Raw milk of cattle — Terms of trade in Republic of Korea

Republic of Korea: Raw milk of cattle — Terms of trade was 98.14 % in 2024. ▲ Rising

Latest (2024)
98.14 %
Change on year
up 10.2%
World rank
42nd
of 93 countries
All-time high
111.27 %
in 2015
All-time low
40.04 %
in 2010
Years of data
15
2010–2024

Raw milk of cattle — Terms of trade in Republic of Korea, 2010–2024

02550751002010201720242010: 40 %2011: 106.7 %2012: 77.1 %2013: 74.4 %2014: 84.5 %2015: 111.3 %2016: 110.5 %2017: 99.1 %2018: 99.9 %2019: 101 %2020: 101.5 %2021: 101.2 %2022: 96.1 %2023: 89.1 %2024: 98.1 %

Source: Food and Agriculture Organization of the United Nations. Measured in %.

Analysis

In 2024, raw milk of cattle — terms of trade in Republic of Korea stood at 98.14 %.

The figure is up 10.2% on the previous year and up 16.1% over ten years.

Over the whole period, raw milk of cattle — terms of trade in Republic of Korea peaked at 111.27 % in 2015 and was at its lowest, 40.04 %, in 2010.

Republic of Korea ranks 42nd of 93 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 15 years of available data.

Raw milk of cattle — Terms of trade in Republic of Korea, year by year

Annual values for Raw milk of cattle — Terms of trade in Republic of Korea, 2010 to 2024.
Year % Change
2010 40.04 %
2011 106.65 % +166.4%
2012 77.1 % -27.7%
2013 74.41 % -3.5%
2014 84.54 % +13.6%
2015 111.27 % +31.6%
2016 110.53 % -0.7%
2017 99.09 % -10.4%
2018 99.9 % +0.8%
2019 101.04 % +1.1%
2020 101.47 % +0.4%
2021 101.18 % -0.3%
2022 96.07 % -5.1%
2023 89.08 % -7.3%
2024 98.14 % +10.2%

Biggest year-on-year movements

Years where Raw milk of cattle — Terms of trade in Republic of Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2011 +166.4% 40.04 % 106.65 %

Averages by decade

DecadeAverage LowestHighest Years
2010s 90.46 % 40.04 % 111.27 % 10
2020s 97.19 % 89.08 % 101.47 % 5

Countries ranked near Republic of Korea

  1. 39 Poland 100.87 % compare
  2. 40 Senegal 99.53 % compare
  3. 41 Germany 99.15 % compare
  4. 43 Trinidad and Tobago 97.95 % compare
  5. 44 India 97.45 % compare
  6. 45 United Arab Emirates 95.84 % compare

See the full ranking of 99 places →

More agriculture & rural data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is raw milk of cattle — terms of trade in Republic of Korea?
Raw milk of cattle — terms of trade in Republic of Korea was 98.14 % in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest raw milk of cattle — terms of trade recorded in Republic of Korea?
The highest recorded value was 111.27 % in 2015.
What is the lowest raw milk of cattle — terms of trade recorded in Republic of Korea?
The lowest recorded value was 40.04 % in 2010.
How does Republic of Korea rank for raw milk of cattle — terms of trade?
Republic of Korea ranks 42nd out of 93 countries with data for 2024.
Is raw milk of cattle — terms of trade rising or falling in Republic of Korea?
Over the last ten years it is up 16.1%. The long-run trend across the full record is rising.
Where does this Republic of Korea data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Raw milk of cattle — Terms of trade. Statizoid updates them automatically from the source API.

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Raw milk of cattle — Terms of trade in Republic of Korea. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 14 September 2026, from https://agriculture.statizoid.com/stat/raw-milk-of-cattle-terms-of-trade/republic-of-korea/

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About this data

Indicator
Raw milk of cattle — Terms of trade
Unit
%
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
99 places, 1,373 data points, 2010–2024
Last refreshed

The food and agricultural trade indicators dataset is based on trade, production and gross domestic product (GDP) data. Agri-food trade data are collected, processed and disseminated by FAO according to the standard International Merchandise Trade Statistics (IMTS) Methodology. The data is mainly provided by UNSD, Eurostat, and other national authorities as needed. The source data is checked for outliers, trade partner data is used for non-reporting countries or missing cells, and data on food aid is added to take total cross-border trade flows into account. The trade database includes the following variables: export quantity, export value, import quantity, and import value. It includes all food and agricultural products imported/exported annually by all countries in the world. Production data details are available at https://www.fao.org/faostat/en/#data/QCL and GDP data details are available at https://www.fao.org/faostat/en/#data/MK