South Korea: Growth of exports

For that indicator, we provide data for South Korea from 1961 to 2022. The average value for South Korea during that period was 15.41 percent with a minimum of -3.67 percent in 1989 and a maximum of 50.87 percent in 1973. The latest value from 2022 is 3.2 percent. For comparison, the world average in 2022 based on 125 countries is 10.65 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.