South Korea Imports of Crude Petroleum  Forecast


South Korea Imports of Crude Petroleum
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Imports of Crude Petroleum in South Korea is expected to be 4726657.98 USD THO by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports of Crude Petroleum in South Korea to stand at 4559429.70 in 12 months time. In the long-term, the South Korea Imports of Crude Petroleum is projected to trend around 4173941.48 USD THO in 2020, according to our econometric models.


South Korea Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 7800 6179 7703 8900 6477 17300
Exports 49700 43717 47836 48900 49040 50800
Imports 41800 37538 40133 40133 40289 49000
Current Account 5720 9450 12500 8700 4790 9010
Current Account to GDP 7 7 6.2 6.2 4.47 5.8
External Debt 409127 400000 378000 380000 404901 461000
Terms of Trade 105 105 106 106 106 106
Foreign Direct Investment 3991000 8160000 4131546 5378218 4186374 9040000
Capital Flows 8429 11700 10117 12117 5660 14800
Tourism Revenues 1071100 1380000 1600000 1500000 1110349 1920000
Tourist Arrivals 1165638 1480000 1294735 1710000 1059300 2890000
Gold Reserves 104 103 102 101 99.91 90.62
Weapons Sales 534 283 220 220 250 260
Terrorism Index 0.61 0.2 0.2 0.2 0.64 0.42