South Korea Import Data

South Korea Import Data

Seoul, South Korea's capital, is a global hub for the high-tech industry. South Korea is the 13th biggest economy in the world, with a population of around 52 million and a GDP of nearly USD 1.8 trillion. As per South Korea import data, the nation's industries are fueled by significant imports of raw materials, machinery, electronics, and energy. Its extensive involvement in global supply networks is demonstrated by the USD 631.7 billion in total imports.

As per South Korea customs data, a significant amount of imports, which are necessary to sustain South Korea's export-based economy, include capital goods, energy supplies, and electronic components.

5

Among the top 5 global importers by value.

2.1%

Covers around 2.1% of worldwide imports in 2024.

China

Accounting for 22.1% (USD 139.9 B) of imports

Mineral fuels & oils

Valued at USD 162.1 B (25.7% of total).

 

Top 10 Import Products of South Korea

As per South Africa customs import data, fuel, electronics, and heavy machinery account for the majority of South Korea's imports, which reflect its industry and energy demands.

  • Mineral Fuels & Oils (HS 27): USD 162.1 B — 25.7%
  • Electrical/Electronic Equipment (HS 85): USD 123.8 B — 19.6%
  • Machinery, Reactors, Boilers (HS 84): USD 66.0 B — 10.5%
  • Optical, Medical Apparatus (HS 90): USD 22.8 B — 3.6%
  • Vehicles (HS 87): USD 19.8 B — 3.1%
  • Ores, Slag & Ash (HS 26): USD 19.2 B — 3.0%
  • Iron & Steel (HS 72): USD 14.2 B — 2.2%
  • Organic Chemicals (HS 29): USD 14.1 B — 2.2%
  • Plastics & Articles (HS 39): USD 13.1 B — 2.1%
  • Inorganic Chemicals & Precious Metal Compounds (HS 28): USD 12.2 B — 1.9%
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Top 10 Import Trading Partners of South Korea

As per South Korea shipments data, China is South Korea's top import partner, followed by the United States, Japan, Saudi Arabia, and Australia.

  • China: 22.1% — USD 139.9 B
  • United States: 11.5% — USD 72.5 B
  • Japan: 7.6% — USD 47.9 B
  • Saudi Arabia: 5.0% — USD 31.5 B
  • Taiwan: 4.8% — USD 30.2 B
  • Australia: 4.7% — USD 29.9 B
  • Vietnam: 4.5% — USD 28.4 B
  • Germany: 3.5% — USD 22.3 B
  • United Arab Emirates: 2.8% — USD 18.0 B
  • Qatar: 2.2% — USD 14.2 B

What Details Contain In South Korea Import Data?

Every shipment arriving by land, air, or sea is included in South Korea’s statistical import data. Businesses and analysts may use a comprehensive statistical dataset that includes essential trade statistics to gain a thorough understanding of the Italian import sector. The information helps customers assess trade flows, identify new possibilities, and follow supplier trends by recording each shipment's route, product categorization, stated values, and more. An essential resource for making well-informed decisions, whether assessing competition or broadening market reach, is the South Korean import statistics. Usually, the statistical dataset consists of:

  • Date 
  • HS Code
  • HS Code Description
  • Total Value in USD
  • FOB Value
  • Quantity
  • Weight
  • Way of Transport
  • Destination Country
  • Import Country
  • Port of Loading
  • Port of Unloading

Benefits of South Korea Import data in your business

  • Gain a competitive edge by benchmarking competitors, finding new suppliers, and thoroughly understanding your industry using the South Korean import statistical data.
  • Investigate International Markets: Examine South Korea’s purchasing trends to identify potential import markets for your goods.
  • Data-Driven Decisions: Make defensible decisions supported by up-to-date, transparent shipping data.
  • Reduce Risks: Before signing contracts, review shipping history and look for any possible warning signs.
  • Reliable and Accurate: High accuracy is ensured by the data's sourcing from official customs records.
  • Competitor insights: Keep tabs on where and how rivals obtain their goods

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