South Korea Imports

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. Imports in South Korea averaged 13482.08 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
2019-04-01	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	-11.1%	-1.8%	-10.1%
2019-08-01	12:00 AM	Imports YoY		-11.1%
2019-09-01	12:00 AM	Imports YoY
2019-10-01	12:00 AM	Imports YoY

South Korea Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	4168.00	2248.83	13419.36	-4043.46	USD Million	[+]
Current Account	4949.40	-664.80	12409.70	-3845.00	USD Million	[+]
Current Account to GDP	4.70	4.90	10.70	-10.50	percent	[+]
Imports	40010.00	43636.00	48480.62	38.61	USD Million	[+]
Exports	44180.00	45907.00	55115.24	14.75	USD Million	[+]
External Debt	440584.60	440598.50	452718.00	80766.40	USD Million	[+]
Terms of Trade	90.80	90.50	228.10	82.90	Index Points	[+]
Foreign Direct Investment	6704915.00	3173570.00	10820073.00	0.00	USD Thousand	[+]
Capital Flows	4591.40	363.00	12350.90	-3406.90	USD Million	[+]
Tourism Revenues	1645900.00	1107900.00	1765400.00	326500.00	USD Million	[+]
Tourist Arrivals	1485684.00	1635066.00	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 July of 2019.