South Korea: Taxes on international trade
* indicates monthly or quarterly data series
| South Korea |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 1.09 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1972 - 2023 |
| Average | 7.58 |
| Min - Max | 1.09 - 18.98 |
| Source | The World Bank |
The latest value from 2023 is 1.09 percent, a decline from 1.4 percent in 2022. In comparison, the world average is 6.25 percent, based on data from 70 countries. Historically, the average for South Korea from 1972 to 2023 is 7.58 percent. The minimum value, 1.09 percent, was reached in 2023 while the maximum of 18.98 percent was recorded in 1978.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 18.90 | 2023 | percent |
| Government spending, in dollars | 323.69 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.78 | 2024 | percent |
| Primary budget balance | -0.70 | 2024 | percent |
| Government expenditure | 114,237.70 | Q3/2025 | billion |
| Long-term interest rate | 2.85 | 9/2025 | percent |
| Tax revenue | 15.72 | 2023 | percent |
| Commercial tax rate | 33.20 | 2019 | percent |
| Tax preparation time | 174 | 2019 | hours |
| Taxes on goods and services | 16.10 | 2023 | percent |
| Taxes on international trade | 1.09 | 2023 | percent |
| Income and profits taxes | 29.99 | 2023 | percent |
| Foreign aid | -55.10 | 1999 | million U.S. dollars |
| Government debt | 49.81 | 2024 | percent |
| Government debt in foreign currency, percent | 1.04 | 2023 | percent |
| Government debt held by non-residents | 19.11 | 2024 | percent |
| Sovereign debt average maturity | 9.91 | 2024 | percent |
| Short-term government debt | 8.76 | 2024 | percent |