South Korea’s imports surged 36.0% year-on-year to a record high of USD 72.78 billion in October 2026, below market expectations of 39.9% but accelerating from a 26.0% rise in the previous month, flash data showed. It was the 12th consecutive month of growth in imports and the fastest increase since January 2022, driven by robust domestic industrial demand. Energy imports surged 63.1% from a year earlier to USD 16.49 billion, amid rising global oil prices. Although crude oil import volumes fell 6.3%, unit prices soared 62%, pushing the import value up 51.9%. source: Ministry of Trade, Industry & Energy (MOTIE)

Imports YoY in South Korea increased to 36 percent in October from 26 percent in September of 2026. Imports YoY in South Korea averaged 14.78 percent from 1967 until 2026, reaching an all time high of 115.60 percent in February of 1974 and a record low of -43.90 percent in July of 1998. This page includes a chart with historical data for South Korea Imports YoY. South Korea Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-01 12:00 AM
Imports YoY
Sep 26% 22.4% 21.5%
2026-11-01 12:00 AM
Imports YoY
Oct 36% 26% 39.9%
2026-12-01 12:00 AM
Imports YoY
Nov 36%


Related Last Previous Unit Reference
Semiconductor Exports 43600.91 38608.49 USD million Sep 2026


South Korea Imports YoY
Actual Previous Highest Lowest Dates Unit Frequency
36.00 26.00 115.60 -43.90 1967 - 2026 percent Monthly

News Stream
South Korea Import Growth Below Forecasts
South Korea’s imports surged 36.0% year-on-year to a record high of USD 72.78 billion in October 2026, below market expectations of 39.9% but accelerating from a 26.0% rise in the previous month, flash data showed. It was the 12th consecutive month of growth in imports and the fastest increase since January 2022, driven by robust domestic industrial demand. Energy imports surged 63.1% from a year earlier to USD 16.49 billion, amid rising global oil prices. Although crude oil import volumes fell 6.3%, unit prices soared 62%, pushing the import value up 51.9%.
2026-11-01
South Korea Import Growth Tops Estimates
South Korea’s imports surged 26.0% year-on-year to a new record of USD 71.09 billion in September 2026, accelerating from a marginally revised 22.4% increase in the previous month and exceeding market expectations of 21.5%, flash data showed. It marked the 11th consecutive month of growth in purchases, driven by robust domestic industrial demand. Increased manufacturing activity in the semiconductor and AI sectors lifted demand for intermediate goods, while higher global oil and gas prices added to import costs. The import outlook is expected to remain solid through late 2026, as resilient manufacturing activity supports demand for raw materials and industrial inputs.
2026-10-01
South Korea Imports Rise Less than Estimated
South Korea’s imports rose 22.5% year-on-year to USD 63.51 billion in August 2026, slowing from a 26.5% surge in the previous month and missing market forecasts of 24.7%, flash data showed. While marking the 10th consecutive month of import growth, the latest result pointed to the softest increase since May. The slowdown reflected a moderation in domestic demand, although strong semiconductor-related imports continued to support overall trade activity. Imports are likely to maintain solid growth in the near term, underpinned by robust chip demand and investment, though the pace may moderate as base effects strengthen and global trade conditions remain uncertain. Elevated energy prices could also keep the import bill high.
2026-09-01


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