South korea top imports 2021. In 2019, Mozambique exported $931M worth of services.

South korea top imports 2021 53B. The barchart show only products that Iraq is not specialized in. 27B to $1. Between November 2023 and November 2024 the exports of South Korea have decreased by $-82. 42B. Between October 2023 and October 2024 the exports of South Korea's Gold have decreased by $-65. 9 billion while its exports were valued at US$35. 1% from 2020) Brazil: $1. 08M, resulting in a negative trade balance of $1. 5 billion in 2020. Korean seafood imports are expected to continue growing, creating opportunities for U. 57 billion dollars worth of crude oil imported Apr 21, 2022 · South Korea is undeterred by surging crude prices and the world's fourth biggest crude importer aims to actively secure ample refinery feedstocks as local refiners maintain relatively high run rates t As per South Korea import data, South Korea, an Asian country imported goods worth USD 634. Saudi Arabia was the top country of origin, with around 30. 7 USD bn in Nov 2024; Total Exports reached 56. 3 per 10,000) in terms of both the number of In 2022, ASEAN exported $1. 2021 - 2022 FASTEST GROWING MARKET false false. 6% year on year in September 2021. PRC’s removal of market access barriers spurred U. 4 trillion to the World were shipped to South Korea and 3. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. In 2022, imports from all sources amounted to $3. Data. 7M), exporting mostly to China ($131M), Senegal ($26 Imports to South Korea increased to a near two-year high of USD 54. 3M). 31%) from $50. The total exports for 2022 reached $683. Imports in South Korea averaged 16942. 41M, while imports increased by $1. Merchandise Trade statistics data for Korea, Rep. 35 billion U. China is the largest supplier, exporting $1. 9 percent increase over 5 years beginning in 2016. [ 1 ] December 24 – The South Korean government pardons former president Park Geun-hye due to deteriorating health, also exonerating the first female prime minister Han Jun 1, 2018 · Further information about South Korea Total Imports Growth. The top 5 UK goods products lines imported from South Korea in 2021 are shown in figure 4. Mar 14, 2022 · South Korea is among the top three largest importers of processed granite and marble worldwide. Canada was South Korea’s fourth-largest supplier of Vegetable Oils, with imports valued at US$204. 1% increase from $644. South Korea–Ukraine relations are foreign relations between South Korea and Ukraine. 73%) from $11. 8M (-0. 6 billion (down -2. 68 USD Million from 1966 until 2024, reaching an all time high of 66027. , frozen pork, frozen, boneless beef, fresh or chilled boneless beef and frozen beef cuts with bone in. 3B to $11. The United States had a services trade surplus of May 24, 2023 · In 2022, around 4. Figure 3: Top 5 UK goods exports to South Korea, 2021 (Using SITC codes, £ million) Figure 4: Top 5 UK goods imports from South Korea, 2021 (Using SITC codes, £ million) South Korea Imports from Philippines was US$5. At the same year, Rice was the 219th most imported product in South Korea. The fastest growing export markets for Coffee of South Korea between 2021 and 2022 were Israel ($905k), Hong Kong ($405k), and United States ($405k). South Korea Exports By Category - was last updated on Thursday, January 9, 2025. imports were $132 billion. 9 billion in forestry products. The top ten seafood imports from the U. 019), Petroleum Gas (0. 3B (8. 4M and imports accounted up to $223M, resulting in a negative trade balance of $176M. 11% increase from 2021. 2%) from $826M to $1. 22 billion), Indonesia ($983 million), Japan ($961 million), and the United Arab Emirates ($778 million) in 2021. in 2019. [2] Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 7B to $56. travel services fell by $4. 7 USD bn in Nov 2024, compared with a value of 54. In 2019, Mozambique exported $931M worth of services. 019), Sheep and Goats (0. 5M (119%) from $10. 52%) from $54. 3B (-14. 2%), and product imports increase in Rice ($232M or 246%), Planes, Helicopters, and/or Spacecraft ($152M or 233%), and Integrated Circuits Oct 19, 2021 · In this economic guide to South Korea we’ll give you an overview of the South Korean economy, including the country’s primary imports and exports of goods and services, as well as their primary destinations. 9M), and Computer and information services ($23. 7% increase from 2020. Dec 25, 2024 · Discover how South Korea is transforming the global success of Squid Game into innovative tourism collaborations, offering immersive experiences and boosting international travel to the country. 