Arms exports in South Korea
South Korea: Arms exports was 964.00 million SIPRI trend indicator values in 2024. ◆ Volatile
Arms exports in South Korea, 1972–2024
Source: Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI). Measured in SIPRI trend indicator values.
Analysis
South Korea recorded 964.00 million SIPRI trend indicator values for arms exports in 2024.
That represents a change of up 52.8% on the previous year and up 342.2% over ten years.
Over the whole period, arms exports in South Korea peaked at 1.05 billion SIPRI trend indicator values in 2018 and was at its lowest, 7.00 million SIPRI trend indicator values, in 1994.
South Korea ranks 8th of 70 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 123.00 million SIPRI trend indicator values | 105.00 million SIPRI trend indicator values | 141.00 million SIPRI trend indicator values | 2 |
| 1980s | 78.62 million SIPRI trend indicator values | 28.00 million SIPRI trend indicator values | 130.00 million SIPRI trend indicator values | 8 |
| 1990s | 45.62 million SIPRI trend indicator values | 7.00 million SIPRI trend indicator values | 118.00 million SIPRI trend indicator values | 8 |
| 2000s | 143.22 million SIPRI trend indicator values | 10.00 million SIPRI trend indicator values | 278.00 million SIPRI trend indicator values | 9 |
| 2010s | 423.00 million SIPRI trend indicator values | 92.00 million SIPRI trend indicator values | 1.05 billion SIPRI trend indicator values | 10 |
| 2020s | 619.40 million SIPRI trend indicator values | 220.00 million SIPRI trend indicator values | 964.00 million SIPRI trend indicator values | 5 |
Countries ranked near South Korea
- 5 Russia 1.34 billion SIPRI trend indicator values compare
- 6 China 1.13 billion SIPRI trend indicator values compare
- 7 Israel 1.03 billion SIPRI trend indicator values compare
- 9 United Kingdom 756.00 million SIPRI trend indicator values compare
- 10 Norway 710.00 million SIPRI trend indicator values compare
- 11 Spain 639.00 million SIPRI trend indicator values compare
More public sector data for South Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Tax revenue 13.3% (2024)
- Taxes on income, profits and capital gains 27.5% (2024)
- Taxes on goods and services 17.0% (2024)
- Net investment in nonfinancial assets 1.3% (2024)
- Net lending (+) / net borrowing (-) -1.8% (2024)
- Interest payments 5.3% (2024)
- Grants and other revenue 19.8% (2024)
- Interest payments 4.4% (2023)
- Other taxes 4.7% (2024)
Frequently asked questions
- What is arms exports in South Korea?
- Arms exports in South Korea was 964.00 million SIPRI trend indicator values in 2024, according to Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI).
- What is the highest arms exports recorded in South Korea?
- The highest recorded value was 1.05 billion SIPRI trend indicator values in 2018.
- What is the lowest arms exports recorded in South Korea?
- The lowest recorded value was 7.00 million SIPRI trend indicator values in 1994.
- How does South Korea rank for arms exports?
- South Korea ranks 8th out of 70 countries with data for 2024.
- Is arms exports rising or falling in South Korea?
- Over the last ten years it is up 342.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI), published as part of Arms exports (SIPRI trend indicator values). Statizoid updates them automatically from the source API.
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About this data
Arms transfers (exports) cover the volume of transfers of major arms through sales and gifts, and those made through manufacturing licenses. Data cover major conventional weapons such as aircraft, armored vehicles, artillery, radar systems, missiles, and ships. Figures are SIPRI Trend Indicator Values (TIVs). A '0' indicates that the volume of deliveries is between 0 and 0.5 million SIPRI TIV.