South Korea - Imports of Goods

South Korea: Imports of Goods

Mnemonic	TRIG.IKOR
Unit	Ths. USD, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	1.19 %
Data	Aug 2022	66,146,000
	Jul 2022	65,371,000

Series Information

Source	Ministry of Trade, Industry and Energy (MOTIE)
Release	Foreign Trade
Frequency	Monthly
Start Date	1/31/1966
End Date	8/31/2022

South Korea: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	Aug 2022	-9,474,000	-4,805,000	Ths. USD, NSA	Monthly
Exports of Goods	Aug 2022	56,672,000	60,566,000	Ths. USD, NSA	Monthly
Imports of Goods	Aug 2022	66,146,000	65,371,000	Ths. USD, NSA	Monthly
Current Account Balance	Jul 2022	1,088	5,609	Mil. USD, NSA	Monthly
Exports of Goods and Services	2022 Q2	267,002	256,644	Bil. KRW, SA	Quarterly
Imports of Goods and Services	2022 Q2	261,011	234,265	Bil. KRW, SA	Quarterly
Net Exports	2022 Q2	5,990	22,379	Bil KRW, SA	Quarterly
Real Exports of Goods and Services	2022 Q2	218,861	225,948	Bil. Ch. 2015 KRW, SA	Quarterly
Real Imports of Goods and Services	2022 Q2	185,052	186,968	Bil. Ch. 2015 KRW, SA	Quarterly
Real Net Exports	2022 Q2	33,808	38,979	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

Timeliness

The Ministry of Trade, Industry and Energy (MOTIE) publishes trade data on the first business day of each month.

Data Buffet also carries detail from the Bank of Korea and Statistics Korea; these are published with a longer lag.

Revisions

The previous period and same period last year (M-1 and M-12) are revised in the latest release.

Notes

Related series

MOTIE	Statistics Korea
Low precision	High precision
`TR$TBUM.IKOR`	n/a
`TR$EXUM.IKOR`	`TRNEXUM.IKOR`
`TR$IMUM.IKOR`	`TRNIMUM.IKOR`