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Annual data from Bureau of Economic Analysis (BEA) | Latest: 2024
In 2024, the United States exported $27.0B in services to South Korea and imported $15.5B, running a $11.5B services surplus. Transport services accounted for the largest share of two-way services trade. Source: U.S. Bureau of Economic Analysis (BEA).
Services Exports
$27.0B
To South Korea (2024, Annual)
Services Imports
$15.5B
From South Korea (2024, Annual)
Services Trade Balance
$11.5B
U.S. services surplus with South Korea
| Service Type | Exports | Imports |
|---|---|---|
| Transport services | $5.1B | $6.1B |
| Travel services | $7.4B | $2.1B |
| Charges for the use of intellectual property n.i.e. | $4.7B | $613.0M |
| Other business services | $3.5B | $1.4B |
| Financial services | $2.4B | $633.0M |
| Telecommunications, computer, and information services | $1.8B | $657.0M |
| Personal, cultural, and recreational services | $256.0M |
| $1.1B |
| Maintenance and repair services n.i.e. | $944.0M | -- |
| Insurance services | $332.0M | $188.0M |
| Construction services | -- | $5.0M |
-- No value published by BEA for this cell (withheld for confidentiality, or not published)
Transport services
$5.1B
$6.1B
Travel services
$7.4B
$2.1B
Charges for the use of intellectual property n.i.e.
$4.7B
$613.0M
Other business services
$3.5B
$1.4B
Financial services
$2.4B
$633.0M
Telecommunications, computer, and information services
$1.8B
$657.0M
Personal, cultural, and recreational services
$256.0M
$1.1B
Maintenance and repair services n.i.e.
$944.0M
--
Insurance services
$332.0M
$188.0M
Construction services
--
$5.0M