South Korea is a country in East Asia, which shares one of the world’s most heavily militarized borders with North Korea. The value of South Korea imports totaled USD 503.2 billion in 2019, a decline by about -6% as compared to the previous year.
According to South Korea import data, South Korea stood at 9th position in terms of global imports during 2019. Given South Korea’s population of 51.8 million people, its total value of import commodities translates to an estimated USD 9,707 in yearly product demand from every person in the East Asian country.
South Korea’s top 10 import commodities in 2019 were Mineral Fuels & Oils (25.2%), Electrical Machinery & Equipment (17.8%), Machinery, Mechanical Appliances, etc. (10.2%), Optical, Photographic, Medical Equipment (3.6%), Vehicles (3.3%), Iron & Steel (3.1%), Ores, Slag & Ash (3.0%), Organic Chemicals (2.5%), Plastics (2.2%) and Miscellaneous Chemical Products (1.6%)as per South Korea trade statistics.
We have the comprehensive and accurate South Korea shipment data of imports, which shows that South Korea’s top 10 imports accounted 72.5% to overall value of shipments. Electrical machinery & equipment (+5.8%) was the largest expanded product category and optical, technical & medical equipment (-17.6%) was the most depreciated product category in 2019. Check South Korea import statistics of all these import products from the chart and table given below.
South Korea imported goods in 2019 mostly from China (USD 107.2 billion), United States (USD 62.1 billion), Japan (USD 47.5 billion), Saudi Arabia (USD 21.8 billion) and Vietnam (USD 21.0 billion). South Korea’s top 5 import partners accounted 51.6% to overall value of shipments.
According to South Korea shipment data, 61% of South Korea’s total imports by value in 2019 were imported from fellow Asian countries. Exporters in Europe shipped 15% worth of products to South Korean importers, while 14.7% worth of shipments were originated from North America. Smaller percentages were recorded from Latin America (2.8%) and Africa (1.5%).
South Korea Import Data is a type of Statistical Data, in which shipment details with no company names is covered. It is useful in doing primary research of a market. Basically, South Korea trade data is based on Shipping Bills, Invoices, Import Bills and other import-export documents.
We collect import data of South Korea from the most genuine sources including South Korean Customs, Shipping & Logistics Companies, Port Authorities, Trade Associations and Government Bodies. Our data covered trade information on 2, 4, 6 & 8 digit level HS Code and is updated monthly. We have South Korea import statistics available from Jan 2008.
Market intelligence on South Korea imports covers statistical information on country’s every import activity, which is beneficial in doing primary research. Check two samples below to understand format of import data of South Korea.
|HS Code||2701110000||Weight (Kg)||11034361672.00|
|Country of Shipment||AUSTRALIA||Last||2012/10|
|HS Code||270111||Weight (Kg)||765049342.00|
|HS Detail||Anthracite Coal||Period||2011/02|