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South Korea Import Data

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South Korea Import Data

As per South Korea import data, South Korea, an Asian country imported goods worth USD 634.5 billion in 2020. This recorded a decline of 12% compared to previous year. Imports grew 35.6% year on year in September 2021.

The South Korea import trade data shows that country ranks 4th in the world during 2020. The value of merchandise imports to South Korea totalled $ 635 billion in 2020. Overall commodity imports to South Korea declined by 11.8% compared to 2019. Merchandise imports decreased by $ 85 billion the value of merchandise imports to South Korea was equal to $ 720 billion in 2019.

Given South Korea’s population of 125.8 million people, value of South Korea’s imports in 2020 translated to roughly USD 5000 in yearly product demand from every person in thickly populated Asian island country.

As per the South Korea import custom data the major imports were mineral fuels & oils, electrical machinery & equipment, machinery, pharma products and optical, photographic & medical equipment. 

South Korea import statistics data reveal South Korea’s top import sources are China, United States, Australia, Taipei, Chinese, South Korea, Thailand and Vietnam.

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Why Choose Our South Korea Import Data

Our South Korea shipment data is useful to every business type; start-ups to big corporates and every industry –Logistics and Market Researchers. Here is a short view about our Import data of South Korea:

Data Available Till date

100% Coverage Trade Activity

Monthly Update Time

Sea, Air & Road Shipments Covered

100% Data Authenticity

Data Available on 2, 4, 6 & 8 digit Level HS Code

Historical Data Available Since 2010

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Discover High Volume

South Korea Import Custom Statistics Data Shows Top 10 Importing Products In 2020 – Analysis By Chapter

  • 16.6% for Chapter 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes value of 105 billion US$
  • 15% for Chapter 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles value of 95 billion US$
  • 10.2% for Chapter 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof value of 65 billion US$
  • 4.51% for Chapter 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof value of 28 billion US$
  • 4.49% for Chapter 30 - Pharmaceutical products value of 28 billion US$
  • 3.42% for Chapter 26 - Ores, slag and ash value of 21 billion US$
  • 3.11% for Chapter 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof value of 19.7 billion US$
  • 2.54% for Chapter 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewellery; coin value of 16.1 billion US$
  • 2.48% for Chapter 29 - Organic chemicals value of 15.8 billion US$
  • 2.37% for Chapter 39 - Plastics and articles thereof value of 15 billion US$

South Korea Import Custom Trade Data Shows Top 10
Trading Partners of South Korea

  • China with a share of 25% (163 billion US$)
  • USA with a share of 11.2% (71 billion US$)
  • Australia with a share of 5.63% (35 billion US$)
  • Other Asia, nes with a share of 4.21% (26 billion US$)
  • Korea with a share of 4.18% (26 billion US$)
  • Thailand with a share of 3.74% (23 billion US$)
  • Vietnam with a share of 3.46% (22 billion US$)
  • Germany with a share of 3.34% (21 billion US$)
  • Saudi Arabia with a share of 2.9% (18.4 billion US$)
  • United Arab Emirates with a share of 2.58% (16.3 billion US$)

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What our South Korea Import Data contains

It is a kind of statistical data, which is useful for primary research on the import activities of the country. The South Korea import trade statistics data is based on Shipping bills, import bills, invoices and other import-export documents. It contains Year, Month, HS Code, Product Description, Quantity, Exporting Country & Values Information. It gives a bird’s eye view of the country’s import business.

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