Taxes on international trade in Korea
Korea: Taxes on international trade was 7.02 trillion current LCU in 2024. ◆ Volatile
Taxes on international trade in Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Korea recorded 7.02 trillion current LCU for taxes on international trade in 2024.
That represents a change of down 4.0% on the previous year and down 19.3% over ten years.
Over the whole period, taxes on international trade in Korea peaked at 10.99 trillion current LCU in 2011 and was at its lowest, 59.00 billion current LCU, in 1972.
Korea ranks 7th of 155 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
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 Korea
More public sector data for 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 taxes on international trade in Korea?
- Taxes on international trade in 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 taxes on international trade recorded in Korea?
- The highest recorded value was 10.99 trillion current LCU in 2011.
- What is the lowest taxes on international trade recorded in Korea?
- The lowest recorded value was 59.00 billion current LCU in 1972.
- How does Korea rank for taxes on international trade?
- Korea ranks 7th out of 155 countries with data for 2024.
- Is taxes on international trade rising or falling in Korea?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
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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.