Share of service in total exports in South Korea
South Korea: Share of service in total exports was 718.94 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
718.94 billion BoP, current US$
Change on year
up 2.1%
World rank
5th
of 198 countries
All-time high
718.94 billion BoP, current US$
in 2025
All-time low
7.81 billion BoP, current US$
in 1976
Years of data
50
1976–2025
Share of service in total exports in South Korea, 1976–2025
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
The most recent figure for share of service in total exports in South Korea is 718.94 billion BoP, current US$, measured in 2025. That is the highest value across all 50 years on record.
That represents a change of up 2.1% on the previous year and up 32.4% over ten years.
Over the whole period, share of service in total exports in South Korea peaked at 718.94 billion BoP, current US$ in 2025 and was at its lowest, 7.81 billion BoP, current US$, in 1976.
South Korea ranks 5th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Share of service in total exports in South Korea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 7.81 billion BoP, current US$ | — |
| 1977 | 10.05 billion BoP, current US$ | +28.6% |
| 1978 | 12.71 billion BoP, current US$ | +26.5% |
| 1979 | 14.71 billion BoP, current US$ | +15.7% |
| 1980 | 15.02 billion BoP, current US$ | +2.1% |
| 1981 | 18.01 billion BoP, current US$ | +20.0% |
| 1982 | 16.69 billion BoP, current US$ | -7.4% |
| 1983 | 19.00 billion BoP, current US$ | +13.9% |
| 1984 | 22.35 billion BoP, current US$ | +17.6% |
| 1985 | 20.77 billion BoP, current US$ | -7.0% |
| 1986 | 31.16 billion BoP, current US$ | +50.0% |
| 1987 | 43.71 billion BoP, current US$ | +40.3% |
| 1988 | 56.35 billion BoP, current US$ | +28.9% |
| 1989 | 57.86 billion BoP, current US$ | +2.7% |
| 1990 | 59.86 billion BoP, current US$ | +3.5% |
| 1991 | 67.40 billion BoP, current US$ | +12.6% |
| 1992 | 73.49 billion BoP, current US$ | +9.0% |
| 1993 | 80.79 billion BoP, current US$ | +9.9% |
| 1994 | 91.98 billion BoP, current US$ | +13.9% |
| 1995 | 119.58 billion BoP, current US$ | +30.0% |
| 1996 | 124.43 billion BoP, current US$ | +4.1% |
| 1997 | 132.37 billion BoP, current US$ | +6.4% |
| 1998 | 127.54 billion BoP, current US$ | -3.6% |
| 1999 | 136.03 billion BoP, current US$ | +6.7% |
| 2000 | 169.52 billion BoP, current US$ | +24.6% |
| 2001 | 146.42 billion BoP, current US$ | -13.6% |
| 2002 | 160.96 billion BoP, current US$ | +9.9% |
| 2003 | 194.91 billion BoP, current US$ | +21.1% |
| 2004 | 256.05 billion BoP, current US$ | +31.4% |
| 2005 | 285.26 billion BoP, current US$ | +11.4% |
| 2006 | 329.11 billion BoP, current US$ | +15.4% |
| 2007 | 382.80 billion BoP, current US$ | +16.3% |
| 2008 | 432.91 billion BoP, current US$ | +13.1% |
| 2009 | 363.93 billion BoP, current US$ | -15.9% |
| 2010 | 463.83 billion BoP, current US$ | +27.5% |
| 2011 | 587.21 billion BoP, current US$ | +26.6% |
| 2012 | 603.66 billion BoP, current US$ | +2.8% |
| 2013 | 618.39 billion BoP, current US$ | +2.4% |
| 2014 | 613.40 billion BoP, current US$ | -0.8% |
| 2015 | 543.08 billion BoP, current US$ | -11.5% |
| 2016 | 511.93 billion BoP, current US$ | -5.7% |
| 2017 | 580.31 billion BoP, current US$ | +13.4% |
| 2018 | 626.27 billion BoP, current US$ | +7.9% |
| 2019 | 556.67 billion BoP, current US$ | -11.1% |
| 2020 | 520.83 billion BoP, current US$ | -6.4% |
| 2021 | 655.64 billion BoP, current US$ | +25.9% |
| 2022 | 697.75 billion BoP, current US$ | +6.4% |
| 2023 | 642.12 billion BoP, current US$ | -8.0% |
| 2024 | 703.98 billion BoP, current US$ | +9.6% |
| 2025 | 718.94 billion BoP, current US$ | +2.1% |
South Korea compared with similar countries
- South Korea's 718.94 billion BoP, current US$ is above the median for high income countries, which is 47.85 billion BoP, current US$, 15.0× the median. (72 countries reporting)
- South Korea's 718.94 billion BoP, current US$ is above the median for East Asia & Pacific, which is 10.29 billion BoP, current US$, 69.8× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.32 billion BoP, current US$ | 7.81 billion BoP, current US$ | 14.71 billion BoP, current US$ | 4 |
| 1980s | 30.09 billion BoP, current US$ | 15.02 billion BoP, current US$ | 57.86 billion BoP, current US$ | 10 |
| 1990s | 101.35 billion BoP, current US$ | 59.86 billion BoP, current US$ | 136.03 billion BoP, current US$ | 10 |
| 2000s | 272.19 billion BoP, current US$ | 146.42 billion BoP, current US$ | 432.91 billion BoP, current US$ | 10 |
| 2010s | 570.48 billion BoP, current US$ | 463.83 billion BoP, current US$ | 626.27 billion BoP, current US$ | 10 |
| 2020s | 656.54 billion BoP, current US$ | 520.83 billion BoP, current US$ | 718.94 billion BoP, current US$ | 6 |
Countries ranked near South Korea
- 2 United States 2.20 trillion BoP, current US$ compare
- 3 Germany 1.53 trillion BoP, current US$ compare
- 4 Japan 725.22 billion BoP, current US$ compare
- 6 France 704.38 billion BoP, current US$ compare
- 7 Netherlands 693.12 billion BoP, current US$ compare
- 8 Mexico 665.60 billion BoP, current US$ compare
More economy & growth data for South Korea
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
Frequently asked questions
- What is share of service in total exports in South Korea?
- Share of service in total exports in South Korea was 718.94 billion BoP, current US$ in 2025, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in South Korea?
- The highest recorded value was 718.94 billion BoP, current US$ in 2025.
- What is the lowest share of service in total exports recorded in South Korea?
- The lowest recorded value was 7.81 billion BoP, current US$ in 1976.
- How does South Korea rank for share of service in total exports?
- South Korea ranks 5th out of 198 countries with data for 2025.
- Is share of service in total exports rising or falling in South Korea?
- Over the last ten years it is up 32.4%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.