Customs and other import duties in Republic of Korea
Republic of Korea: Customs and other import duties was 2.1% in 2024. ◆ Volatile
Customs and other import duties in Republic of 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 Republic of 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 Republic of Korea peaked at 21.2% in 1978 and was at its lowest, 2.1%, in 2024.
Republic of 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 in Republic of 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% |
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 Republic of Korea
More public sector data for Republic of Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is customs and other import duties in Republic of Korea?
- Customs and other import duties in Republic of 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 Republic of Korea?
- The highest recorded value was 21.2% in 1978.
- What is the lowest customs and other import duties recorded in Republic of Korea?
- The lowest recorded value was 2.1% in 2024.
- How does Republic of Korea rank for customs and other import duties?
- Republic of Korea ranks 110th out of 151 countries with data for 2024.
- Is customs and other import duties rising or falling in Republic of Korea?
- Over the last ten years it is down 50.9%. The long-run trend across the full record is volatile.
- Where does this Republic of 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
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.