Customs and other import duties (% of tax revenue) in South Korea
South Korea: Customs and other import duties (% of tax revenue) was 2.1% in 2024. ◆ Volatile
Customs and other import duties in South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2024, customs and other import duties in South Korea stood at 2.1%. That is the lowest value across all 53 years on record.
That represents a change of down 0.7% on the previous year and down 50.9% over ten years.
Over the whole period, customs and other import duties in South Korea peaked at 21.2% in 1978 and was at its lowest, 2.1%, in 2024.
South Korea ranks 110th of 151 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties (% of tax revenue) in South Korea, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 1972 | 12.4% | — |
| 1973 | 14.2% | +14.3% |
| 1974 | 13.9% | -2.0% |
| 1975 | 14.5% | +4.5% |
| 1976 | 16.4% | +13.3% |
| 1977 | 18.1% | +9.9% |
| 1978 | 21.2% | +17.2% |
| 1979 | 19.1% | -9.7% |
| 1980 | 17.4% | -8.9% |
| 1981 | 16.3% | -6.2% |
| 1982 | 15.6% | -4.2% |
| 1983 | 17.9% | +14.1% |
| 1984 | 17.6% | -1.5% |
| 1985 | 16.4% | -6.8% |
| 1986 | 17.2% | +5.1% |
| 1987 | 19.6% | +13.6% |
| 1988 | 16.2% | -17.1% |
| 1989 | 13.0% | -19.7% |
| 1990 | 13.7% | +5.1% |
| 1991 | 10.8% | -20.9% |
| 1992 | 8.9% | -18.3% |
| 1993 | 7.3% | -17.3% |
| 1994 | 7.3% | -0.2% |
| 1995 | 8.2% | +11.7% |
| 1996 | 8.2% | +0.1% |
| 1997 | 8.3% | +1.5% |
| 1998 | 5.7% | -31.8% |
| 1999 | 6.2% | +9.5% |
| 2000 | 6.2% | +0.7% |
| 2001 | 6.2% | -0.9% |
| 2002 | 6.3% | +2.7% |
| 2003 | 6.0% | -5.9% |
| 2004 | 5.8% | -3.4% |
| 2005 | 5.0% | -14.1% |
| 2006 | 5.0% | +0.2% |
| 2007 | 4.6% | -7.6% |
| 2008 | 5.2% | +14.3% |
| 2009 | 5.6% | +6.2% |
| 2010 | 6.0% | +7.7% |
| 2011 | 5.7% | -4.8% |
| 2012 | 4.7% | -17.0% |
| 2013 | 5.3% | +11.8% |
| 2014 | 4.2% | -20.6% |
| 2015 | 3.9% | -7.2% |
| 2016 | 3.4% | -14.2% |
| 2017 | 3.2% | -3.4% |
| 2018 | 2.8% | -12.6% |
| 2019 | 2.6% | -7.0% |
| 2020 | 2.5% | -6.3% |
| 2021 | 2.5% | +1.0% |
| 2022 | 2.5% | -1.3% |
| 2023 | 2.1% | -15.5% |
| 2024 | 2.1% | -0.7% |
South Korea compared with similar countries
- South Korea's 2.1% is above the median for high income countries, which is 0.7%, 3.0× the median. (54 countries reporting)
- South Korea's 2.1% is below the median for East Asia & Pacific, which is 8.3%, 25% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.2% | 12.4% | 21.2% | 8 |
| 1980s | 16.7% | 13.0% | 19.6% | 10 |
| 1990s | 8.4% | 5.7% | 13.7% | 10 |
| 2000s | 5.6% | 4.6% | 6.3% | 10 |
| 2010s | 4.2% | 2.6% | 6.0% | 10 |
| 2020s | 2.3% | 2.1% | 2.5% | 5 |
Countries ranked near South Korea
More public sector data for South Korea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 222.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
Frequently asked questions
- What is customs and other import duties in South Korea?
- Customs and other import duties in South Korea was 2.1% 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 21.2% in 1978.
- What is the lowest customs and other import duties recorded in South Korea?
- The lowest recorded value was 2.1% in 2024.
- How does South Korea rank for customs and other import duties?
- South Korea ranks 110th out of 151 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 50.9%. 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 (% of tax revenue). 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 as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.