Merchandise exports shot up 11.4% on an annual basis in August, on the heels of July’s 13.9% upturn and marginally...
Merchandise Imports in Korea
Merchandise imports in Korea were worth USD 731 billion in 2022, compared to USD 516 billion ten years earlier, and averaged USD 521 billion over the last decade. For more imports information, visit our dedicated page.
Korea Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Korea from 2014 to 2023.
Source: Macrobond.
Korea Merchandise Imports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 503 | 468 | 615 | 731 | 643 |
| Merchandise Imports (ann. var. %) | -6.0 | -7.1 | 31.5 | 18.9 | -12.1 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Korean merchandise imports projections for the next ten years from a panel of 5 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 merchandise imports forecast available for Korean merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Korean merchandise imports projections.
Want to get access to the full dataset of Korean merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Korea: Merchandise exports rise by double digits in August -
Thailand: Merchandise exports gain steam in July Merchandise exports shot up 15.2% over the same month last year in July, on the heels of June’s 0.3% rise.... -
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Indonesia: Merchandise exports drop in June Merchandise exports fell 0.5% year-on-year in June, contrasting May’s 1.8% rise. Meanwhile, merchandise imports expanded 4.7% over the same month... -
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