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

Transport services (% of service imports, BoP) in Korea was 24.21 as of 2021. Its highest value over the past 45 years was 54.07 in 1980, while its lowest value was 21.90 in 2020.

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 51.55
1977 42.22
1978 36.31
1979 46.05
1980 54.07
1981 45.12
1982 41.52
1983 41.08
1984 38.51
1985 43.48
1986 46.21
1987 47.80
1988 43.20
1989 38.59
1990 39.32
1991 40.59
1992 41.23
1993 42.15
1994 39.10
1995 38.27
1996 35.44
1997 36.19
1998 39.11
1999 38.03
2000 34.23
2001 34.88
2002 32.18
2003 34.88
2004 36.02
2005 34.86
2006 33.84
2007 34.87
2008 38.20
2009 29.17
2010 31.29
2011 29.87
2012 28.94
2013 27.58
2014 27.73
2015 26.30
2016 25.64
2017 23.89
2018 22.91
2019 22.04
2020 21.90
2021 24.21

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