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South Korea Taxes on international trade (current LCU) 2026: Interactive Chart & Historical Data

Taxes on international trade (current LCU) in South Korea stood at 7.023 trillion in 2024, according to World Bank. The latest value is down 4% from 7.314 trillion in 2023. Ten years earlier, in 2014, the value was 8.705 trillion (down 19% since). The highest value since 1972 was 10.99 trillion in 2011, the lowest 59 billion in 1972. South Korea ranked 2nd highest of the 86 countries in this dataset in 2023; Uzbekistan ranked first.

Data source: World Bank · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Taxes on international trade (current LCU)?

Taxes on international trade (current LCU) captures South Korea's cross-border flows of goods and services, revealing the country's competitive position in global markets, trade relationships, and exposure to external economic shocks. Trade data encompasses exports (goods and services sold to other countries), imports (purchases from abroad), and the resulting balance (surplus when exports exceed imports, deficit when the reverse occurs). In South Korea, Taxes on international trade (current LCU) reflects comparative advantages — sectors where the country produces efficiently relative to trading partners — as well as exchange rate effects and global demand patterns. Persistent trade deficits may indicate domestic consumption exceeding production, while surpluses suggest strong export competitiveness. Trade relationships also create supply chain dependencies; disruptions in partner countries can affect South Korea's industries that rely on imported components or foreign markets for their products.

Key facts

What is the latest Taxes on international trade (current LCU) in South Korea?

Taxes on international trade (current LCU) in South Korea stood at 7.023 trillion in 2024, according to World Bank.

Is Taxes on international trade (current LCU) in South Korea rising or falling?

The latest value is down 4% from 7.314 trillion in 2023. Ten years earlier, in 2014, the value was 8.705 trillion (down 19% since).

How does South Korea rank for Taxes on international trade (current LCU)?

South Korea ranked 2nd highest of the 86 countries in this dataset in 2023; Uzbekistan ranked first.

What is the highest Taxes on international trade (current LCU) on record in South Korea?

The highest value since 1972 was 10.99 trillion in 2011, the lowest 59 billion in 1972.

Metadata for Taxes on international trade (current LCU) in South Korea
IndicatorTaxes on international trade (current LCU)
CountrySouth Korea
CategoryMacroeconomics
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

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Source:World Bank — series GC.TAX.INTT.CN
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Taxes on international trade (current LCU) — South Korea [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-intt-cn/KOR. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=KR

MLA

World Bank. "Taxes on international trade (current LCU) — South Korea." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-intt-cn/KOR. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=KR.

Chicago

World Bank. 2026. "Taxes on international trade (current LCU) — South Korea." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-intt-cn/KOR. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=KR.

BibTeX
@misc{econdash_wdi_gc_tax_intt_cn_kor,
  author = {{World Bank}},
  title = {{Taxes on international trade (current LCU) --- South Korea}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-intt-cn/KOR},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=KR}
}