4M, while imports increased by $102M (85. 4M), and France ($10. Exports in South Korea averaged 18041. Jan 3, 2025 · South Korea: South Korea Beer Market Report Korea’s beer imports reached $218 million in 2023, up 11. dollars according to source. 84 USD Million in March of 2022 and a record low of 14. Feb 8, 2024 · In 2022, consumer oriented goods accounted for the highest total value of agricultural products imported into South Korea at approximately 19. The first cloned dog in the world, “Snuppy” was created at the Seoul National University in South Korea. The top five customers for Georgia products were Canada, China, Mexico, Germany, and Singapore. from The World Bank: Data. 3B, while imports decreased by $-640M (-5. Aug 24, 2021 · Imports. At the same year, Wine was the 173rd most imported product in South Korea. The statistic shows the value of exports of goods from South Korea from 2013 to 2023. imports of services from Korea, South were an estimated $14. 5%) from $973M to $1. South Korean wine imports for 2021 hit an impressive $559m (up 69% in value, 41% by volume year-on-year), following on from the previous record of $330m in 2020. 14% (44 billion US$) Saudi Arabia with a share of 5. 67B, a 6. 7 billion (down -41. 4B from China, resulting in a negative trade balance of $189M. 8%) from $2. 4 billion, a 22-percent increase over 2020. 01M (-67. 3%) from $6. 94% increase from 2021. From energy and raw materials to high-tech components and healthcare products, these imports are vital for sustaining South Korea’s industrial base, technological advancements, and quality of life. to South Korea Export Trade Trends 2020 4 II. 3M), Ferroalloys ($25. imports 2013-2021. 89B (-2. Trade with South Korea, 2022 FOR PUBLIC RELEASE Summary In 2022, both U. 2%) South Africa: $924. 08M. United States Imports from South Korea was US$119. 54 percent. 86B, a 29. 55B, a 6. 2596 trillion in trade, jumping one notch from ninth place in 2013-2020 to eighth place in 2021. 3 USD bn in the previous month. Nov 8, 2021 · SEOUL, SOUTH KOREA — Wheat production estimates for the 2021-22 South Korea crop have been revised down by 11%, while imports have been raised by 12%, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). 1 Billion during 2023, according to the United Nations COMTRADE database on international trade. 6 million (up Merchandise Trade summary statistics data for Korea, Rep. 3M), Electricity ($20. Korean wine imports increased 27 percent to $330 million in 2020 as a result. 98 percent 2021 top South Korean imports Product Percentage Imports value Crude petroleum 10. 85B to $ Overview In November 2024, South Korea exported $855M and imported $1. This recorded a decline of 12% compared to previous year. 4 % year on year; South Korea Trade Balance recorded a surplus of 5. 25M (0. Between November 2023 and November 2024 the exports of South Korea have decreased by $-85. 8B. Domestically, South Korean inflation in terms of its average consumer prices rose 3. 69% (41 billion US$) Nov 19, 2024 · South Korea is the seventh-largest U. 46 USD Million from 1966 until 2024, reaching an all time high of 63786. Mar 4, 2024 · Discover all statistics and data on Imports to South Korea now on statista. Korea recorded USD 1. 2021 top South Korean imports Product Percentage Imports value Crude petroleum 10. South Korea Exports By Country - was last updated on Thursday, January 9, 2025. China: US$39. 2021/22 domestic rice production is expected to jump 8 percent, driven by rising prices following low production in the prior year. While Australia and the United States have remained South Korea’s top See also South Korea’s Top 10 Exports, South Korea’s Top 10 Imports, Top South Korean Trade Balances and Top Asian Export Countries Research Sources: Central Intelligence Agency, The World Factbook: Country Profiles. COMPANIES In 2023, leading companies such as Electrolux (1), Samsung (1), and LG Electronics (1) were at the forefront of shipping Fertilizers from South Korea to the United States. 4 billion, an increase of 21. dollars were exported from South Korea. 5 billion (up 71. 11M), and United States ($2. Mar 21, 2022 · SEOUL, March 21 (Yonhap) -- South Korea's imports of coffee surged more than 24 percent to hit a new all-time high in 2021 on its growing popularity here, data showed Monday. Between November 2023 and November 2024 the exports of South Korea have decreased by $-23. 4M (-8. 5k). 