South Korea - Imports of Goods

South Korea: Imports of Goods

Mnemonic TRIG.IKOR
Unit Ths. US$ NSA
Monthly 11.33 %
Data Dec 2020 44,462,000
Nov 2020 39,937,000

Series Information

Source The Bank of Korea
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1966
End Date 12/31/2020

South Korea: Trade

Reference Last Previous Units Frequency
Balance of Goods Dec 2020 6,944,000 5,904,000 Ths. US$, NSA Monthly
Exports of Goods Dec 2020 51,405,000 45,841,000 Ths. US$ NSA Monthly
Imports of Goods Dec 2020 44,462,000 39,937,000 Ths. US$ NSA Monthly
Real Exports of Goods and Services 2020 Q4 205,875 195,714 Bil. Ch. 2015 KRW, SA Quarterly
Real Imports of Goods and Services 2020 Q4 170,872 167,431 Bil. Ch. 2015 KRW, SA Quarterly
Real Net Exports 2020 Q4 35,002 28,283 Bil. Ch. 2015 KRW, SA Quarterly
Current Account Balance Nov 2020 8,966 11,657 Mil. USD, NSA Monthly
Exports of Goods and Services 2020 Q3 180,349 156,648 Bil. KRW, SA Quarterly
Imports of Goods and Services 2020 Q3 157,396 151,848 Bil. KRW, SA Quarterly
Net Exports 2020 Q3 22,952 4,800 Bil KRW, SA Quarterly

Release Information

Korea's trade statistics include export and import statistics. The Korea Customs Service (KCS) is responsible for collecting, processing, compiling and publishing the statistics of country's exports and imports.

The legal basis for compiling and publishing the trade statistics of Korea is the Customs Act of the Republic of Korea.

Clearance Planning Division of Clearance Facilitation Bureau is the responsible division in charge of the trade statistics affairs. In general, we abide by the UN recommendation (International Merchandise Trade Statistics; Concepts and Definitions, Rev. 2) in compiling trade statistics.

Trade statistics comprise all goods which add to or subtract from the stock of material resources of South Korea by entering (imports) or leaving (exports) its economic territory (with the exceptions mentioned below).

Export statistics

  • Goods exported through the customs clearances (including postal items)
  • Exports manufactured at bonded factories or free export zones
  • Returns of imported goods - Re-exports of imported goods after processing procedure

Import statistics

  • Goods imported through the customs clearances (including postal items)
  • Returns of exported goods
  • Re-imports of exported goods after processing procedure
  • Goods authorized to use at bonded-factories or free trade zones after introduced to these areas

Time of recording

Imports and exports are recorded on the following dates:

  • Goods for import and export : date of acceptance of declaration
  • Goods approved for use prior to the acceptance of import : date of approval
  • Goods approved for use in bonded factory, bonded construction site, export free zone : date of approval for use 

The previous period and same period last year are revised in the latest release.