Korea - Transport services
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 |
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 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