7%) from $730M to $535M. Overview In November 2024, South Korea exported $371M and imported $511M from Russia, resulting in a negative trade balance of $140M. to Korea, South were in the transportation, travel, and intellectual property sectors. Share of Merchandise Trade summary statistics data for Korea, Rep. exports of $1. South Korea has an embassy in Kyiv. 6 billion (up 208. 9B to SAR72B. South Korea Total Imports data is updated monthly, available from Jan 1966 to Nov 2024, with an average number of 8. 03B, a 6. The fastest growing import markets in Perfumery & cosmetics for South Korea between 2021 and 2022 were Switzerland ($54. South Korea imports for 2020 was $537. Between October 2023 and October 2024 the exports of South Korea's Pure Olive Oil have decreased by $-56k (-55. Aug 18, 2023 · In 2022, South Korea 's total imports amounted to $731. Oct 31, 2022 · By 2021, imports from Russia accounted for about 9 percent of all fossil fuel imports by South Korea, including 5 percent of LNG imports, 6 percent of crude oil imports, and 17. On the other hand, the largest importer, Singapore, imported $424B, which is 22. Similar to this, Based on India import data, India imported $16. Australia: US$8. 71 trillion South Korean won, about 1. 51B, a 27. 08%) from $940M to $855M, while imports increased by $130M (10. 1B. 12. 41M and imports accounted up to $262M, resulting in a negative trade balance of $257M. e. Accessed on March 25, 2024 International Monetary Fund, Exchange Rates selected indicators (National Currency per U. 2 percent from 2019. Premium Statistic Import value of beef from Canada to South Korea 2014-2018 Premium Statistic Import value of beef from Mexico to South Korea 2014-2018 Jul 12, 2021 · Although the epidemic in China, Japan, and South Korea was generally controllable in 2020, the epidemic in Japan was significantly higher than that in China (number of infected people: 95701, infection rate: 0. Between November 2023 and November 2024 the exports of South Korea have increased by $388M (0. Overview In September 2024 Saudi Arabia exported SAR88B and imported SAR68B, resulting in a positive trade balance of SAR20B. by value in 2020 were Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Mar 8, 2024 · South Korea has also significantly reduced imports of Russian natural gas, which are down 42 percent by volume since 2021. 6 billion, a $3. imports from South Korea appear to have been less affected by the pandemic, decreasing by $2. 8% of the market in 2022. 82% decline from 2019. 2021 Tin: $7 2021 Merchandise Trade statistics data for Korea, Rep. ContentsEconomy of South Korea – OverviewSouth Korea’s GDPSouth Korea’s Top 5 Commodity ExportsSouth Korea’s Top 5 Commodity ImportsDetails About South Korea’s […] South Korea exports for 2023 was $753. 7 billion, between 2014 and 2023. Between October 2023 and October 2024 the exports of Saudi Arabia have decreased by SAR-11. exports totaled $72. a. Overview In October 2024 South Korea's Olive Oil exports accounted up to $2k and imports accounted up to $1. Exports to South Korea subject to US Government Filing Requirements In 2020, 3. Between September 2023 and September 2024 the exports of Saudi Arabia have decreased by SAR-15. 9M (-6. South Korea exports for 2021 was $761. 8M. South Korea’s annual production of domestic natural gas declined since reaching a high of 12 Inflation in South Korea is forecast to slow down to 3. 46%) from $1. South Korea imports for 2023 was $752. Accessed on April 1, 2024 Investopedia, Net Importer Definition. 6M (-13. 6 USD bn in Nov 2024 ; View South Korea's Total Aug 26, 2024 · In 2023, South Korea imported a total of over 86 billion U. Australia Imports from South Korea was US$18. 33 billion U. 2B to SAR68B. Between October 2023 and October 2024 the exports of South Korea's Olive Oil have increased by $2k (N/A%) from $0 to $2k, while imports increased by $26k (2. 9B to $52. 75 USD Million in January of 1966. 18B (2. Leading services exports from the U. Jun 25, 2024 · According to data from the World Bureau of Metal Statistics, the volume of iron ore imported to South Korea was about 74. 4%) from ¥574B to ¥634B, while imports increased by ¥33. 1%) from $120M to $223M. Overview In October 2024 South Korea's Wood Products exports accounted up to $5. 18 Billion during 2022, according to the United Nations COMTRADE database on international trade. 018). Wood pellets, plywood, and pine wood are top major forestry imports. In 2021, palm oil and its fractions were leading in terms of imports values with US$661. 