Imports to South Korea surged 0.7 percent year-on-year to USD 50.36 billion in June 2021, compared with market forecasts of a 33 percent increase and after a 37.9 percent gain a month earlier, as domestic demand quickened in the wake of the coronavirus pandemic. source: Ministry of Trade, Industry & Energy (MOTIE)

Imports in South Korea averaged 15184.35 USD Million from 1966 until 2021, reaching an all time high of 503600 USD Million in June of 2021 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. South Korea Imports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Imports in South Korea is expected to be 43000.00 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 44000.00 in 12 months time. In the long-term, the South Korea Imports is projected to trend around 45000.00 USD Million in 2022, according to our econometric models.

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South Korea Imports

Actual Previous Highest Lowest Dates Unit Frequency
503600.00 47810.00 503600.00 38.61 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 12:00 AM Mar 18.8% 14.1% 17.5%
2021-05-01 12:00 AM Apr 33.9% 18.8% 31.2%
2021-06-01 12:00 AM May 37.9% 33.9% 40.5%
2021-07-01 12:00 AM Jun 40.7% 37.9% 33%


News Stream
South Korea Import Growth Accelerates
Imports to South Korea surged 40.7 percent year-on-year to USD 50.36 billion in June 2021, compared with market forecasts of a 33 percent increase and after a 37.9 percent gain a month earlier, as domestic demand quickened in the wake of the coronavirus pandemic.
2021-07-01
South Korea Imports Rise Less than Expected
Imports to South Korea climbed 37.9 percent year-on-year to USD 47.81 billion in May 2021, compared with market forecasts of a 40.5 percent jump and after a 33.9 percent increase a month earlier, as domestic demand quickened in the wake of the coronavirus pandemic.
2021-06-01
South Korea Imports Hit Record High
Imports to South Korea climbed 33.9 percent year-on-year to a record high USD 50.80 billion in April 2021, beating market forecasts of a 31.2 percent growth and after an 18.8 percent increase a month earlier, as domestic demand accelerated in the wake of the coronavirus pandemic.
2021-05-01
South Korea Imports Rise More than Estimated
Imports to South Korea surged 18.8 percent year-on-year to USD 49.6 billion in March of 2021, accelerating from an upwardly revised 14.1 percent gain in February and beating market expectations of a 17.5 percent growth, as domestic demand improved further on the back of a further recovery in the economy from the worst of COVID-19 shocks, a preliminary estimate showed.
2021-04-01

South Korea Imports
In 2019 imports to South Korea dropped 6 percent to USD 503.2 billion from the previous year's all-time high, as domestic production and facility investment dwindled. Main imports were mineral fuels, mineral oils, bituminous substances (25 percent of total imports), electrical machinery and equipment (18 percent), nuclear reactors, boilers, machinery and mechanical (10 percent), optical, photographic, cinematographic, measuring (4 percent), road vehicles (3 percent), iron and steel (3 percent), ores, slag, ash (3 percent), organic chemicals (3 percent), plastics and articles thereof (2 percent), miscellaneous chemicals products (2 percent), and inorganic chemicals, compounds of precious metals (2 percent). China was the biggest source of imports (21 percent of total imports), followed by the US (12 percent), Japan (9 percent), Saudi Arabia, Vietnam, Australia and Germany (4 percent each), Taiwan, Russia and Qatar (3 percent each), and Kuwait, Malaysia, the UAE and Indonesia (2 percent each).
South Korea Imports by Country Last Previous
China 11421000.00 10868000.00 USD THO Jun/21
United States 6495000.00 6436000.00 USD THO Jun/21
European Union 5566000.00 5559000.00 USD THO Jun/21
Japan 4601000.00 3968000.00 USD THO Jun/21
Australia 2273235.00 2069603.00 USD THO Jun/21
Germany 1849646.00 2024291.00 USD THO Jun/21
Saudi Arabia 1842454.00 1758662.00 USD THO Jun/21
Taiwan 1818921.00 1907989.00 USD THO Jun/21
Russia 1310054.00 1294113.00 USD THO Jun/21
Singapore 982530.00 808988.00 USD THO Jun/21
Malaysia 902233.00 923695.00 USD THO Jun/21
Indonesia 749736.00 708782.00 USD THO Jun/21
Brazil 745921.00 495342.00 USD THO Jun/21
Italy 744438.00 716764.00 USD THO Jun/21
Netherlands 717897.00 674602.00 USD THO Jun/21
Qatar 704323.00 777223.00 USD THO Jun/21
Kuwait 663016.00 588200.00 USD THO Jun/21
Thailand 650114.00 598456.00 USD THO Jun/21
Canada 623996.00 653095.00 USD THO Jun/21
India 586000.00 583000.00 USD THO Jun/21
South Korea Imports by Category Last Previous
Crude Materials & Fuels 24432000.00 22470000.00 USD THO Jun/21
Capital Goods 17473000.00 16796000.00 USD THO Jun/21
Crude Materials & Fuels - Fuel 10170000.00 9699000.00 USD THO Jun/21
Consumer Goods 8446000.00 8545000.00 USD THO Jun/21
Crude Petroleum 5525000.00 5326000.00 USD THO Jun/21
Chemicals 5004000.00 4773000.00 USD THO Jun/21
Semi-conductor 4959000.00 4828000.00 USD THO Jun/21
Consumer Goods - Durable Consumer Goods 3816000.00 4002000.00 USD THO Jun/21
Crude Materials & Fuels - Minerals 2924000.00 2373000.00 USD THO Jun/21
Information & Communication Equipment 2262000.00 2564000.00 USD THO Jun/21
Capital Goods - Transport Equipment 1540000.00 927000.00 USD THO Jun/21
Consumer Goods - Cereals 737000.00 780000.00 USD THO Jun/21
Crude Materials & Fuels - Textile 377000.00 375000.00 USD THO Jun/21
Crude Materials & Fuels - Oilpaper 196000.00 201000.00 USD THO Jun/21
Consumer Goods - Durable Cons Goodsgold 176000.00 213000.00 USD THO Jun/21
Domestic Use 34475.00 32780.00 USD Million Jun/21
Capital Goods - Domestic Use 11731.00 11209.00 USD Million Jun/21
Consumer Goods - Domestic Use 8082.00 8225.00 USD Million Jun/21
Fuels - Use 5846.00 5786.00 USD Million Jun/21
Capital Goods - Use 5743.00 5586.00 USD Million Jun/21

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