South Korea Imports

Imports to South Korea went up 2.4 percent year-on-year to USD 44.74 billion in April 2019, after a 6.7 percent decline in the previous month and above market forecasts of a 0.3 percent gain. Imports rose mainly driven by higher purchases of crude oil (11.1 percent); liquefied natural gas (4.3 percent); gasoline vehicles (34.4 percent); and leather bags (22.9 percent). Imports in South Korea averaged 13393.32 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.

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Calendar	GMT		Actual	Previous	Consensus
2019-02-01	12:00 AM	Imports YoY	-1.7%	1.2%	-5.3%
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		2.4%	0.3%
2019-07-01	12:00 AM	Imports YoY
2019-08-01	12:00 AM	Imports YoY

South Korea Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	4120.00	5205.66	13419.36	-4043.46	USD Million	[+]
Current Account	4820.00	3601.90	12409.70	-3845.00	USD Million	[+]
Current Account to GDP	4.70	4.90	10.70	-10.50	percent	[+]
Imports	44737.00	41896.18	48480.62	38.61	USD Million	[+]
Exports	48857.00	47101.84	55115.24	14.75	USD Million	[+]
External Debt	440598.50	449529.10	452718.00	80766.40	USD Million	[+]
Terms of Trade	95.10	95.90	237.00	86.10	Index Points	[+]
Foreign Direct Investment	3173570.00	7698151.00	10820073.00	0.00	USD Thousand	[+]
Capital Flows	6183.20	2822.40	12350.90	-3406.90	USD Million	[+]
Tourism Revenues	1645900.00	1107900.00	1765400.00	326500.00	USD Million	[+]
Tourist Arrivals	1535641.00	1201802.00	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	587.00	585.00	587.00	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 May of 2019.