Imports in South Korea increased to 43699 USD Million in December from 40716.86 USD Million in November of 2019. Imports in South Korea averaged 13745.07 USD Million from 1966 until 2019, 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. source: Ministry of Trade, Industry & Energy (MOTIE)

Imports in South Korea is expected to be 41500.00 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 45000.00 in 12 months time. In the long-term, the South Korea Imports is projected to trend around 45900.00 USD Million in 2020, according to our econometric models.

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South Korea Imports

Actual Previous Highest Lowest Dates Unit Frequency
43699.00 40716.86 48480.62 38.61 1966 - 2019 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 12:00 AM Sep -5.6% -4.2% -3% -2%
2019-11-01 12:00 AM Oct -14.6% -5.6% -13.2%
2019-12-01 12:00 AM Nov -13.0% -14.6% -11.9%
2020-01-01 12:00 AM Dec -0.7% -13% -4.6% -5.2%


News Stream
2019-10-01
South Korea Imports Fall More than Estimated
Imports to South Korea slumped 5.6 percent from a year earlier to USD 38.74 billion in September 2019, compared to market consensus of a 3 percent fall and after a 4.2 percent drop in the preceding month.

2019-09-01
South Korea Imports Drop More than Forecast
Imports to South Korea slumped 4.2 percent from a year earlier to USD 42.48 billion in August 2019, compared to market consensus of a 4 percent fall and after a 2.7 percent drop in the preceding month.

2019-06-30
South Korea Imports Fall More than Estimated
Imports to South Korea dropped by 11.1 percent year-on-year to USD 40.01 billion in June 2019, accelerating from a marginally revised 1.8 percent fall in the previous month and compared with market consensus of a 10.1 percent decline.

2019-06-01
South Korea Imports Drop Unexpectedly
Imports to South Korea dropped unexpectedly by 1.9 percent year-on-year to USD 43.64 billion in May 2019, against market estimates of a 0.4 percent growth and following an upwardly revised 2.6 percent in a month earlier. Purchases of crude oil fell 13.5 percent to 82.3 million barrels.

2019-04-01
South Korea Imports Drop More than Estimated
Imports from South Korea shrank 6.7 percent year-on-year to USD 41.89 billion in March 2019, worse than market expectations of a 4.9 percent fall and after a 12.6 percent decline in a month earlier.

2019-03-01
South Korea Imports Fall More than Expected
Imports to South Korea decreased by 12.6 percent from a year earlier in February of 2019 to USD 36.47 billion, worse than market consensus of a 11.6 percent fall and after a 1.7 percent drop in a month earlier.


South Korea Imports
South Korea imports mainly petroleum, petroleum products, related materials (16 percent of total imports), electrical machinery, apparatus, appliances and electrical parts thereof (13 percent) and food, live animals (5 percent) and natural gas (5 percent). Other imports include metalliferous ores, metal scrap, iron, steel, industrial machinery and equipment. Main import partners are China (21 percent of total imports), Japan (11 percent), the United States (10 percent) and Germany (5 percent). Others include: Saudi Arabia, Taiwan, Qatar, Australia (4 percent each) and Russia (3 percent).

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 2017.00 3336.48 13419.36 -4043.46 USD Million [+]
Current Account 5974.80 7827.20 12409.70 -3845.00 USD Million [+]
Current Account to GDP 4.70 4.90 10.70 -10.50 percent [+]
Imports 43699.00 40716.86 48480.62 38.61 USD Million [+]
Exports 45716.00 44053.33 55115.24 14.75 USD Million [+]
External Debt 458199.90 462061.90 462061.90 80766.40 USD Million [+]
Terms of Trade 90.80 91.40 228.10 82.90 points [+]
Foreign Direct Investment 9844064.00 3612508.00 10820073.00 0.00 USD Thousand [+]
Capital Flows 5336.40 10227.60 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1627000.00 1788400.00 1788400.00 326500.00 USD Million [+]
Tourist Arrivals 1456429.00 1656195.00 1703495.00 213006.00 [+]
Gold Reserves 104.45 104.40 104.45 13.00 Tonnes [+]
Weapons Sales 1083.00 751.00 1083.00 7.00 USD Million [+]
Terrorism Index 0.30 0.29 2.62 0.00 [+]

South Korea Imports by Country Last Previous
China 9024110.00 8965357.00 USD THO Dec/19
United States 5870811.00 5269967.00 USD THO Dec/19
European Union 5049488.00 4592108.00 USD THO Dec/19
Japan 3924814.00 3522140.00 USD THO Dec/19
Australia 1985642.00 1481010.00 USD THO Dec/19
Germany 1959106.00 1601553.00 USD THO Dec/19
Saudi Arabia 1526967.00 1674983.00 USD THO Dec/19
Taiwan 1503655.00 1358660.00 USD THO Dec/19
Russia 1239271.00 1248121.00 USD THO Dec/19
Qatar 1158662.00 1051316.00 USD THO Dec/19
United Arab Emirates 1125017.00 836529.00 USD THO Dec/19
Malaysia 942914.00 757152.00 USD THO Dec/19
Kuwait 928708.00 928014.00 USD THO Dec/19
Singapore 690799.00 469348.00 USD THO Dec/19
Indonesia 677989.00 621321.00 USD THO Dec/19
Mexico 616245.00 435495.00 USD THO Dec/19
Italy 587218.00 544176.00 USD THO Dec/19
India 526602.00 461331.00 USD THO Dec/19
France 492724.00 458970.00 USD THO Dec/19
Netherlands 425146.00 259528.00 USD THO Dec/19
South Korea Imports by Category Last Previous
Crude Materials & Fuels 21867000.00 20456000.00 USD THO Dec/19
Capital Goods 14323000.00 13781000.00 USD THO Dec/19
Crude Materials & Fuels - Fuel 11336000.00 10314000.00 USD THO Dec/19
Consumer Goods 7508000.00 6479000.00 USD THO Dec/19
Crude Petroleum 5892000.00 5920000.00 USD THO Dec/19
Semi-conductor 4049000.00 3813000.00 USD THO Dec/19
Chemicals 4024000.00 3756000.00 USD THO Dec/19
Consumer Goods - Durable Consumer Goods 3263000.00 2570000.00 USD THO Dec/19
Information & Communication Equipment 2195000.00 2684000.00 USD THO Dec/19
Crude Materials & Fuels - Minerals 1947000.00 1685000.00 USD THO Dec/19
Capital Goods - Transport Equipment 1164000.00 1208000.00 USD THO Dec/19
Consumer Goods - Cereals 662000.00 510000.00 USD THO Dec/19
Crude Materials & Fuels - Textile 334000.00 337000.00 USD THO Dec/19
Crude Materials & Fuels - Oilpaper 95000.00 90000.00 USD THO Dec/19
Consumer Goods - Durable Cons Goodsgold 92000.00 68000.00 USD THO Dec/19
Domestic Use 29017.00 26396.00 USD Million Dec/19
Capital Goods - Domestic Use 9538.00 8741.00 USD Million Dec/19
Consumer Goods - Domestic Use 7160.00 6131.00 USD Million Dec/19
Fuels - Use 6459.00 6010.00 USD Million Dec/19
Fuels - Domestic Use 4876.00 4304.00 USD Million Dec/19

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category