7 percent Exports in South Korea increased to a 31-month peak of 61380 USD Million in December from 56350 USD Million in November of 2024. 1% of the total exports. Diplomatic Relations were established on February 10, 1992. . 3 USD bn. 6%) from $1. South Korea's exports totaled 512. The global Netflix sensation Squid Game is back with its second season, and South Korean companies are going all out with marketing campaigns to cash Aug 6, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Sep 17, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Overview In 2022 North Korea was the number 182 economy in the world in terms of total exports and the number 187 in total imports. South Korea imports for 2021 was $696. 27B, a 10. TOP 10 IMPORT ORIGINS (2021) In USD millions TOP 10 EXPORT DESTINATIONS (2021) In USD millions IMPORTS USD 308m Value of South Korea’s imports of dog and cat food (2021 The fastest growing import markets in Pharmaceutical products for South Korea between 2021 and 2022 were Italy ($588M), Singapore ($125M), and Ireland ($83. seafood exporters. 3M (12. May 14, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 2011 and 2021. 12B and imported $569M from Mexico, resulting in a positive trade balance of $554M. Feb 1, 2022 · South Korea’s estimated rice import total of 418,336 tonnes for 2020-21 was 16% lower than the previous USDA forecast, which was made last fall. 5%) from $1. South Korea imports three times as much pet food as it exports, primarily from China, USA and Thailand Source: ITC Trade Map Notes: Re-exports have not been accounted for. Jun 1, 2021 · Source: Korean Government Import Data (www. 4M (-7. exports to South Korea decreased by $11. imports from United States worth US$ 73,659 million, with a partner share of 11. The top services exported by Mozambique in 2019 were Transportation ($601M), Personal travel ($252M), Insurance services ($27. 26%) from $2. 8%) from $7. 5 per cent. Overview In October 2024 Saudi Arabia exported SAR92. 4M), and Molybdenum Ore ($13. The stock of South Korean foreign direct investment (FDI) in the United States nearly doubled, to $76. 72 Billion during 2023, according to the United Nations COMTRADE database on international trade. See also South Korea’s Top 10 Major Export Companies, South Korea’s Top Trade Partners and Top South Korean Trade Balances Research Sources: Central Intelligence Agency, The World Factbook: Country Profiles. Between November 2023 and November 2024 the exports of South Korea have increased by $46. (KOR) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2021 Mar 1, 2021 · opted for home drinking during the pandemic, wine was their top choice among premium alcoholic beverages. […] Nov 21, 2024 · The countries that India imports the most iron and steel from are South Korea ($2. 3 billion U. imports of trade goods from South Korea from 1985 to 2023 (in billion U. 7%), South Korea ($200M or 24. 96M to $954k, while imports decreased by $-206M (-28. 2 billion, in large part due to pandemic-related challenges (South Korean spending on U. 91B, a 15. imported goods in 2021 are below, along with percent of total imports that came from the country : Korea, Rep. 51M), Ethiopia ($4. Relatedness measures the distance between a country's current exports and each product. 38B from Malaysia, resulting in a negative trade balance of $522M. Gross fixed capital formation (GFCF) decreased over 2022, accounting for 31. 39B. 89 billion in December from USD 50740 in November of 2024. 2M), Other business services ($24. 6 (in billion) Integrated circuits 8. 68 per 10,000) and South Korea (number of infected people: 48331, infection rate: 9. Asia’s fourth-largest economy imported US$506. Between October 2023 and October 2024 the exports of South Korea have increased by $151M (15. 74B and imported $1. 7B. In 2021, South Korea was a net importer of cooking oils, its imports valued at US$1. South Korea Imports from Philippines - data, historical chart and statistics - was last updated on December of 2024. 56%) from SAR73. 419% in 2023 down from an average 5. 74 billion in 2021, up nine percent from 2020. 37% increase from 2020. 19B, while imports decreased by $-106M (-4. (KOR) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2021 Jun 25, 2024 · According to the World Bureau of Metal Statistics, aluminum import amounted to approximately 1. 