Chemicals in Republic of Korea
Republic of Korea: Chemicals was 12.1% in 2023. ▲ Rising
Chemicals in Republic of Korea, 1963–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
Republic of Korea recorded 12.1% for chemicals in 2023.
That represents a change of up 11.1% on the previous year and up 12.8% over ten years.
Over the whole period, chemicals in Republic of Korea peaked at 12.5% in 1968 and was at its lowest, 6.8%, in 2007.
That places Republic of Korea 47th out of 153 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Chemicals in Republic of Korea, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1963 | 9.6% | — |
| 1964 | 6.9% | -27.7% |
| 1965 | 9.5% | +36.8% |
| 1966 | 8.2% | -13.7% |
| 1967 | 9.1% | +11.3% |
| 1968 | 12.5% | +37.2% |
| 1969 | 12.2% | -2.9% |
| 1970 | 10.8% | -11.3% |
| 1971 | 10.6% | -1.9% |
| 1972 | 8.9% | -15.5% |
| 1973 | 8.5% | -5.2% |
| 1974 | 9.6% | +12.7% |
| 1975 | 10.5% | +10.3% |
| 1976 | 9.9% | -5.9% |
| 1977 | 9.4% | -4.9% |
| 1978 | 9.5% | +0.3% |
| 1979 | 8.9% | -5.7% |
| 1980 | 10.3% | +15.6% |
| 1981 | 9.4% | -9.0% |
| 1982 | 9.4% | +0.6% |
| 1983 | 9.3% | -1.3% |
| 1984 | 8.8% | -5.5% |
| 1985 | 8.8% | -0.4% |
| 1986 | 8.1% | -7.3% |
| 1987 | 8.4% | +3.4% |
| 1988 | 8.5% | +0.4% |
| 1989 | 8.6% | +2.2% |
| 1990 | 9.2% | +6.5% |
| 1991 | 9.1% | -1.1% |
| 1992 | 9.6% | +5.8% |
| 1993 | 9.9% | +2.6% |
| 1994 | 9.8% | -1.1% |
| 1995 | 9.3% | -4.6% |
| 1996 | 9.2% | -0.9% |
| 1997 | 9.8% | +6.4% |
| 1998 | 11.5% | +16.8% |
| 1999 | 9.5% | -17.5% |
| 2000 | 9.5% | +0.7% |
| 2001 | 9.5% | -0.6% |
| 2002 | 10.0% | +5.1% |
| 2003 | 9.6% | -3.5% |
| 2004 | 9.0% | -6.9% |
| 2005 | 8.6% | -3.5% |
| 2006 | 7.8% | -9.5% |
| 2007 | 6.8% | -12.7% |
| 2008 | 6.9% | +1.5% |
| 2009 | 7.1% | +1.8% |
| 2010 | 7.0% | -0.6% |
| 2011 | 10.5% | +48.9% |
| 2012 | 10.6% | +1.8% |
| 2013 | 10.7% | +0.8% |
| 2014 | 10.4% | -3.5% |
| 2015 | 10.3% | -0.5% |
| 2016 | 10.8% | +4.8% |
| 2017 | 10.7% | -0.5% |
| 2018 | 11.1% | +3.0% |
| 2019 | 11.0% | -0.5% |
| 2020 | 11.2% | +2.2% |
| 2021 | 11.8% | +5.1% |
| 2022 | 10.9% | -7.8% |
| 2023 | 12.1% | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.7% | 6.9% | 12.5% | 7 |
| 1970s | 9.7% | 8.5% | 10.8% | 10 |
| 1980s | 9.0% | 8.1% | 10.3% | 10 |
| 1990s | 9.7% | 9.1% | 11.5% | 10 |
| 2000s | 8.5% | 6.8% | 10.0% | 10 |
| 2010s | 10.3% | 7.0% | 11.1% | 10 |
| 2020s | 11.5% | 10.9% | 12.1% | 4 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Exports of goods and services (current LCU), annual growth rate 7.46 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 650.96 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 23.58 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 4.22 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4777 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 17,305 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate -5.81 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2833 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 10,263 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 402.98 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is chemicals in Republic of Korea?
- Chemicals in Republic of Korea was 12.1% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest chemicals recorded in Republic of Korea?
- The highest recorded value was 12.5% in 1968.
- What is the lowest chemicals recorded in Republic of Korea?
- The lowest recorded value was 6.8% in 2007.
- How does Republic of Korea rank for chemicals?
- Republic of Korea ranks 47th out of 153 countries with data for 2023.
- Is chemicals rising or falling in Republic of Korea?
- Over the last ten years it is up 12.8%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Chemicals (% of value added in manufacturing). Statizoid updates them automatically from the source API.
Download this data
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About this data
Manufacturing of chemicals and chemical products includes industries classified in ISIC (Rev. 3) division 24. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).