Customs and other import duties (current LCU) in South Korea
South Korea: Customs and other import duties (current LCU) was 7.02 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
7.02 trillion current LCU
Change on year
down 4.0%
World rank
5th
of 152 countries
All-time high
10.99 trillion current LCU
in 2011
All-time low
59.00 billion current LCU
in 1972
Years of data
53
1972–2024
Customs and other import duties in South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
South Korea recorded 7.02 trillion current LCU for customs and other import duties in 2024.
Compared with earlier readings it is down 4.0% on the previous year and down 19.3% over ten years.
Over the whole period, customs and other import duties in South Korea peaked at 10.99 trillion current LCU in 2011 and was at its lowest, 59.00 billion current LCU, in 1972.
That places South Korea 5th out of 152 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties (current LCU) in South Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 59.00 billion current LCU | — |
| 1973 | 82.00 billion current LCU | +39.0% |
| 1974 | 127.00 billion current LCU | +54.9% |
| 1975 | 202.00 billion current LCU | +59.1% |
| 1976 | 344.00 billion current LCU | +70.3% |
| 1977 | 475.00 billion current LCU | +38.1% |
| 1978 | 775.00 billion current LCU | +63.2% |
| 1979 | 913.00 billion current LCU | +17.8% |
| 1980 | 1.01 trillion current LCU | +11.1% |
| 1981 | 1.19 trillion current LCU | +17.3% |
| 1982 | 1.32 trillion current LCU | +10.8% |
| 1983 | 1.80 trillion current LCU | +36.6% |
| 1984 | 1.92 trillion current LCU | +6.8% |
| 1985 | 1.95 trillion current LCU | +1.5% |
| 1986 | 2.35 trillion current LCU | +20.5% |
| 1987 | 3.21 trillion current LCU | +36.4% |
| 1988 | 3.17 trillion current LCU | -1.2% |
| 1989 | 2.77 trillion current LCU | -12.5% |
| 1990 | 3.69 trillion current LCU | +32.9% |
| 1991 | 3.29 trillion current LCU | -10.6% |
| 1992 | 3.13 trillion current LCU | -5.0% |
| 1993 | 2.88 trillion current LCU | -7.8% |
| 1994 | 3.45 trillion current LCU | +19.7% |
| 1995 | 4.63 trillion current LCU | +34.2% |
| 1996 | 5.31 trillion current LCU | +14.6% |
| 1997 | 5.80 trillion current LCU | +9.2% |
| 1998 | 3.84 trillion current LCU | -33.8% |
| 1999 | 4.69 trillion current LCU | +22.2% |
| 2000 | 5.80 trillion current LCU | +23.7% |
| 2001 | 5.92 trillion current LCU | +2.1% |
| 2002 | 6.60 trillion current LCU | +11.4% |
| 2003 | 6.85 trillion current LCU | +3.7% |
| 2004 | 6.80 trillion current LCU | -0.7% |
| 2005 | 6.32 trillion current LCU | -7.0% |
| 2006 | 6.86 trillion current LCU | +8.6% |
| 2007 | 7.41 trillion current LCU | +8.1% |
| 2008 | 8.78 trillion current LCU | +18.4% |
| 2009 | 9.17 trillion current LCU | +4.5% |
| 2010 | 10.67 trillion current LCU | +16.3% |
| 2011 | 10.99 trillion current LCU | +3.0% |
| 2012 | 9.61 trillion current LCU | -12.6% |
| 2013 | 10.84 trillion current LCU | +12.8% |
| 2014 | 8.70 trillion current LCU | -19.7% |
| 2015 | 8.52 trillion current LCU | -2.2% |
| 2016 | 8.16 trillion current LCU | -4.2% |
| 2017 | 8.62 trillion current LCU | +5.6% |
| 2018 | 8.35 trillion current LCU | -3.1% |
| 2019 | 7.70 trillion current LCU | -7.8% |
| 2020 | 7.12 trillion current LCU | -7.6% |
| 2021 | 8.67 trillion current LCU | +21.9% |
| 2022 | 9.81 trillion current LCU | +13.1% |
| 2023 | 7.31 trillion current LCU | -25.4% |
| 2024 | 7.02 trillion current LCU | -4.0% |
South Korea compared with similar countries
- South Korea's 7.02 trillion current LCU is above the median for high income countries, which is 83.80 million current LCU, 83812.4× the median. (54 countries reporting)
- South Korea's 7.02 trillion current LCU is above the median for East Asia & Pacific, which is 3.07 billion current LCU, 2285.5× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 372.12 billion current LCU | 59.00 billion current LCU | 913.00 billion current LCU | 8 |
| 1980s | 2.07 trillion current LCU | 1.01 trillion current LCU | 3.21 trillion current LCU | 10 |
| 1990s | 4.07 trillion current LCU | 2.88 trillion current LCU | 5.80 trillion current LCU | 10 |
| 2000s | 7.05 trillion current LCU | 5.80 trillion current LCU | 9.17 trillion current LCU | 10 |
| 2010s | 9.21 trillion current LCU | 7.70 trillion current LCU | 10.99 trillion current LCU | 10 |
| 2020s | 7.99 trillion current LCU | 7.02 trillion current LCU | 9.81 trillion current LCU | 5 |
Countries ranked near South Korea
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Frequently asked questions
- What is customs and other import duties in South Korea?
- Customs and other import duties in South Korea was 7.02 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in South Korea?
- The highest recorded value was 10.99 trillion current LCU in 2011.
- What is the lowest customs and other import duties recorded in South Korea?
- The lowest recorded value was 59.00 billion current LCU in 1972.
- How does South Korea rank for customs and other import duties?
- South Korea ranks 5th out of 152 countries with data for 2024.
- Is customs and other import duties rising or falling in South Korea?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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.