Imports to South Korea jumped 37.8 percent year-on-year to a fresh record high of USD 53.86 billion in October 2021, compared with market expectations of 40.1 percent and following a 31.0 percent advance a month earlier, boosted by solid domestic demand following an acceleration in COVID-19 vaccinations. source: Ministry of Trade, Industry & Energy (MOTIE)

Imports YoY in South Korea averaged 15.56 percent from 1967 until 2021, 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 2021.

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South Korea Imports YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-10-01 12:00 AM Sep 31% 44% 27%
2021-11-01 12:00 AM Oct 37.8% 31% 40.1%
2021-12-01 12:00 AM Nov 37.8% 40.5%


News Stream
South Korea Imports Hit New Peak
Imports to South Korea jumped 37.8 percent year-on-year to a fresh record high of USD 53.86 billion in October 2021, compared with market expectations of 40.1 percent and following a 31.0 percent advance a month earlier, boosted by solid domestic demand following an acceleration in COVID-19 vaccinations.
2021-11-01
South Korea Imports Rise More than Estimated
Imports to South Korea grew by 31.0 percent year-on-year to USD 51.62 billion in September 2021, compared with market expectations of 27.0 percent and following a 44 percent advance a month earlier, amid solid domestic demand following an acceleration in COVID-19 vaccinations.
2021-10-01
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 YoY
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 11983000.00 11407000.00 USD THO Oct/21
United States 5993000.00 5967000.00 USD THO Oct/21
European Union 5380000.00 5309000.00 USD THO Oct/21
Japan 4695000.00 4648000.00 USD THO Oct/21
Australia 2877969.00 3285210.00 USD THO Oct/21
Saudi Arabia 2434429.00 2083666.00 USD THO Oct/21
Taiwan 1986637.00 1939588.00 USD THO Oct/21
Germany 1848521.00 1877406.00 USD THO Oct/21
Russia 1522970.00 1602754.00 USD THO Oct/21
Qatar 1278978.00 965574.00 USD THO Oct/21
Malaysia 999761.00 924894.00 USD THO Oct/21
Indonesia 926136.00 945596.00 USD THO Oct/21
Singapore 869078.00 846264.00 USD THO Oct/21
India 741000.00 765000.00 USD THO Oct/21
Mexico 736589.00 579562.00 USD THO Oct/21
Kuwait 713136.00 766924.00 USD THO Oct/21
United Arab Emirates 655107.00 684784.00 USD THO Oct/21
France 648521.00 517040.00 USD THO Oct/21
Brazil 641975.00 379145.00 USD THO Oct/21
Canada 636449.00 552141.00 USD THO Oct/21
South Korea Imports by Category Last Previous
Crude Materials & Fuels 27843000.00 26634000.00 USD THO Oct/21
Capital Goods 17791000.00 16999000.00 USD THO Oct/21
Crude Materials & Fuels - Fuel 13316000.00 12330000.00 USD THO Oct/21
Consumer Goods 8203000.00 7991000.00 USD THO Oct/21
Crude Petroleum 6486000.00 5762000.00 USD THO Oct/21
Semi-conductor 5576000.00 5605000.00 USD THO Oct/21
Chemicals 5254000.00 5483000.00 USD THO Oct/21
Information & Communication Equipment 3339000.00 2616000.00 USD THO Oct/21
Crude Materials & Fuels - Minerals 3214000.00 2883000.00 USD THO Oct/21
Consumer Goods - Durable Consumer Goods 3145000.00 3098000.00 USD THO Oct/21
Capital Goods - Transport Equipment 862000.00 926000.00 USD THO Oct/21
Consumer Goods - Cereals 768000.00 750000.00 USD THO Oct/21
Crude Materials & Fuels - Textile 378000.00 352000.00 USD THO Oct/21
Consumer Goods - Durable Cons Goodsgold 187000.00 83000.00 USD THO Oct/21
Crude Materials & Fuels - Oilpaper 161000.00 167000.00 USD THO Oct/21
Domestic Use 35681.00 34113.00 USD Million Oct/21
Capital Goods - Domestic Use 11356.00 10527.00 USD Million Oct/21
Consumer Goods - Domestic Use 7823.00 7612.00 USD Million Oct/21
Fuels - Use 7363.00 6781.00 USD Million Oct/21
Capital Goods - Use 6435.00 6472.00 USD Million Oct/21

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