Korea - Transport services imports

Transport services (% of commercial service imports)

The value for Transport services (% of commercial service imports) in Korea was 24.49 as of 2021. As the graph below shows, over the past 45 years this indicator reached a maximum value of 56.32 in 1980 and a minimum value of 22.18 in 2020.

Definition: Transport services (% of commercial service imports) covers all transport services (sea, air, land, internal waterway, space, and pipeline) performed by residents of one economy for those of another and involving the carriage of passengers, movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Excluded are freight insurance, which is included in insurance services; goods procured in ports by nonresident carriers and repairs of transport equipment, which are included in goods; repairs of railway facilities, harbors, and airfield facilities, which are included in construction services; and rental of carriers without crew, which is included in other services.

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

See also:

Year Value
1976 54.38
1977 43.80
1978 37.36
1979 47.67
1980 56.32
1981 47.41
1982 43.22
1983 42.56
1984 39.61
1985 45.06
1986 48.03
1987 49.48
1988 44.46
1989 39.55
1990 40.10
1991 41.49
1992 42.21
1993 43.15
1994 39.87
1995 38.89
1996 35.97
1997 36.77
1998 39.80
1999 38.61
2000 34.67
2001 35.37
2002 32.58
2003 35.28
2004 36.42
2005 35.29
2006 34.25
2007 35.29
2008 38.57
2009 29.42
2010 31.60
2011 30.20
2012 29.20
2013 27.86
2014 27.98
2015 26.62
2016 25.96
2017 24.21
2018 23.18
2019 22.34
2020 22.18
2021 24.49

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports