South Korea vs Somalia: Customs and other import duties (current LCU)
Customs and other import duties (current LCU) over time
- South Korea
- Somalia
How they compare
South Korea currently reports 7.02 trillion current LCU against 4.71 trillion current LCU in Somalia, a difference of 2.31 trillion current LCU.
That makes South Korea's figure about 1.5 times Somalia's.
Across all 8 years both countries report, South Korea has been ahead every year.
South Korea ranks 5th and Somalia ranks 8th of 152 countries.
South Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Korea | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 8.22 trillion current LCU | 2.31 trillion current LCU | 5.91 trillion current LCU | South Korea |
| 2020s | 7.99 trillion current LCU | 3.44 trillion current LCU | 4.55 trillion current LCU | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher customs and other import duties, South Korea or Somalia?
- South Korea, at 7.02 trillion current LCU against 4.71 trillion current LCU in Somalia as of 2024.
- What is the difference in customs and other import duties between South Korea and Somalia?
- 2.31 trillion current LCU, with South Korea ahead.
- How many years of comparable data are there for South Korea and Somalia?
- 8 years are reported by both, from 2017 to 2024.
- How do South Korea and Somalia rank globally for customs and other import duties?
- South Korea ranks 5th and Somalia ranks 8th of 152 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Customs and other import duties (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.