2 percent from the previous year, according to the data from the Korea Customs Service Overview In November 2024 South Korea's Refined Copper exports accounted up to $130M and imports accounted up to $159M, resulting in a negative trade balance of $28. clothing imports 2011-2022 Basic Statistic Construction exports worldwide 2021-2022, by country Premium Statistic China: 3G/4G share of total mobile connections Nov 22, 2021 · On November 15, 2021, Statistics Korea (KOSTAT) released the revised 2021 rice production estimate of 3,881,601 metric tons (milled basis), representing an additional 1. 6% of the total U. 3M (-9. 12B, while imports increased by $4. 87B, a 7. Imports grew 35. Over the last five years, the country’s processed granite imports have been steadily declining, while marble imports have been rising. 8 percent from $195 million in 2022, but still 30 percent down from the record high of $310 million in 2018. Overview In November 2024, South Korea exported $1. 4B), Cars, tractors, trucks & parts thereof. Wine Intelligence (Global Compass 2020) identified South Korea as a top performer: it ranked 2nd in the Top 15 Most Attractive Markets section, up from 10th place in 2019. 61 USD Million in January of 1966. 6 million, representing 34. 41 billion), China ($1. To help stabilize increased prices and improve supply after culling millions of birds, the South Korean government applied a “zero-tariff policy” for 50,000 tons of eggs and egg products in January 2021 that lasted through June 2021. South Korea imports for 2022 was $807. 7%) from $613M to $511M. Imports In 2022, South Korea imported $1. 3 billion). 24M to $5. The value of the country's coffee imports stood at US$916. [Online]. 9 billion (-15%) to $69. 06M to $1. 51%) from ¥391B to ¥425B. 84% decline from 2022. 00%) and The fastest growing import markets in Fertilizers for South Korea between 2021 and 2022 were Qatar ($120M), Israel ($108M), and Saudi Arabia ($37. 1% in 2022. 55B (6. 1%), and Chemicals, Plastics, Rubber, Leather In 2021, South Korea was the sixth-largest export destination for U. trading partner, with total trade (goods and services) at $223. 1%) from $150M to $130M, while imports decreased by $-13. 2 billion in seafood to Korea in FAS/Seoul projects Korea’s corn imports and consumption to increase in 2021/22, recovering from a projected 3 percent decline in imports during the current marketing year. 8M). 86T (7. That dollar total represents a minus 5. In 2021, of the $95. Between October 2023 and October 2024 the exports of South Korea's Wood Products have decreased by $-829k (-13. South Korea Trade Statistics. 8% of GDP. Feb 22, 2024 · Volume of U. 4B to $1. 1B, while imports increased by $1. While South Korea’s merchandise exports increased by 7% and imports rose by 18. exports to South Korea were valued at $91. 1M), China ($10. World Trade Korea’s seafood imports from all origins totaled $5. 3B and imported $11. 1 billion) more than 2021, and 44 percent greater than 2012 levels. 4 billion, representing an 18. net, CIF Value) b. Between November 2023 and November 2024 the exports of South Korea's Refined Copper have decreased by $-19. 6 percent ($2. 4 percent year over year decrease since 2019, but a 3. Accessed on April 1, 2024 International Trade Centre, Trade Map. 42B from South Korea, resulting in a positive trade balance of $317M. 8 billion (-3%) to $86. 7%) from $55. South Korea Imports By Country - was last updated on Wednesday, January 8, 2025. 74% decline from 2022. [1] Ukraine has an embassy in Seoul. Merchandise Trade summary statistics for Korea, Rep. 25 billion U. 1%), and Chemicals, Plastics, Rubber, Leather In 2021, of the $95. 1B), Cars, tractors, trucks & parts thereof. Specifically, between 2017 – 2021, the value of imports of processed granites fell by -28. (KOR) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2021 South Korea imports for 2023 was $752. South Korea's main exporting competitors in Electrical machinery and electronics were: TOP EXPORT POTENTIAL Merchandise trade statistics Korea, Rep. South Korea and Japan remained the top two markets in 2021, increasing their imports by 39 and 22 percent respectively, driven by higher prices and greater market access. 75B (16. 19B. EU exports to South Korea were highest in 2021 (C 52 billion) and lowest in 2011 (C 30 billion). Top suppling countries to South Korea were the U. The rice import forecast for 2021-22 has been revised upward to 490,000 tonnes, a 19% increase, due to actual delivery of some 2021 tariff rate quota contacts moving to 2022. (KOR) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2021 South Korea Imports from Australia was US$44. 