Net barter terms of trade index in Republic of Korea
Republic of Korea: Net barter terms of trade index was 88.3 2015 = 100 in 2024. ▼ Falling
Net barter terms of trade index in Republic of Korea, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
The most recent figure for net barter terms of trade index in Republic of Korea is 88.3 2015 = 100, measured in 2024.
That represents a change of up 3.4% on the previous year and down 1.1% over ten years.
Over the whole period, net barter terms of trade index in Republic of Korea peaked at 131.2 2015 = 100 in 2005 and was at its lowest, 85 2015 = 100, in 2012.
Republic of Korea ranks 174th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Net barter terms of trade index in Republic of Korea, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 131.2 2015 = 100 | — |
| 2006 | 119.3 2015 = 100 | -9.1% |
| 2007 | 111.7 2015 = 100 | -6.4% |
| 2008 | 99.6 2015 = 100 | -10.8% |
| 2009 | 103.9 2015 = 100 | +4.3% |
| 2010 | 96.3 2015 = 100 | -7.3% |
| 2011 | 86.5 2015 = 100 | -10.2% |
| 2012 | 85 2015 = 100 | -1.7% |
| 2013 | 87.8 2015 = 100 | +3.3% |
| 2014 | 89.3 2015 = 100 | +1.7% |
| 2015 | 100 2015 = 100 | +12.0% |
| 2016 | 101 2015 = 100 | +1.0% |
| 2017 | 100.6 2015 = 100 | -0.4% |
| 2018 | 95.4 2015 = 100 | -5.2% |
| 2019 | 91.5 2015 = 100 | -4.1% |
| 2020 | 94.9 2015 = 100 | +3.7% |
| 2021 | 92.3 2015 = 100 | -2.7% |
| 2022 | 85.5 2015 = 100 | -7.4% |
| 2023 | 85.4 2015 = 100 | -0.1% |
| 2024 | 88.3 2015 = 100 | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 113.14 2015 = 100 | 99.6 2015 = 100 | 131.2 2015 = 100 | 5 |
| 2010s | 93.34 2015 = 100 | 85 2015 = 100 | 101 2015 = 100 | 10 |
| 2020s | 89.28 2015 = 100 | 85.4 2015 = 100 | 94.9 2015 = 100 | 5 |
Countries ranked near Republic of Korea
More private sector data for Republic of Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is net barter terms of trade index in Republic of Korea?
- Net barter terms of trade index in Republic of Korea was 88.3 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest net barter terms of trade index recorded in Republic of Korea?
- The highest recorded value was 131.2 2015 = 100 in 2005.
- What is the lowest net barter terms of trade index recorded in Republic of Korea?
- The lowest recorded value was 85 2015 = 100 in 2012.
- How does Republic of Korea rank for net barter terms of trade index?
- Republic of Korea ranks 174th out of 206 countries with data for 2024.
- Is net barter terms of trade index rising or falling in Republic of Korea?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from UN Conference on Trade and Development (UNCTAD), published as part of Net barter terms of trade index (2015 = 100). Statizoid updates them automatically from the source API.
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About this data
Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.