Imports in Korea
The Korean economy recorded an average import growth rate of 2.9% in the decade up to 2022. In 2022, import growth was 3.5%. For more imports information, visit our dedicated page.
Korea Imports Chart
Note: This chart displays Imports (G&S, ann. var. %) for Korea from 2014 to 2023.
Source: Macrobond.
Korea Imports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Imports (G&S, ann. var. %) | -2.0 | -3.3 | 10.2 | 4.2 | 3.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Korean imports projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable imports forecast available for Korean imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Korean imports projections.
Want to get access to the full dataset of Korean imports forecasts? Send an email to info@focus-economics.com.