Share of products from least-developed countries that have no tariff in South Korea
South Korea: Share of products from least-developed countries that have no tariff was 60.3% in 2024. ▲ Rising
Share of products from least-developed countries that have no tariff in South Korea, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
In 2024, share of products from least-developed countries that have no tariff in South Korea stood at 60.3%. That is the highest value across all 12 years on record.
That represents a change of up 1.4% on the previous year and up 37.6% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in South Korea peaked at 60.3% in 2024 and was at its lowest, 28.9%, in 2005.
That places South Korea 144th out of 230 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 28.9% | — |
| 2010 | 33.8% | +17.1% |
| 2015 | 43.8% | +29.5% |
| 2016 | 45.5% | +4.0% |
| 2017 | 49.9% | +9.6% |
| 2018 | 51.0% | +2.2% |
| 2019 | 53.2% | +4.2% |
| 2020 | 55.9% | +5.0% |
| 2021 | 58.3% | +4.4% |
| 2022 | 59.6% | +2.2% |
| 2023 | 59.5% | -0.2% |
| 2024 | 60.3% | +1.4% |
South Korea compared with similar countries
- South Korea's 60.3% is below the median for high income countries, which is 64.9%, 93% of the median. (80 countries reporting)
- South Korea's 60.3% is below the median for East Asia & Pacific, which is 62.5%, 96% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.9% | 28.9% | 28.9% | 1 |
| 2010s | 46.2% | 33.8% | 53.2% | 6 |
| 2020s | 58.7% | 55.9% | 60.3% | 5 |
Countries ranked near South Korea
More economy & growth data for South 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 share of products from least-developed countries that have no tariff in South Korea?
- Share of products from least-developed countries that have no tariff in South Korea was 60.3% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in South Korea?
- The highest recorded value was 60.3% in 2024.
- What is the lowest share of products from least-developed countries that have no tariff recorded in South Korea?
- The lowest recorded value was 28.9% in 2005.
- How does South Korea rank for share of products from least-developed countries that have no tariff?
- South Korea ranks 144th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in South Korea?
- Over the last ten years it is up 37.6%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).