6 billion, marking a 6. South Korea’s annual production of domestic natural gas declined since reaching a high of 12 Overview In October 2024 South Korea's Gold exports accounted up to $46. Between January 2021 and January 2022 the exports of Russia have increased by $907M (109%) from $832M to $1. Sep 27, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Basic Statistic Total value of U. market share remained above 4 percent. 0 billion increase over 2020. In 2023, goods with a value of around 632. 6%) from $260M to Overview In October 2024, Philippines exported $293M and imported $1. imports from China worth US$ 138,627 million, with a partner share of 22. 9% of total vegetable oils imports in the country. South Korea relies on more than 100 countries to meet domestic demand. kita. 26B (-2. Aug 31, 2022 · Among South Korea’s top 10 suppliers of Vegetable Oils, the Philippines recorded the most considerable growth between 2017 and 2021, with a CAGR of 140%, followed by Ukraine (CAGR of 60%) and Vietnam (CAGR of 34%). COMPANIES In 2023, leading companies such as L'Oreal (74), LG Electronics (36), and Costco Wholesale (3) were at the forefront of shipping Perfumery & cosmetics from South Korea to the Overview In November 2024 South Korea's Iron Ore exports accounted up to $954k and imports accounted up to $526M, resulting in a negative trade balance of $525M. dollars worth of crude oil. United States Imports from South Korea - data, historical chart and statistics - was last updated on January of 2025. Top trading partners (import sources) of Korea in 2022: China with a share of 21% (154 billion US$) USA with a share of 11. 8B, while imports decreased by SAR-1. 2% (82 billion US$) Japan with a share of 7. (KOR) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2021 Top five countries from which Korea, Rep. 48% (54 billion US$) Australia with a share of 6. At the same year, Coffee was the 84th most imported product in South Korea. 5% ($6. Overview In January 2022, Russia exported $1. Free and open access to global development data. From 2019 to 2020, U. Imports In 2022, South Korea imported $415M in Rice, becoming the 23rd largest importer of Rice in the world. 1B to $11. 54%) from $321M to $293M, while imports increased by $200M (24. The South Korea import trade data shows that country ranks 4th in the world during 2020. 5M to $23M. Natural Gas • South Korea was the third-largest importer of LNG in the world, after China and Japan, in 2021. This page in: Dec 19, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Overview In October 2024 South Korea's Pure Olive Oil exports accounted up to $45k and imports accounted up to $23M, resulting in a negative trade balance of $23M. Between October 2023 and October 2024 the exports of Philippines have decreased by $-27. Between November 2023 and November 2024 the exports of South Korea have decreased by $-202M (-14. 1B, while imports decreased by $-1. 4 billion. 7%) from $112M to $46. 6 percentage points increase from the most recent FAS Seoul update (KS2021-0026). Trade In September 2024, the top exports of South Korea were Electrical machinery and electronics ($20. 21M). 1%), Transportation Equipment (25. 56M (0. 6M), China ($981k), and Malaysia ($356k). $10. 8B and imported SAR72B, resulting in a positive trade balance of SAR20. 4 billion in 2023; U. Figure 6: EU trade in goods with South Korea, 2011-2021 (C billion) Source: Eurostat (ext_st_eu27_2020sitc) and Comext DS-018995 Sep 25, 2022 · South Korea’s Top 10 Exports. Korea’s largest seafood export is seaweed. 04%) from $395M to $371M, while imports decreased by $-102M (-16. 8% during 2022, the country became a net importer of goods. Mar 16, 2021 · According to data from the South Korean Ministry of Food and Drug Safety (MFDS), South Korea continued to import vast amounts of food and beverage products to maintain food security in 2020 despite the challenges presented by the COVID-19 pandemic, but there was an uptick in foods linked to health and wellness benefits. 03B from South Korea, resulting in a negative trade balance of $733M. 2 million. 3% ($20. Aug 29, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Nov 26, 2024 · In 2022, the value of cosmetics imported into South Korea amounted to around 1. . 73 USD Million in August of 2022 and a record low of 38. 9% of the total imports of Association of Southeast Asian Nations. In October 2024, the increase in Philippines's year-by-year imports was explained primarily by an increase in imports from China ($485M or 17. Analysis of U. Between November 2023 and November 2024 the exports of South Korea's Crude Petroleum have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-1. 