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