Yearly album export sales growth rate South Korea 2018-2023

In 2023, there was an around 13 percent increase in music albums exported from South Korea. While entertainment industries worldwide were hit hard by the start of the COVID-19 pandemic, including the K-pop industry, the overseas album sector actually saw a major jump of over 100 percent in 2020. International streaming also increased, with overseas performances being the most negatively affected sector, though it has since recovered. Between 2018 and 2023, album exports saw an average growth rate of approximately 35 percent.