South Korea - Imports of Goods

South Korea: Imports of Goods

Mnemonic	TRIG.IKOR
Unit	Ths. US$ NSA
	Monthly	4.77 %
Data	May 2022	63,222,000
	Apr 2022	60,342,000

Series Information

Source	The Bank of Korea
Release	Foreign Trade
Frequency	Monthly
Start Date	1/31/1966
End Date	5/31/2022

South Korea: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	May 2022	-1,705,000	-2,508,000	Ths. US$, NSA	Monthly
Exports of Goods	May 2022	61,517,000	57,833,000	Ths. US$ NSA	Monthly
Imports of Goods	May 2022	63,222,000	60,342,000	Ths. US$ NSA	Monthly
Current Account Balance	Apr 2022	-79.3	7,057	Mil. USD, NSA	Monthly
Exports of Goods and Services	2022 Q1	256,644	238,119	Bil. KRW, SA	Quarterly
Imports of Goods and Services	2022 Q1	234,265	226,394	Bil. KRW, SA	Quarterly
Net Exports	2022 Q1	22,379	11,725	Bil KRW, SA	Quarterly
Real Exports of Goods and Services	2022 Q1	225,948	218,126	Bil. Ch. 2015 KRW, SA	Quarterly
Real Imports of Goods and Services	2022 Q1	186,968	188,106	Bil. Ch. 2015 KRW, SA	Quarterly
Real Net Exports	2022 Q1	38,979	30,020	Bil. Ch. 2015 KRW, SA	Quarterly

Release Information

Description

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.

Methodology

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

Revisions

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