Merchandise imports by the reporting economy (current US$), annual in Republic of Korea
Republic of Korea: Merchandise imports by the reporting economy (current US$), annual was -11.66 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in Republic of Korea, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for merchandise imports by the reporting economy (current us$), annual in Republic of 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$), annual in Republic of Korea peaked at 69.12 % change on previous year in 1973 and was at its lowest, -35.17 % change on previous year, in 1998.
Republic of Korea ranks 181st of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), annual in Republic of 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% |
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 Republic of 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 Republic of Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in Republic of Korea?
- Merchandise imports by the reporting economy (current us$), annual in Republic of Korea was -11.66 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in Republic of 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$), annual recorded in Republic of Korea?
- The lowest recorded value was -35.17 % change on previous year in 1998.
- How does Republic of Korea rank for merchandise imports by the reporting economy (current us$), annual?
- Republic of Korea ranks 181st out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in Republic of Korea?
- Over the last ten years it is down 1,379.3%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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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.