South Korea - Imports of Goods

South Korea: Imports of Goods

Mnemonic	TRIG.IKOR
Unit	Ths. US$ NSA
	Monthly	1.61 %
Data	Nov 2019	40,729,000
	Oct 2019	41,396,000

Series Information

Source	The Bank of Korea
Release	Foreign Trade
Frequency	Monthly
Start Date	1/31/1966
End Date	11/30/2019

South Korea: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	Nov 2019	3,369,000	5,341,000	Ths. US$, NSA	Monthly
Exports of Goods	Nov 2019	44,098,000	46,737,000	Ths. US$ NSA	Monthly
Imports of Goods	Nov 2019	40,729,000	41,396,000	Ths. US$ NSA	Monthly
Current Account Balance	Oct 2019	7,827	7,759	Mil. USD, NSA	Monthly
Exports of Goods and Services	2019 Q3	196,121	191,823	Bil. KRW, SA	Quarterly
Imports of Goods and Services	2019 Q3	180,798	181,346	Bil. KRW, SA	Quarterly
Net Exports	2019 Q3	15,322	10,476	Bil KRW, SA	Quarterly
Real Exports of Goods and Services	2019 Q3	201,755	192,966	Bil. Ch. 2015 KRW, SA	Quarterly
Real Imports of Goods and Services	2019 Q3	174,097	172,007	Bil. Ch. 2015 KRW, SA	Quarterly
Real Net Exports	2019 Q3	27,657	20,959	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.

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