Korea - Transport services (% of service exports, BoP)

Transport services (% of service exports, BoP) in Korea was 37.56 as of 2021. Its highest value over the past 45 years was 49.94 in 2004, while its lowest value was 16.21 in 1978.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 22.53
1977 19.32
1978 16.21
1979 23.32
1980 30.96
1981 32.85
1982 32.72
1983 34.33
1984 32.59
1985 31.58
1986 31.37
1987 29.37
1988 31.02
1989 32.51
1990 30.57
1991 35.51
1992 38.16
1993 39.36
1994 41.49
1995 38.51
1996 35.76
1997 39.49
1998 37.63
1999 40.84
2000 42.19
2001 43.09
2002 42.98
2003 48.20
2004 49.94
2005 47.33
2006 45.36
2007 46.80
2008 49.09
2009 39.56
2010 47.00
2011 40.83
2012 40.19
2013 36.38
2014 34.08
2015 35.02
2016 28.93
2017 27.63
2018 26.99
2019 26.06
2020 26.71
2021 37.56

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments