Agricultural export subsidies in South Korea

South Korea: Agricultural export subsidies was 25.37 million millions of current united states dollars in 2023. ▲ Rising

Latest (2023)
25.37 million millions of current united states dollars
Change on year
up 7.0%
World rank
4th
of 32 countries
All-time high
35.03 million millions of current united states dollars
in 2017
All-time low
1.43 million millions of current united states dollars
in 1995
Years of data
29
1995–2023

Agricultural export subsidies in South Korea, 1995–2023

010.0M20.0M30.0M40.0M1995200920231995: 1.4M millions of current united states dollars1996: 3.0M millions of current united states dollars1997: 3.3M millions of current united states dollars1998: 2.6M millions of current united states dollars1999: 12.6M millions of current united states dollars2000: 16.9M millions of current united states dollars2001: 20.1M millions of current united states dollars2002: 21.3M millions of current united states dollars2003: 20.6M millions of current united states dollars2004: 22.4M millions of current united states dollars2005: 28.2M millions of current united states dollars2006: 30.5M millions of current united states dollars2007: 31.2M millions of current united states dollars2008: 29.7M millions of current united states dollars2009: 31.1M millions of current united states dollars2010: 34.1M millions of current united states dollars2011: 32.0M millions of current united states dollars2012: 32.8M millions of current united states dollars2013: 28.4M millions of current united states dollars2014: 30.0M millions of current united states dollars2015: 29.1M millions of current united states dollars2016: 31.6M millions of current united states dollars2017: 35.0M millions of current united states dollars2018: 24.1M millions of current united states dollars2019: 29.5M millions of current united states dollars2020: 33.4M millions of current united states dollars2021: 30.3M millions of current united states dollars2022: 23.7M millions of current united states dollars2023: 25.4M millions of current united states dollars

Source: World Trade Organization – processed by Our World in Data. Measured in millions of current united states dollars.

Analysis

The most recent figure for agricultural export subsidies in South Korea is 25.37 million millions of current united states dollars, measured in 2023.

Compared with earlier readings it is up 7.0% on the previous year and down 10.5% over ten years.

Over the whole period, agricultural export subsidies in South Korea peaked at 35.03 million millions of current united states dollars in 2017 and was at its lowest, 1.43 million millions of current united states dollars, in 1995.

That places South Korea 4th out of 32 countries with data for 2023, putting it in the top 10%.

The long-run direction has been consistently rising across the 29 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 4.57 million millions of current united states dollars 1.43 million millions of current united states dollars 12.62 million millions of current united states dollars 5
2000s 25.20 million millions of current united states dollars 16.89 million millions of current united states dollars 31.21 million millions of current united states dollars 10
2010s 30.66 million millions of current united states dollars 24.11 million millions of current united states dollars 35.03 million millions of current united states dollars 10
2020s 28.18 million millions of current united states dollars 23.70 million millions of current united states dollars 33.36 million millions of current united states dollars 4

Countries ranked near South Korea

  1. 1 Czechia 51.23 million millions of current united states dollars compare
  2. 2 Morocco 33.08 million millions of current united states dollars compare
  3. 3 Poland 28.91 million millions of current united states dollars compare
  4. 5 Turkey 17.22 million millions of current united states dollars compare
  5. 6 Hungary 14.44 million millions of current united states dollars compare
  6. 7 India 12.05 million millions of current united states dollars compare

See the full ranking of 32 places →

More agriculture & rural data for South Korea

All data for South Korea →

Frequently asked questions

What is agricultural export subsidies in South Korea?
Agricultural export subsidies in South Korea was 25.37 million millions of current united states dollars in 2023, according to World Trade Organization – processed by Our World in Data.
What is the highest agricultural export subsidies recorded in South Korea?
The highest recorded value was 35.03 million millions of current united states dollars in 2017.
What is the lowest agricultural export subsidies recorded in South Korea?
The lowest recorded value was 1.43 million millions of current united states dollars in 1995.
How does South Korea rank for agricultural export subsidies?
South Korea ranks 4th out of 32 countries with data for 2023.
Is agricultural export subsidies rising or falling in South Korea?
Over the last ten years it is down 10.5%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from World Trade Organization – processed by Our World in Data, published as part of Agricultural export subsidies. Statizoid updates them automatically from the source API.

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About this data

Indicator
Agricultural export subsidies
Unit
millions of current united states dollars
Source
World Trade Organization – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
32 places, 621 data points, 1995–2023
Last refreshed

Agricultural export subsidies (millions of current United States dollars)