2%
54th Rwanda $-440.8M -45.9%
55th Uganda $-413.3M 9.1%
56th Estonia $-410.2M -163.9%
57th Haiti $-396.5M 22.0%
58th Cuba $-368.8M 34.8%
59th Mali $-362.3M 10.9%
60th Cambodia $-359.7M 14.5%
61st North Macedonia $-345.7M -70.6%
62nd Honduras $-334.3M -8.9%
63rd Bolivia, Plurinational State of $-331.0M 38.0%
64th Mauritius $-310.9M -57.8%
65th Malta $-293.2M -16.6%
66th Eritrea $-291.6M -52.2%
67th Congo, Republic of $-277.8M -190.0%
68th Lao PDR $-229.0M -77.7%
69th Chad $-221.5M 5.4%
70th Burkina Faso $-205.2M 45.3%
71st Cabo Verde $-168.6M -1.8%
72nd Tajikistan $-155.9M 27.7%
73rd Seychelles $-153.2M 17.1%
74th Solomon Islands $-151.3M -15.4%
75th Niger $-142.7M -9.2%
76th Zimbabwe $-132.3M -16.5%
77th Madagascar $-124.0M 41.9%
78th Benin $-123.8M 47.9%
79th Paraguay $-113.2M -125.0%
80th Guinea-Bissau $-109.4M 25.5%
81st Uruguay $-107.5M -65.5%
82nd Kyrgyz Republic $-106.1M 31.5%
83rd Guinea $-105.2M -105.0%
84th Mongolia $-91.6M -7.6%
85th Togo $-82.2M 39.2%
86th Bahamas, The $-76.9M -533.6%
87th Azerbaijan $-70.5M 75.8%
88th Guyana $-65.8M 13.4%
89th Bulgaria $-60.7M 92.7%
90th Comoros $-56.9M 26.4%
91st Tonga $-56.0M -46.3%
92nd Gambia, The $-55.5M 10.8%
93rd Namibia $-47.0M 49.9%
94th Kiribati $-34.5M 11.2%
95th Cyprus $-29.5M -3.2%
96th Zambia $-27.4M -
97th Bhutan $-26.8M 9.0%
98th Vanuatu $-18.3M -5.5%
99th Central African Republic $-13.8M 81.4%
100th Turkmenistan $-8.9M -101.2%
101st Iraq $-1.1M 72.0%
102nd Belize $16.6M 79.1%
103rd Sierra Leone $35.2M 206.7%
104th Faroe Islands $86.5M -23.7%
105th Brunei Darussalam $109.3M -11.2%
106th Mauritania $130.6M 52.1%
107th Congo, Democratic Republic of $159.1M -
108th Slovenia $188.7M 421.6%
109th Kenya $201.2M -29.3%
110th Libya $262.7M 125.9%
111th Iceland $317.7M 69.4%
112th Botswana $317.9M -4.3%
113th Bahrain $401.3M 145.4%
114th Slovak Republic $478.4M 140.2%
115th Cameroon $534.2M -50.1%
116th Papua New Guinea $757.5M -3.0%
117th Qatar $818.7M -
118th Côte d'Ivoire $932.6M 138.8%
119th Chile $975.5M 207.1%
120th Gabon $981.7M 57.4%
121st Macao SAR, China $1.1B 4.9%
122nd Türkiye $1.3B 112.5%
123rd New Zealand $1.5B -11.2%
124th Hong Kong SAR, China $1.6B -80.6%
125th Brazil $1.8B -64.4%
126th Oman $1.9B 25.7%
127th Indonesia $2.0B -57.0%
128th Kuwait $2.1B 153.8%
129th Germany $2.6B 1,325.0%
130th Yemen, Republic of $3.0B 174.7%
131st South Africa $3.0B -49.9%
132nd United Kingdom $3.1B 443.6%
133rd Luxembourg $3.3B 25.9%
134th Puerto Rico (US) $5.1B 49.7%
135th Ireland $5.4B 1.4%
136th Finland $5.8B 42.1%
137th Canada $6.8B 3,310.9%
138th China $7.4B 162.4%
139th Norway $7.4B 0.6%
140th Sweden $8.4B 33.0%
141st Belgium $8.9B 23.1%
142nd Denmark $9.2B -14.2%
143rd Saudi Arabia $10.7B 797.1%
144th Iran, Islamic Republic of $10.7B 252.9%
145th Singapore $11.9B 98.9%
146th Switzerland $12.0B 11.2%
147th Russian Federation $18.0B -46.3%
148th France $24.2B -3.3%
149th Netherlands $27.8B 11.3%
150th Italy $36.1B 11.6%
151st Japan $93.4B -2.1%
Source: World Bank (NE.RSB.GNFS.CD)

FAQ

What was Korea's trade balance in 1994?▾

Korea's trade balance in 1994 was $-3.5B. This ranked 11th globally.

How did Korea's trade balance change in 1994?▾

Korea's trade balance decreased by 390.5% in 1994 compared to 1993.

Which country had the highest trade balance in 1994?▾

Japan had the highest trade balance in 1994 at $93.4B.

What is the trade balance of Korea in 1994?▾

The trade balance of Korea in 1994 was $-3.5B. This ranked 11th globally.

How does 1994 compare to 1993 for Korea's trade balance?▾

Korea's trade balance went from $1.2B in 1993 to $-3.5B in 1994, a 390.5% decrease.

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1993 1995 All years Full ranking 1994 Exports Imports Current Account Balance FDI Inflows FDI Outflows Peak: 2015 Lowest: 1996 Trade Balance 1990s Trade Balance 2000s Trade Balance 2010s Trade Balance 2020s Highest ever Lowest ever Average vs Saudi Arabia vs Czechia vs Slovenia vs Japan G20 Trade Balance OECD Trade Balance Global Ranking