Annual growth of exports of goods and services in Korea
Korea: Annual growth of exports of goods and services was 6.8% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Korea, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of exports of goods and services in Korea stood at 6.8%.
Compared with earlier readings it is up 100.3% on the previous year and up 223.7% over ten years.
Over the whole period, annual growth of exports of goods and services in Korea peaked at 21.4% in 2004 and was at its lowest, -1.7%, in 2001.
That places Korea 55th out of 176 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 17.0% | — |
| 2001 | -1.7% | -109.9% |
| 2002 | 12.3% | -826.6% |
| 2003 | 13.4% | +9.4% |
| 2004 | 21.4% | +59.5% |
| 2005 | 7.7% | -64.1% |
| 2006 | 12.4% | +61.2% |
| 2007 | 13.0% | +5.1% |
| 2008 | 7.9% | -39.6% |
| 2009 | -0.6% | -107.4% |
| 2010 | 13.1% | -2353.4% |
| 2011 | 15.6% | +19.1% |
| 2012 | 6.0% | -61.2% |
| 2013 | 4.0% | -34.1% |
| 2014 | 2.1% | -47.0% |
| 2015 | 0.0% | -100.0% |
| 2016 | 2.5% | — |
| 2017 | 2.5% | +1.6% |
| 2018 | 3.8% | +52.6% |
| 2019 | -0.2% | -104.5% |
| 2020 | -1.7% | +876.5% |
| 2021 | 10.8% | -750.0% |
| 2022 | 3.9% | -63.7% |
| 2023 | 3.4% | -13.0% |
| 2024 | 6.8% | +100.3% |
Korea compared with similar countries
- Korea's 6.8% is above the median for high income countries, which is 2.2%, 3.1× the median. (62 countries reporting)
- Korea's 6.8% is above the median for East Asia & Pacific, which is 6.8%, 1.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services in Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2353.4% | -0.6% | 13.1% |
| 2020 | -876.5% | -0.2% | -1.7% |
| 2002 | +826.6% | -1.7% | 12.3% |
| 2021 | +750.0% | -1.7% | 10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.3% | -1.7% | 21.4% | 10 |
| 2010s | 4.9% | -0.2% | 15.6% | 10 |
| 2020s | 4.7% | -1.7% | 10.8% | 5 |
Countries ranked near Korea
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is annual growth of exports of goods and services in Korea?
- Annual growth of exports of goods and services in Korea was 6.8% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of exports of goods and services recorded in Korea?
- The highest recorded value was 21.4% in 2004.
- What is the lowest annual growth of exports of goods and services recorded in Korea?
- The lowest recorded value was -1.7% in 2001.
- How does Korea rank for annual growth of exports of goods and services?
- Korea ranks 55th out of 176 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Korea?
- Over the last ten years it is up 223.7%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of exports of goods and services (%).