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

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 August of 2020. source: SIPRI

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 4270.00 3632.06 13419.36 -4043.46 USD Million [+]
Current Account 6880.00 2286.10 12409.70 -3845.00 USD Million [+]
Current Account to GDP 3.70 4.70 10.70 -10.50 percent [+]
Imports 38561.00 35597.74 48480.62 38.61 USD Million [+]
Exports 42831.00 39229.80 55115.24 14.75 USD Million [+]
External Debt 485814.70 466978.70 485814.70 80766.40 USD Million [+]
Terms of Trade 95.70 99.00 228.10 82.90 points [+]
Capital Flows 7144.80 3080.80 12350.90 -6323.30 USD Million [+]
Foreign Direct Investment 4385466.00 3275220.00 10820073.00 0.00 USD Thousand [+]
Tourism Revenues 426600.00 351800.00 2227900.00 326500.00 USD Million [+]
Tourist Arrivals 30861.00 29415.00 1703495.00 29415.00 [+]
Gold Reserves 104.40 104.45 104.45 13.00 Tonnes [+]
Terrorism Index 0.30 0.29 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.