Merchandise imports by the reporting economy (current US$) … annual in South Korea
South Korea: Merchandise imports by the reporting economy (current US$) … annual was -11.66 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in South Korea, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for merchandise imports by the reporting economy (current us$), annual in South Korea is -11.66 % change on previous year, measured in 2023.
That represents a change of down 162.9% on the previous year and down 1,379.3% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), annual in South Korea peaked at 69.12 % change on previous year in 1973 and was at its lowest, -35.17 % change on previous year, in 1998.
South Korea ranks 181st of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) … annual in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 7.19 % change on previous year | — |
| 1962 | 38.66 % change on previous year | +438.0% |
| 1963 | 34.54 % change on previous year | -10.6% |
| 1964 | -28.67 % change on previous year | -183.0% |
| 1965 | 12.06 % change on previous year | -142.1% |
| 1966 | 62.36 % change on previous year | +417.1% |
| 1967 | 38.09 % change on previous year | -38.9% |
| 1968 | 50.72 % change on previous year | +33.2% |
| 1969 | 24.24 % change on previous year | -52.2% |
| 1970 | 8.52 % change on previous year | -64.8% |
| 1971 | 20.26 % change on previous year | +137.7% |
| 1972 | 4.3 % change on previous year | -78.8% |
| 1973 | 69.12 % change on previous year | +1508.2% |
| 1974 | 56.21 % change on previous year | -18.7% |
| 1975 | 8.15 % change on previous year | -85.5% |
| 1976 | 22.72 % change on previous year | +178.9% |
| 1977 | 24.96 % change on previous year | +9.9% |
| 1978 | 38.16 % change on previous year | +52.8% |
| 1979 | 34.18 % change on previous year | -10.4% |
| 1980 | 6.67 % change on previous year | -80.5% |
| 1981 | 16.66 % change on previous year | +149.8% |
| 1982 | -7.4 % change on previous year | -144.4% |
| 1983 | 8.04 % change on previous year | -208.7% |
| 1984 | 15.85 % change on previous year | +97.0% |
| 1985 | 0.2028 % change on previous year | -98.7% |
| 1986 | 3.59 % change on previous year | +1671.4% |
| 1987 | 29.22 % change on previous year | +713.3% |
| 1988 | 25.4 % change on previous year | -13.1% |
| 1989 | 15.98 % change on previous year | -37.1% |
| 1990 | 15.33 % change on previous year | -4.1% |
| 1991 | 23.93 % change on previous year | +56.1% |
| 1992 | 0.111 % change on previous year | -99.5% |
| 1993 | 3.53 % change on previous year | +3078.3% |
| 1994 | 21.68 % change on previous year | +514.4% |
| 1995 | 31.95 % change on previous year | +47.4% |
| 1996 | 11.09 % change on previous year | -65.3% |
| 1997 | -2.92 % change on previous year | -126.3% |
| 1998 | -35.17 % change on previous year | +1105.6% |
| 1999 | 28.29 % change on previous year | -180.4% |
| 2000 | 34.02 % change on previous year | +20.3% |
| 2001 | -12.09 % change on previous year | -135.5% |
| 2002 | 7.36 % change on previous year | -160.9% |
| 2003 | 18.14 % change on previous year | +146.3% |
| 2004 | 25.52 % change on previous year | +40.7% |
| 2005 | 16.37 % change on previous year | -35.8% |
| 2006 | 18.42 % change on previous year | +12.5% |
| 2007 | 15.36 % change on previous year | -16.6% |
| 2008 | 21.99 % change on previous year | +43.2% |
| 2009 | -25.79 % change on previous year | -217.3% |
| 2010 | 31.61 % change on previous year | -222.5% |
| 2011 | 23.32 % change on previous year | -26.2% |
| 2012 | -0.9155 % change on previous year | -103.9% |
| 2013 | -0.7881 % change on previous year | -13.9% |
| 2014 | 1.96 % change on previous year | -348.4% |
| 2015 | -16.99 % change on previous year | -968.0% |
| 2016 | -7.02 % change on previous year | -58.7% |
| 2017 | 16.33 % change on previous year | -332.8% |
| 2018 | 12.88 % change on previous year | -21.2% |
| 2019 | -6.03 % change on previous year | -146.8% |
| 2020 | -7.17 % change on previous year | +18.9% |
| 2021 | 31.66 % change on previous year | -541.8% |
| 2022 | 18.52 % change on previous year | -41.5% |
| 2023 | -11.66 % change on previous year | -162.9% |
South Korea compared with similar countries
- South Korea's -11.66 % change on previous year is below the median for high income countries, which is -2.99 % change on previous year, 3.9× the median. (74 countries reporting)
- South Korea's -11.66 % change on previous year is below the median for East Asia & Pacific, which is -4.04 % change on previous year, 2.9× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy (current US$) … annual in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +3078.3% | 0.111 % change on previous year | 3.53 % change on previous year |
| 1986 | +1671.4% | 0.2028 % change on previous year | 3.59 % change on previous year |
| 1973 | +1508.2% | 4.3 % change on previous year | 69.12 % change on previous year |
| 1998 | -1105.6% | -2.92 % change on previous year | -35.17 % change on previous year |
| 2015 | -968.0% | 1.96 % change on previous year | -16.99 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.58 % change on previous year | -28.67 % change on previous year | 62.36 % change on previous year | 9 |
| 1970s | 28.66 % change on previous year | 4.3 % change on previous year | 69.12 % change on previous year | 10 |
| 1980s | 11.42 % change on previous year | -7.4 % change on previous year | 29.22 % change on previous year | 10 |
| 1990s | 9.78 % change on previous year | -35.17 % change on previous year | 31.95 % change on previous year | 10 |
| 2000s | 11.93 % change on previous year | -25.79 % change on previous year | 34.02 % change on previous year | 10 |
| 2010s | 5.44 % change on previous year | -16.99 % change on previous year | 31.61 % change on previous year | 10 |
| 2020s | 7.84 % change on previous year | -11.66 % change on previous year | 31.66 % change on previous year | 4 |
Countries ranked near South Korea
- 178 Gibraltar -10.74 % change on previous year compare
- 179 Singapore -11.04 % change on previous year compare
- 180 Peru -11.45 % change on previous year compare
- 182 Brazil -11.72 % change on previous year compare
- 183 Philippines -11.78 % change on previous year compare
- 184 Kenya -11.78 % change on previous year compare
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 62.1% (2025)
- Merchandise imports 631.89 billion current US$ (2025)
- Commercial service imports 183.44 billion current US$ (2025)
- Food exports 1.7% (2025)
- Manufactures exports 88.0% (2025)
- Merchandise exports 709.33 billion current US$ (2025)
- Commercial service exports 149.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in South Korea?
- Merchandise imports by the reporting economy (current us$), annual in South Korea was -11.66 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in South Korea?
- The highest recorded value was 69.12 % change on previous year in 1973.
- What is the lowest merchandise imports by the reporting economy (current us$), annual recorded in South Korea?
- The lowest recorded value was -35.17 % change on previous year in 1998.
- How does South Korea rank for merchandise imports by the reporting economy (current us$), annual?
- South Korea ranks 181st out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in South Korea?
- Over the last ten years it is down 1,379.3%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.