Imports to South Korea surged 13.9 percent year-on-year to USD 42.11 billion in February of 2021, accelerating from a 3.6 percent gain in January and beating market expectations of a 12.3 percent growth, as domestic demand improved on the back of a further recovery in the economy from the worst of COVID-19 shocks, a preliminary estimate showed. source: Ministry of Trade, Industry & Energy (MOTIE)
Imports in South Korea averaged 14291.41 USD Million from 1966 until 2021, reaching an all time high of 48480.62 USD Million in October of 2018 and a record low of 38.61 USD Million in January of 1966. This page provides the latest reported value for - South Korea Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Imports - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Imports in South Korea is expected to be 42289.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in South Korea to stand at 45900.00 in 12 months time. In the long-term, the South Korea Imports is projected to trend around 45900.00 USD Million in 2022, according to our econometric models.