South Korea Imports

Imports to South Korea dropped by 8.0 percent to USD33.70 billion in June of 2016, compared to a 9.0 percent fall in the preceding month while market expected a 9.5 percent decline. It was the 21st straight month of drop. Imports in South Korea averaged 11843.51 USD Million from 1966 until 2016, reaching an all time high of 45899.19 USD Million in July of 2014 and a record low of 38.61 USD Million in January of 1966. Imports in South Korea is reported by the Ministry of Trade, Industry & Energy (MOTIE). South Korea imports mainly petroleum, petroleum products, related materials (16 percent of total imports), electrical machinery, apparatus, appliances and electrical parts thereof (13 percent) and food, live animals (5 percent) and natural gas (5 percent). Other imports include metalliferous ores, metal scrap, iron, steel, industrial machinery and equipment. Main import partners are China (21 percent of total imports), Japan (11 percent), the United States (10 percent) and Germany (5 percent). Others include: Saudi Arabia, Taiwan, Qatar, Australia (4 percent each) and Russia (3 percent). This page provides the latest reported value for – South Korea Imports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.