Rice — Terms of trade in Republic of Korea
Republic of Korea: Rice — Terms of trade was 67.49 % in 2024. ◆ Volatile
Rice — Terms of trade in Republic of Korea, 2014–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Republic of Korea recorded 67.49 % for rice — terms of trade in 2024.
That represents a change of down 9.1% on the previous year and up 36.2% over ten years.
Over the whole period, rice — terms of trade in Republic of Korea peaked at 452.72 % in 2018 and was at its lowest, 16.28 %, in 2017.
That places Republic of Korea 38th out of 66 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Rice — Terms of trade in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 49.54 % | — |
| 2015 | 154.45 % | +211.8% |
| 2016 | 176.06 % | +14.0% |
| 2017 | 16.28 % | -90.8% |
| 2018 | 452.72 % | +2680.8% |
| 2019 | 33.7 % | -92.6% |
| 2020 | 39.74 % | +17.9% |
| 2021 | 80.07 % | +101.5% |
| 2022 | 59.03 % | -26.3% |
| 2023 | 74.28 % | +25.8% |
| 2024 | 67.49 % | -9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 147.12 % | 16.28 % | 452.72 % | 6 |
| 2020s | 64.12 % | 39.74 % | 80.07 % | 5 |
Countries ranked near Republic of Korea
More agriculture & rural data for Republic of Korea
- Pulses, Total — Production, annual growth rate -9.8 % change on previous year (2024)
- Roots and Tubers, Total — Area harvested, annual growth rate 5.89 % change on previous year (2024)
- Roots and Tubers, Total — Yield, annual growth rate -1.89 % change on previous year (2024)
- Roots and Tubers, Total — Production, annual growth rate 3.89 % change on previous year (2024)
- Sheep and Goat Meat — Yield/Carcass Weight, annual growth rate 0 % change on previous year (2024)
- Sheep and Goat Meat — Production, annual growth rate 0.6449 % change on previous year (2024)
- Sheep and Goat Meat — Producing Animals/Slaughtered, annual growth 1.57 % change on previous year (2024)
- Sheep and Goats — Stocks, annual growth rate 1.28 % change on previous year (2024)
- Vegetables Primary — Area harvested, annual growth rate -0.2061 % change on previous year (2024)
- Vegetables Primary — Yield, annual growth rate 0.4263 % change on previous year (2024)
Frequently asked questions
- What is rice — terms of trade in Republic of Korea?
- Rice — terms of trade in Republic of Korea was 67.49 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest rice — terms of trade recorded in Republic of Korea?
- The highest recorded value was 452.72 % in 2018.
- What is the lowest rice — terms of trade recorded in Republic of Korea?
- The lowest recorded value was 16.28 % in 2017.
- How does Republic of Korea rank for rice — terms of trade?
- Republic of Korea ranks 38th out of 66 countries with data for 2024.
- Is rice — terms of trade rising or falling in Republic of Korea?
- Over the last ten years it is up 36.2%. The long-run trend across the full record is volatile.
- 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 Rice — Terms of trade. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
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