Trade balance in low carbon technology products, US dollar in South Korea
South Korea: Trade balance in low carbon technology products, US dollar was 21.28 billion in 2024. ◆ Volatile
Trade balance in low carbon technology products, US dollar in South Korea, 1994–2024
Source: International Monetary Fund.
Analysis
In 2024, trade balance in low carbon technology products, us dollar in South Korea stood at 21.28 billion.
Compared with earlier readings it is up 47.1% on the previous year and down 21.2% over ten years.
Over the whole period, trade balance in low carbon technology products, us dollar in South Korea peaked at 30.18 billion in 2012 and was at its lowest, -8.45 billion, in 1996.
That places South Korea 4th out of 187 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Trade balance in low carbon technology products, US dollar in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | -5.35 billion | — |
| 1995 | -7.52 billion | +40.6% |
| 1996 | -8.45 billion | +12.3% |
| 1997 | -5.67 billion | -32.8% |
| 1998 | -1.01 billion | -82.2% |
| 1999 | -1.68 billion | +66.1% |
| 2000 | -5.44 billion | +224.5% |
| 2001 | -3.32 billion | -39.0% |
| 2002 | -4.38 billion | +32.0% |
| 2003 | -5.75 billion | +31.3% |
| 2004 | -5.00 billion | -13.0% |
| 2005 | 802.51 million | -116.1% |
| 2006 | 7.15 billion | +791.1% |
| 2007 | 15.29 billion | +113.9% |
| 2008 | 18.60 billion | +21.6% |
| 2009 | 19.96 billion | +7.3% |
| 2010 | 28.65 billion | +43.5% |
| 2011 | 28.62 billion | -0.1% |
| 2012 | 30.18 billion | +5.4% |
| 2013 | 24.96 billion | -17.3% |
| 2014 | 27.02 billion | +8.3% |
| 2015 | 24.45 billion | -9.5% |
| 2016 | 22.99 billion | -6.0% |
| 2017 | 25.41 billion | +10.5% |
| 2018 | 23.80 billion | -6.4% |
| 2019 | 21.20 billion | -10.9% |
| 2020 | 16.20 billion | -23.6% |
| 2021 | 14.06 billion | -13.2% |
| 2022 | 11.04 billion | -21.5% |
| 2023 | 14.47 billion | +31.1% |
| 2024 | 21.28 billion | +47.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -4.95 billion | -8.45 billion | -1.01 billion | 6 |
| 2000s | 3.79 billion | -5.75 billion | 19.96 billion | 10 |
| 2010s | 25.73 billion | 21.20 billion | 30.18 billion | 10 |
| 2020s | 15.41 billion | 11.04 billion | 21.28 billion | 5 |
Countries ranked near South Korea
More trade data for South Korea
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- Imports of low carbon technology products, Percent of GDP 1.9 (2024)
- Imports of low carbon technology products, US dollar (World), per 690.16 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.019 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 57.00 billion (2024)
Frequently asked questions
- What is trade balance in low carbon technology products, us dollar in South Korea?
- Trade balance in low carbon technology products, us dollar in South Korea was 21.28 billion in 2024, according to International Monetary Fund.
- What is the highest trade balance in low carbon technology products, us dollar recorded in South Korea?
- The highest recorded value was 30.18 billion in 2012.
- What is the lowest trade balance in low carbon technology products, us dollar recorded in South Korea?
- The lowest recorded value was -8.45 billion in 1996.
- How does South Korea rank for trade balance in low carbon technology products, us dollar?
- South Korea ranks 4th out of 187 countries with data for 2024.
- Is trade balance in low carbon technology products, us dollar rising or falling in South Korea?
- Over the last ten years it is down 21.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Trade balance in low carbon technology products, US dollar (World). Statizoid updates them automatically from the source API.
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About this data
This dataset provides information on the bilateral trade flows of low-carbon technology products, as well as country and world aggregates . Low carbon technology products produce less pollution than their traditional energy counterparts, and will play a vital role in the transition to a low carbon economy. Low carbon technologies include mechanics like wind turbines, solar panels, biomass systems and carbon capture equipment.