2%), and Vietnam ($193M or 50. S. 38% of global exports) and imported $1. 24B in Coffee, becoming the 10th largest importer of Coffee in the world. 0 billion in U. E-commerce as share of total retail sales worldwide 2021-2027; top providers, and Apr 11, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 April 13 – South Korean government protested and regretted the Japanese cabinet decision to dump radioactive water of the Fukushima nuclear plant into the Pacific Ocean. 21% $41. In the latest reports, South Korea Total Imports recorded 50. inventories are stored as international stockpiles under agreements between South Korea and other governments. 5%) South Korea: $3. 93 Billion during 2022, according to the United Nations COMTRADE database on international trade. 2M). 49B to $2. 8M (-58. Now, it’s time to Overview In November 2024 South Korea's Crude Petroleum exports accounted up to $0 and imports accounted up to $6. Last year's imports were USD 615. 13. Within parenthesis is the percentage change in value for each supplying country since 2017. 42%) from $52B to $50. 3%) from $12. Korea returned to the top ten due to a significant increase in civilian aircraft, Overview In October 2024, Japan exported ¥634B and imported ¥425B from South Korea, resulting in a positive trade balance of ¥209B. The fastest growing export markets for Rice of South Korea between 2021 and 2022 were Kenya ($8. 32B (-16. The Republic of South Korea’s weaker local currency made South Korean imports paid for in stronger US dollars relatively more expensive when converted starting from the won. India and South Korea have agreed to work together in the sectors of energy, electronics and shipbuilding and the authorities have set up a joint working group for cooperation on the shipbuilding sector and electronics hardware manufacturing. 8%) from SAR58. 5B to $58. products, with exports totaling nearly $9. imports totaled $115. 75%) from $565M to $569M. 5% $60. dollar, period Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 08B, South Korea is also ranked 8th on Global Imports. 3 billion and U. 4B. Within parenthesis is the percentage change in value for each supplying country. Iron Ore Imported into South Korea. 05 billion, up 31. 14B in Ammonia , becoming the 4th largest importer of Ammonia in the world. 98T (8. 25B to $1. 2 million worth of wine in the January to November period of last year, up 76% from a year earlier Jun 1, 2018 · South Korea Total Imports recorded 50. 6%) from $368M to $415M, while imports decreased by $-195M (-26. South Korea exports for 2022 was $808. 1 billion, an increase of 9. 9M), Refined Petroleum ($27. The fastest growing export markets for Wine of South Korea between 2021 and 2022 were United States ($144k), Indonesia ($113k), and Hong Kong ($72. net, CIF Value) Source: Korean Government Import Data (www. 7 billion in 2022, 16. Between October 2023 and October 2024 the exports of Japan have increased by ¥59. s. 5 percent of coal imports. a: a s U. 24% and the quantity by -37. Jan 28, 2024 · Korea's imports 2022 by country . Below are the top 15 suppliers from which the US imported the highest dollar value worth of cellphones during 2021. Between November 2023 and November 2024 the exports of South Korea's Iron Ore have decreased by $-2. EU imports from South Korea were highest in 2021 (C 55 billion) and lowest in 2013 (C 32 billion). Feb 21, 2024 · Basic Statistic South Korean export share in world exports 2013-2021 Premium Statistic Trade balance South Korea 1991-2023 Imports of goods and services (% of GDP) - Korea, Rep. Imports In 2022, South Korea imported $573M in Wine, becoming the 17th largest importer of Wine in the world. 54 million metric tons in 2021 in South Korea. 39B from Australia, resulting in a negative trade balance of $1. com! rankings and top lists in collaboration with renowned media brands worldwide. 8%) Jan 4, 2022 · Annual imports also surpassed USD 600 billion for the first time, raising Korea's trade volume ranking. 53B, resulting in a negative trade balance of $6. 4 (in billion) Petroleum gas Merchandise trade statistics Korea, Rep. dollars) [Graph], US Census Bureau, & US Department of Commerce, February 22, 2024. 021), Gold (0. 74 billion worth of iron and steel in 2022. 8%) from SAR103B to SAR88B, while imports increased by SAR9. 