European Union vs South Korea: Merchandise imports by the reporting economy (current US$)
European Union
7.03 trillion current US$
in 2023
South Korea
640.41 billion current US$
in 2023
European Union rank
10th
South Korea rank
10th
Merchandise imports by the reporting economy (current US$) over time
- European Union
- South Korea
How they compare
European Union currently reports 7.03 trillion current US$ against 640.41 billion current US$ in South Korea, a difference of 6.39 trillion current US$.
That makes European Union's figure about 11.0 times South Korea's.
Across all 64 years both countries report, European Union has been ahead every year.
European Union ranks 10th and South Korea ranks 10th of 47 groups.
European Union has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | European Union | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 51.74 billion current US$ | 721.78 million current US$ | 51.02 billion current US$ | European Union |
| 1970s | 255.80 billion current US$ | 7.85 billion current US$ | 247.95 billion current US$ | European Union |
| 1980s | 625.02 billion current US$ | 32.42 billion current US$ | 592.60 billion current US$ | European Union |
| 1990s | 1.44 trillion current US$ | 104.75 billion current US$ | 1.33 trillion current US$ | European Union |
| 2000s | 3.50 trillion current US$ | 254.12 billion current US$ | 3.24 trillion current US$ | European Union |
| 2010s | 5.16 trillion current US$ | 485.56 billion current US$ | 4.68 trillion current US$ | European Union |
| 2020s | 6.52 trillion current US$ | 610.38 billion current US$ | 5.91 trillion current US$ | European Union |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise imports by the reporting economy, European Union or South Korea?
- European Union, at 7.03 trillion current US$ against 640.41 billion current US$ in South Korea as of 2023.
- What is the difference in merchandise imports by the reporting economy between European Union and South Korea?
- 6.39 trillion current US$, with European Union ahead.
- How many years of comparable data are there for European Union and South Korea?
- 64 years are reported by both, from 1960 to 2023.
- How do European Union and South Korea rank globally for merchandise imports by the reporting economy?
- European Union ranks 10th and South Korea ranks 10th of 47 groups.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Merchandise imports by the reporting economy (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.