South Korea's exports to the US dropped 1.9 percent on-year to $76.01 billion, with its imports falling by 9.4 percent to $51.21 billion to log a $24.82 billion trade surplus with the world's largest economy, up 18.5 percent from the previous year.
The country was the US's 7th largest trading partner in 2020 in terms of imports and exports.
South Korea ranked 12th in 2020 among countries with trade surplusses with the US, up to one notch from 2019. China had the most trade surplus with the US at 310 billion dollars.
Last year, the pandemic pulled down South Korea's outbound shipments to $512.8 billion, plunging 5.4 percent from 2019.
South Korea expects exports to rebound 8.6 percent on-year in 2021.


Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 