0 billion in 2021. The 2021 production estimate is now up 10. Its largest exporter, Vietnam exported $399B, which corresponds to 20. South Korea exports for 2020 was $597. South Korean Ambassador to Ukraine and President of Ukraine in Kyiv, Ukraine on 2021. U. COMPANIES In 2023, leading companies such as Samsung (9), LG Electronics (3), and Sumitomo Rubber (2) were at the forefront of shipping Pharmaceutical products from South Korea to the Overview In November 2024, South Korea exported $415M and imported $535M from Italy, resulting in a negative trade balance of $120M. Below are the top suppliers from which South Korea imported the highest dollar value worth of iron ore during 2021. In 2021, South Korea Imported a total value of US$ 588. 088% for the prior year. 6 million. Mar 11, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jun 17, 2024 · South Korea’s top 10 imports in 2023 illustrate a broad spectrum of essential products that support its economy. Exports The top exports of North Korea are Tungsten Ore ($30. Australia Imports from South Korea - data, historical chart and statistics - was last updated on January of 2025. 2%) from $732M to $526M. (KOR) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Imports Korea imported $215 million worth of U. South Korea Top Importer Country Partner was China US$ 138. 62B . 4 billion in 2021. Nov 19, 2024 · Imports of coal into South Korea were lower in 2023 than they had been in any year in the last 10 years. 2 million metric tons in 2021. 7% from 2017) Vietnam: $10. 4% in 2023 from 5. , China, Australia, Vietnam and Brazil accounting for 53. 3% of The top export opportunities for Iraq according to the relatedness index, were Sulphur (0. 4%) from $101k to $45k, while imports increased by $12. Dec 14, 2023 · Forestry and seafood products are important imports in South Korea. 6 billion following years with In 2022, South Korea's top processed food and beverage imports from the world were food preparations n. 018), and Raw Cotton (0. 7 billion). 23 billion U. exports to South Korea and imports from South Korea continued to grow for a third year in a row. 3 billion), and U. The United States is South Korea’s top supplier of agricultural goods by a wide margin, representing 28 percent of the total import market. 38B. seafood in 2020, down 7. 8 billion dollars in 2020, earning it the moniker Land of the Morning Calm. Sep 26, 2024 · In 2023, the import value of mineral fuels, mineral oils and products of their distillation into South Korea measured up to almost 171. 03B. Exports to seven of Georgia’s top ten export destinations grew by double-digits in 2021, most notably, a 38% increase in exports to India. Overview In October 2024, South Korea exported $1. 96%. imports from South Korea, the top commodity sectors were Machinery & Mechanical Appliances (42. 5 million last year, up 24. Korea, Rep. all UK goods imports from South Korea. 3 USD bn in Nov 2024, which registered an increase of 1. 4 (in billion) Petroleum gas Jan 19, 2022 · South Korea’s wine imports soared over 70% in 2021 to reach a record high, making it the fastest growing Asian market for wine, as more wine drinkers turn to home consumption during the pandemic. 6B (10. beef exports, which rose to $1. 74B, while imports increased by $148M (11. Jul 10, 2018 · Bilateral Trade between India and South Korea – Top Exports & Imports 10 July 2018. 19B and imported $2. 9% growth compared to $615. 81%) from $172M to $ The fastest growing export markets for Ammonia of South Korea between 2021 and 2022 were Japan ($25. 5 billion (up 60. 5B (-11%) from SAR104B to SAR92. In contrast to the drop in total imports, Korean beer imports from the United States increased 3 percent in 2020 to $35 million. 14 Pipelines or power lines connecting Russia and South Korea did not materialize, and difficulties cooperating with China and North Korea on Overview In November 2024, South Korea exported $11. Aug 30, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 A study of the different economic elements such as growth indexes, the key figures of international trade which provide information about the degree of openness of South Korea to the exterior: imports of goods: 642,572 million USD ; exports of goods: 632,226 million USD ; imports of services: 150,146 million USD ; exports of services: 124,486 million USD ; percentage of imports (32. Trade In November 2024, the top exports of South Korea were Electrical machinery and electronics ($18. Between September 2023 and September 2024 the exports of South Korea have increased by $3. 83% of global imports). bhbo owstltu wuovt kmrgg uyxw zcmpe rnlwvjf qfh mvwgy dlfdl