Republic of Korea vs Somalia: Taxes on international trade
Taxes on international trade over time
- Republic of Korea
- Somalia
How they compare
Republic of Korea currently reports 7.02 trillion current LCU against 4.75 trillion current LCU in Somalia, a difference of 2.28 trillion current LCU.
That makes Republic of Korea's figure about 1.5 times Somalia's.
Across all 8 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 7th and Somalia ranks 9th of 155 countries.
Republic of Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Republic of Korea | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 8.22 trillion current LCU | 2.43 trillion current LCU | 5.79 trillion current LCU | Republic of Korea |
| 2020s | 7.99 trillion current LCU | 3.45 trillion current LCU | 4.54 trillion current LCU | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Republic of Korea or Somalia?
- Republic of Korea, at 7.02 trillion current LCU against 4.75 trillion current LCU in Somalia as of 2024.
- What is the difference in taxes on international trade between Republic of Korea and Somalia?
- 2.28 trillion current LCU, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Somalia?
- 8 years are reported by both, from 2017 to 2024.
- How do Republic of Korea and Somalia rank globally for taxes on international trade?
- Republic of Korea ranks 7th and Somalia ranks 9th of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on international trade (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-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.