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South-Korea import Statistics

South Korea Import Data

The Republic of South Korea is another name for South Korea. The nation, which includes a section of the Korean Peninsula, is situated in eastern Asia. Three nations—North Korea, China, and Japan—share borders with South Korea. The world's fifth-largest center for nuclear weapons development is located in South Korea. The year 2024 has witnessed significant changes in South Korea's import industry, as per South Korea trade statistics. With a booming economy and increased global trade, the demand for accurate and up-to-date import data has become crucial for businesses wanting to make informed decisions. According to South Korea’s import data, its total imports accounted worth $632.09 billion in 2024, with a decline of 2% from 2023. South Korea is a part of trading blocs such as the WTO and RCEP. Let us delve into the intricacies of South Korea imports data for 2024, highlighting its importance, trends, and impact on various sectors.    

South Korea Import Data | South Korea Bill of Lading Data

10

The country has been ranked 10th in global imports, showing a significant position in the international trade landscape and import market.

2.6%

With a mere 2.6% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

CHINA

China holds a significant role as the largest import partner of the country in terms of goods imports and import share.

MINERAL FUELS AND OILS

Mineral fuels and oils are the biggest import commodities of the country, playing a vital role in its economy.

Please select a country or provide either a description or HS Code.
import

Top 10 Imports of South Korea: South Korea Imports by HS Code

South Korea's position as a global economic powerhouse is reinforced by its robust import sector, with a diverse range of goods entering the country. As for the top 10 South Korea imports rely heavily on petroleum and petroleum products, followed closely by electronic integrated circuits. The top 10 imports of South Korea in 2024, according to the South Korea import data and South Korea Bill of Lading data are:

  • Mineral fuels and oils (HS code 27): 25.65% ($162.15 billion)
  • Electrical machinery and equipment (HS code 85): 19.64% ($124.13 billion)
  • Nuclear reactors and machinery (HS code 84): 10.44% ($66.01 billion)
  • Optical, medical, or surgical instruments (HS code 90): 3.6% ($22.78 billion)
  • Vehicles (HS code 87): 3.14% ($19.82 billion)
  • Ores, slag, and ash (HS code 26): 3.04% ($19.18 billion)
  • Iron and steel (HS code 72): 2.25% ($14.24 billion)
  • Organic chemicals (HS code 29): 2.23% ($14.12 billion)
  • Plastics and articles thereof (HS code 39): 2.08% ($13.12 billion)
  • Inorganic chemicals (HS code 28): 1.93% ($12.20 billion)
    • Partners

    Top 10 Import Partners of South Korea: South Korea Imports by Country

    In terms of import partners, China takes the lead as South Korea's main import partner, accounting for a significant portion of its imports. South Korea's emphasis on diversifying and strengthening its import partnerships highlights its commitment to a well-balanced and interconnected global economy. South Korea’s top 10 import partners in 2024, as per South Korea B/L data and South Korea shipment data include:

    Value In Percentage(%)

  • China: 22.1% (139.86 billion US$)
  • USA: 11.5% (72.47 billion US$)
  • Japan: 7.6% (47.89 billion US$)
  • Saudi Arabia: 5% (31.50 billion US$)
  • Taiwan: 4.8% (30.22 billion US$)
  • Australia: 4.7% (29.95 billion US$)
  • Vietnam: 4.5% (28.44 billion US$)
  • Germany: 3.5% (22.30 billion US$)
  • United Arab Emirates: 2.8% (17.98 billion US$)
  • Qatar: 2.2% (14.21 billion US$) 
    • Sample Data

    Analyzing the South Korea Import Data: South Korea Bill of Lading Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    The information given by the bill of lading database regarding South Korean import data and trade data is highly helpful, accurate, and informative. Our data is based on import shipment information as well as current and new shipping bills, invoices, and other crucial shipments required for trading. According to the import data of South Korea, the country exported goods worth $632.09 billion in 2024. An abundant amount of information is found in South Korea’s import data, which is derived from South Korean trade statistics. Everything is covered in the South Korea bill of lading data, including the HS code, quantity, product description, importer-exporter name, port name, and more. 

    Benefits

    Benefits of the South Korea Import Data

  • Find out what South Korea's current product demand is.
  • Determine possible leads from the international export market.
  • Monitor Your Rivals and surpass them in position.
  • Utilize a data-driven marketing approach for imports.
  • Increase the visibility of your brand in the South Korean market.
  • Double your revenue and set long-term goals for your company.

    • Frequently Asked Questions!!

    The total value of South Korea’s imports in 2024 was $632.09 billion.

    South Korea's goods exports declined by 2% in 2024 compared to the previous year. 

    North Korea, China, and Japan share boundaries with South Korea.

    Trade Analysis, Market research, Competitive Analysis, Supply Chain Management, Industry and Sector Analysis, and Economic Trends are the major points of importance of South Korea’s import data.

    Mineral fuels and oils are the top import categories of South Korea in 2024.

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