Weapons Sales in South Korea increased to 827 USD Million in 2020 from 693 USD Million in 2019. source: SIPRI

Weapons Sales in South Korea averaged 203.74 USD Million from 1972 until 2020, reaching an all time high of 1056 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 July of 2021.

Weapons Sales in South Korea is expected to reach 800.00 USD Million by the end of 2021, 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 2022, according to our econometric models.

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South Korea Weapons Sales

Actual Previous Highest Lowest Dates Unit Frequency
827.00 693.00 1056.00 7.00 1972 - 2020 SIPRI TIV Million Yearly

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 4440.00 2940.00 13419.36 -4043.46 USD Million [+]
Current Account 10761.20 1909.90 12409.70 -3845.00 USD Million [+]
Current Account to GDP 3.50 3.70 10.70 -10.50 percent of GDP [+]
Imports 503600.00 47810.00 503600.00 38.61 USD Million [+]
Exports 54800.00 50730.00 55115.24 14.75 USD Million [+]
External Debt 565896.70 542448.40 565896.70 80766.40 USD Million [+]
Terms of Trade 95.30 92.50 228.10 82.90 points [+]
Capital Flows 8368.00 -1537.50 17386.80 -7782.60 USD Million [+]
Foreign Direct Investment 8270824.00 4738478.00 10820073.00 0.00 USD Thousand [+]
Tourism Revenues 845400.00 812500.00 2227900.00 326500.00 USD Million [+]
Tourist Arrivals 74463.00 70112.00 1703495.00 29415.00 [+]
Gold Reserves 104.45 104.45 104.51 13.00 Tonnes [+]
Weapons Sales 827.00 693.00 1056.00 7.00 SIPRI TIV Million [+]
Terrorism Index 0.66 0.30 2.62 0.00 [+]


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.