Weapons Sales in South Korea decreased to 688 USD Million in 2019 from 1066 USD Million in 2018. source: SIPRI

Weapons Sales in South Korea averaged 186.03 USD Million from 1972 until 2019, reaching an all time high of 1066 USD Million in 2018 and a record low of 7 USD Million in 1994. South Korea Weapons Sales - values, historical data and charts - was last updated on March of 2021.

Weapons Sales in South Korea is expected to reach 550.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Weapons Sales is projected to trend around 800.00 USD Million in 2021, according to our econometric models.

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South Korea Weapons Sales

Actual Previous Highest Lowest Dates Unit Frequency
688.00 1066.00 1066.00 7.00 1972 - 2019 USD Million Yearly
constant 1990 prices

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 2707.00 3763.77 13419.36 -4043.46 USD Million [+]
Current Account 11510.00 9180.00 12409.70 -3845.00 USD Million [+]
Current Account to GDP 3.50 3.70 10.70 -10.50 percent [+]
Imports 42105.00 44254.74 48480.62 38.61 USD Million [+]
Exports 44812.00 48018.51 55115.24 14.75 USD Million [+]
External Debt 542448.40 510961.10 542448.40 80766.40 USD Million [+]
Terms of Trade 94.40 96.20 228.10 82.90 points [+]
Capital Flows 8464.20 9713.80 17386.80 -7782.60 USD Million [+]
Foreign Direct Investment 7859000.00 5226000.00 10820073.00 0.00 USD Thousand [+]
Tourism Revenues 786700.00 856900.00 2227900.00 326500.00 USD Million [+]
Tourist Arrivals 62344.00 61764.00 1703495.00 29415.00 [+]
Gold Reserves 104.45 104.51 104.51 13.00 Tonnes [+]
Terrorism Index 0.66 0.30 2.62 0.00 [+]
Weapons Sales 688.00 1066.00 1066.00 7.00 USD Million [+]


South Korea Weapons Sales
Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.