Korea - Customs and other import duties
Customs and other import duties (current LCU)
The value for Customs and other import duties (current LCU) in Korea was 7,700,960,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 10,990,100,000,000 in 2011 and a minimum value of 59,000,000,000 in 1972.
Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 59,000,000,000 |
| 1973 | 82,000,000,000 |
| 1974 | 127,000,000,000 |
| 1975 | 202,000,000,000 |
| 1976 | 344,000,000,000 |
| 1977 | 475,000,000,000 |
| 1978 | 775,000,000,000 |
| 1979 | 913,000,000,000 |
| 1980 | 1,014,000,000,000 |
| 1981 | 1,189,000,000,000 |
| 1982 | 1,317,000,000,000 |
| 1983 | 1,799,000,000,000 |
| 1984 | 1,921,000,000,000 |
| 1985 | 1,950,000,000,000 |
| 1986 | 2,349,000,000,000 |
| 1987 | 3,205,000,000,000 |
| 1988 | 3,168,000,000,000 |
| 1989 | 2,772,000,000,000 |
| 1990 | 3,685,000,000,000 |
| 1991 | 3,294,000,000,000 |
| 1992 | 3,128,000,000,000 |
| 1993 | 2,884,000,000,000 |
| 1994 | 3,453,000,000,000 |
| 1995 | 4,633,000,000,000 |
| 1996 | 5,309,000,000,000 |
| 1997 | 5,798,000,000,000 |
| 1998 | 3,835,990,000,000 |
| 1999 | 4,687,300,000,000 |
| 2000 | 5,799,720,000,000 |
| 2001 | 5,923,380,000,000 |
| 2002 | 6,601,290,000,000 |
| 2003 | 6,847,340,000,000 |
| 2004 | 6,796,490,000,000 |
| 2005 | 6,317,700,000,000 |
| 2006 | 6,858,400,000,000 |
| 2007 | 7,410,760,000,000 |
| 2008 | 8,775,690,000,000 |
| 2009 | 9,169,130,000,000 |
| 2010 | 10,666,300,000,000 |
| 2011 | 10,990,100,000,000 |
| 2012 | 9,609,260,000,000 |
| 2013 | 10,838,500,000,000 |
| 2014 | 8,704,540,000,000 |
| 2015 | 8,516,300,000,000 |
| 2016 | 8,155,890,000,000 |
| 2017 | 8,615,890,000,000 |
| 2018 | 8,349,650,000,000 |
| 2019 | 7,700,960,000,000 |
Customs and other import duties (% of tax revenue)
Customs and other import duties (% of tax revenue) in Korea was 2.63 as of 2019. Its highest value over the past 47 years was 21.17 in 1978, while its lowest value was 2.63 in 2019.
Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 12.39 |
| 1973 | 14.16 |
| 1974 | 13.88 |
| 1975 | 14.50 |
| 1976 | 16.44 |
| 1977 | 18.06 |
| 1978 | 21.17 |
| 1979 | 19.11 |
| 1980 | 17.41 |
| 1981 | 16.34 |
| 1982 | 15.64 |
| 1983 | 17.85 |
| 1984 | 17.59 |
| 1985 | 16.39 |
| 1986 | 17.23 |
| 1987 | 19.57 |
| 1988 | 16.22 |
| 1989 | 13.03 |
| 1990 | 13.69 |
| 1991 | 10.84 |
| 1992 | 8.85 |
| 1993 | 7.32 |
| 1994 | 7.31 |
| 1995 | 8.16 |
| 1996 | 8.17 |
| 1997 | 8.29 |
| 1998 | 5.66 |
| 1999 | 6.20 |
| 2000 | 6.24 |
| 2001 | 6.18 |
| 2002 | 6.35 |
| 2003 | 5.97 |
| 2004 | 5.77 |
| 2005 | 4.96 |
| 2006 | 4.97 |
| 2007 | 4.59 |
| 2008 | 5.25 |
| 2009 | 5.57 |
| 2010 | 6.00 |
| 2011 | 5.71 |
| 2012 | 4.74 |
| 2013 | 5.30 |
| 2014 | 4.21 |
| 2015 | 3.90 |
| 2016 | 3.35 |
| 2017 | 3.24 |
| 2018 | 2.83 |
| 2019 | 2.63 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
