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. Imports in South Korea averaged 13440.69 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.

Imports in South Korea is expected to be 43860.00 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 44500.00 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.

South Korea Imports
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-01 12:00 AM Imports YoY -12.6% -1.7% -11.6%
2019-04-01 12:00 AM Imports YoY -6.7% -12.6% -4.9%
2019-05-01 12:00 AM Imports YoY 2.4% -6.7% 0.3%
2019-06-01 12:00 AM Imports YoY -1.9% 2.6% 0.4%
2019-07-01 12:00 AM Imports YoY -1.9%
2019-08-01 12:00 AM Imports YoY
2019-09-01 12:00 AM Imports YoY


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 2271.00 4003.33 13419.36 -4043.46 USD Million [+]
Current Account -660.00 4820.00 12409.70 -3845.00 USD Million [+]
Current Account to GDP 4.70 4.90 10.70 -10.50 percent [+]
Imports 43636.00 44826.01 48480.62 38.61 USD Million [+]
Exports 45907.00 48829.34 55115.24 14.75 USD Million [+]
External Debt 440584.60 440598.50 452718.00 80766.40 USD Million [+]
Terms of Trade 90.50 91.40 228.10 82.90 Index Points [+]
Foreign Direct Investment 3173570.00 7698151.00 10820073.00 0.00 USD Thousand [+]
Capital Flows 363.00 6183.20 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1645900.00 1107900.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1635066.00 1535641.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.29 0.61 2.62 0.00 [+]
Weapons Sales 1083.00 751.00 1083.00 7.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
43636.00 44826.01 48480.62 38.61 1966 - 2019 USD Million Monthly




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