Imports to South Korea surged 44.0 percent year-on-year to USD 51.56 billion in August 2021, compared with market expectations of 46.4 percent and following a 38.1 percent increase a month earlier, amid solid domestic demand following an acceleration in COVID-19 vaccinations. source: Ministry of Trade, Industry & Energy (MOTIE)

Imports in South Korea averaged 14617.89 USD Million from 1966 until 2021, reaching an all time high of 53662.36 USD Million in July 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 September 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. 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
51561.00 53662.36 53662.36 38.61 1966 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
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%
2021-08-01 12:00 AM Jul 38.2% 40.7% 42%
2021-09-01 12:00 AM Aug 44% 38.1% 46.4%


News Stream
South Korea Import Growth Accelerates
Imports to South Korea surged 44.0 percent year-on-year to USD 51.56 billion in August 2021, compared with market expectations of 46.4 percent and following a 38.1 percent increase a month earlier, amid solid domestic demand following an acceleration in COVID-19 vaccinations.
2021-09-01
South Korea Imports Surge 38.2% YoY in July
Imports to South Korea jumped 38.2 percent year-on-year to an all-time high of USD 53.6 billion in July 2021, but easing from a 40.7 percent surge a month earlier and compared with market forecasts of a 42 percent increase, amid imposing stricter restrictions in Seoul and some neighbouring regions.
2021-08-01
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
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 11730000.00 11519000.00 USD THO Aug/21
United States 6211000.00 6345000.00 USD THO Aug/21
European Union 5203000.00 6295000.00 USD THO Aug/21
Japan 4453000.00 4534000.00 USD THO Aug/21
Australia 2759355.00 3192587.00 USD THO Aug/21
Saudi Arabia 2201862.00 1835987.00 USD THO Aug/21
Taiwan 2026328.00 2048829.00 USD THO Aug/21
Germany 1709512.00 1907967.00 USD THO Aug/21
Russia 1538600.00 1186871.00 USD THO Aug/21
Qatar 1084681.00 883793.00 USD THO Aug/21
Indonesia 1028371.00 1073997.00 USD THO Aug/21
Singapore 743681.00 832022.00 USD THO Aug/21
India 736000.00 712000.00 USD THO Aug/21
Mexico 726114.00 786838.00 USD THO Aug/21
Malaysia 709062.00 891194.00 USD THO Aug/21
Italy 641374.00 760516.00 USD THO Aug/21
United Arab Emirates 604574.00 553367.00 USD THO Aug/21
Kuwait 604149.00 797943.00 USD THO Aug/21
Thailand 601859.00 622874.00 USD THO Aug/21
France 566384.00 561947.00 USD THO Aug/21
South Korea Imports by Category Last Previous
Crude Materials & Fuels 26078000.00 27043000.00 USD THO Aug/21
Capital Goods 17364000.00 18235000.00 USD THO Aug/21
Crude Materials & Fuels - Fuel 11881000.00 12128000.00 USD THO Aug/21
Consumer Goods 8123000.00 8385000.00 USD THO Aug/21
Crude Petroleum 6085000.00 5767000.00 USD THO Aug/21
Semi-conductor 5443000.00 5501000.00 USD THO Aug/21
Chemicals 5018000.00 4852000.00 USD THO Aug/21
Consumer Goods - Durable Consumer Goods 3290000.00 3641000.00 USD THO Aug/21
Crude Materials & Fuels - Minerals 2767000.00 3290000.00 USD THO Aug/21
Information & Communication Equipment 2766000.00 2603000.00 USD THO Aug/21
Capital Goods - Transport Equipment 1140000.00 1264000.00 USD THO Aug/21
Consumer Goods - Cereals 744000.00 819000.00 USD THO Aug/21
Crude Materials & Fuels - Textile 366000.00 381000.00 USD THO Aug/21
Crude Materials & Fuels - Oilpaper 203000.00 202000.00 USD THO Aug/21
Consumer Goods - Durable Cons Goodsgold 153000.00 188000.00 USD THO Aug/21
Domestic Use 33777.00 35945.00 USD Million Aug/21
Capital Goods - Domestic Use 10970.00 11825.00 USD Million Aug/21
Consumer Goods - Domestic Use 7750.00 7974.00 USD Million Aug/21
Fuels - Use 6867.00 6875.00 USD Million Aug/21
Capital Goods - Use 6394.00 6410.00 USD Million Aug/21

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