Service exports in South Korea
South Korea: Service exports was 150.14 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
150.14 billion BoP, current US$
Change on year
up 5.7%
World rank
17th
of 200 countries
All-time high
150.14 billion BoP, current US$
in 2025
All-time low
1.53 billion BoP, current US$
in 1976
Years of data
50
1976–2025
Service exports in South Korea, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, service exports in South Korea stood at 150.14 billion BoP, current US$. That is the highest value across all 50 years on record.
That represents a change of up 5.7% on the previous year and up 54.0% over ten years.
Over the whole period, service exports in South Korea peaked at 150.14 billion BoP, current US$ in 2025 and was at its lowest, 1.53 billion BoP, current US$, in 1976.
That places South Korea 17th out of 200 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in South Korea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 1.53 billion BoP, current US$ | — |
| 1977 | 2.78 billion BoP, current US$ | +82.3% |
| 1978 | 4.06 billion BoP, current US$ | +45.8% |
| 1979 | 4.39 billion BoP, current US$ | +8.2% |
| 1980 | 5.03 billion BoP, current US$ | +14.4% |
| 1981 | 6.15 billion BoP, current US$ | +22.3% |
| 1982 | 7.17 billion BoP, current US$ | +16.7% |
| 1983 | 6.86 billion BoP, current US$ | -4.4% |
| 1984 | 6.95 billion BoP, current US$ | +1.3% |
| 1985 | 5.95 billion BoP, current US$ | -14.4% |
| 1986 | 6.40 billion BoP, current US$ | +7.6% |
| 1987 | 8.56 billion BoP, current US$ | +33.7% |
| 1988 | 9.34 billion BoP, current US$ | +9.1% |
| 1989 | 9.85 billion BoP, current US$ | +5.4% |
| 1990 | 10.79 billion BoP, current US$ | +9.6% |
| 1991 | 11.20 billion BoP, current US$ | +3.8% |
| 1992 | 11.77 billion BoP, current US$ | +5.1% |
| 1993 | 14.08 billion BoP, current US$ | +19.6% |
| 1994 | 18.04 billion BoP, current US$ | +28.1% |
| 1995 | 24.42 billion BoP, current US$ | +35.4% |
| 1996 | 24.97 billion BoP, current US$ | +2.2% |
| 1997 | 28.25 billion BoP, current US$ | +13.1% |
| 1998 | 27.43 billion BoP, current US$ | -2.9% |
| 1999 | 28.23 billion BoP, current US$ | +2.9% |
| 2000 | 32.56 billion BoP, current US$ | +15.3% |
| 2001 | 30.78 billion BoP, current US$ | -5.5% |
| 2002 | 31.02 billion BoP, current US$ | +0.8% |
| 2003 | 35.76 billion BoP, current US$ | +15.3% |
| 2004 | 45.28 billion BoP, current US$ | +26.6% |
| 2005 | 50.54 billion BoP, current US$ | +11.6% |
| 2006 | 57.01 billion BoP, current US$ | +12.8% |
| 2007 | 71.41 billion BoP, current US$ | +25.3% |
| 2008 | 91.05 billion BoP, current US$ | +27.5% |
| 2009 | 72.54 billion BoP, current US$ | -20.3% |
| 2010 | 82.95 billion BoP, current US$ | +14.3% |
| 2011 | 90.56 billion BoP, current US$ | +9.2% |
| 2012 | 103.13 billion BoP, current US$ | +13.9% |
| 2013 | 103.32 billion BoP, current US$ | +0.2% |
| 2014 | 111.90 billion BoP, current US$ | +8.3% |
| 2015 | 97.50 billion BoP, current US$ | -12.9% |
| 2016 | 94.81 billion BoP, current US$ | -2.8% |
| 2017 | 89.70 billion BoP, current US$ | -5.4% |
| 2018 | 103.68 billion BoP, current US$ | +15.6% |
| 2019 | 103.84 billion BoP, current US$ | +0.2% |
| 2020 | 91.23 billion BoP, current US$ | -12.1% |
| 2021 | 120.17 billion BoP, current US$ | +31.7% |
| 2022 | 132.68 billion BoP, current US$ | +10.4% |
| 2023 | 127.04 billion BoP, current US$ | -4.3% |
| 2024 | 142.03 billion BoP, current US$ | +11.8% |
| 2025 | 150.14 billion BoP, current US$ | +5.7% |
South Korea compared with similar countries
- South Korea's 150.14 billion BoP, current US$ is above the median for high income countries, which is 24.56 billion BoP, current US$, 6.1× the median. (72 countries reporting)
- South Korea's 150.14 billion BoP, current US$ is above the median for East Asia & Pacific, which is 1.73 billion BoP, current US$, 86.7× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +82.3% | 1.53 billion BoP, current US$ | 2.78 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.19 billion BoP, current US$ | 1.53 billion BoP, current US$ | 4.39 billion BoP, current US$ | 4 |
| 1980s | 7.23 billion BoP, current US$ | 5.03 billion BoP, current US$ | 9.85 billion BoP, current US$ | 10 |
| 1990s | 19.92 billion BoP, current US$ | 10.79 billion BoP, current US$ | 28.25 billion BoP, current US$ | 10 |
| 2000s | 51.80 billion BoP, current US$ | 30.78 billion BoP, current US$ | 91.05 billion BoP, current US$ | 10 |
| 2010s | 98.14 billion BoP, current US$ | 82.95 billion BoP, current US$ | 111.90 billion BoP, current US$ | 10 |
| 2020s | 127.22 billion BoP, current US$ | 91.23 billion BoP, current US$ | 150.14 billion BoP, current US$ | 6 |
Countries ranked near South Korea
- 14 Italy 168.50 billion BoP, current US$ compare
- 15 Luxembourg 166.79 billion BoP, current US$ compare
- 16 Belgium 159.87 billion BoP, current US$ compare
- 18 Sweden 131.88 billion BoP, current US$ compare
- 19 Poland 130.95 billion BoP, current US$ compare
- 20 Denmark 128.90 billion BoP, current US$ compare
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 service exports in South Korea?
- Service exports in South Korea was 150.14 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in South Korea?
- The highest recorded value was 150.14 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in South Korea?
- The lowest recorded value was 1.53 billion BoP, current US$ in 1976.
- How does South Korea rank for service exports?
- South Korea ranks 17th out of 200 countries with data for 2025.
- Is service exports rising or falling in South Korea?
- Over the last ten years it is up 54.0%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.