TOKYO — South Korea recorded a trade deficit of $18 billion with China in 2023, marking its first such bilateral shortfall with the country in 31 years, according to preliminary trade data released on Monday.
South Korean exports to China fell to $124.8 billion, down 20% from $155.7 billion in 2022, while imports from the neighboring country came to $142.8 billion, dipping 8% from $154.5 billion.