Imports to South Korea fell 5.3 percent year-on-year to USD 42.7 billion in January 2020, following a 0.7 percent decrease in the previous month and compared with market expectations of a 6.9 percent decline, mainly due to lower purchases of bituminous coal, semiconductor manufacturing equipment, and gasoline passenger vehicles. South Korea Imports - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Imports in South Korea averaged 13789.78 USD Million from 1966 until 2020, 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. 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 2021, according to our econometric models.