South Korea - Imports of Goods

South Korea: Imports of Goods

Mnemonic TRIG.IKOR
Unit Ths. US$ NSA
Monthly 3.17 %
Data Jun 2020 35,547,000
May 2020 34,455,000

Series Information

Source The Bank of Korea
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1966
End Date 6/30/2020

South Korea: Trade

Reference Last Previous Units Frequency
Balance of Goods Jun 2020 3,666,000 446,000 Ths. US$, NSA Monthly
Exports of Goods Jun 2020 39,213,000 34,901,000 Ths. US$ NSA Monthly
Imports of Goods Jun 2020 35,547,000 34,455,000 Ths. US$ NSA Monthly
Current Account Balance Apr 2020 -3,124 5,960 Mil. USD, NSA Monthly
Exports of Goods and Services 2020 Q1 191,258 191,266 Bil. KRW, SA Quarterly
Imports of Goods and Services 2020 Q1 172,797 179,519 Bil. KRW, SA Quarterly
Net Exports 2020 Q1 18,461 11,746 Bil KRW, SA Quarterly
Real Exports of Goods and Services 2020 Q1 201,061 203,833 Bil. Ch. 2015 KRW, SA Quarterly
Real Imports of Goods and Services 2020 Q1 169,864 176,144 Bil. Ch. 2015 KRW, SA Quarterly
Real Net Exports 2020 Q1 31,196 27,689 Bil. Ch. 2015 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.