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Import of Goods Value from South Korea (1990-2023)

Import of Goods Value from South Korea (1990-2023)

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TGM StatBox. (2024). Import of Goods Value from South Korea (1990-2023). TGM StatBox.
Chart Details
Data Source: World Trade Organization (WTO)
Timeframe: 1990-2023
Country: South Korea
Published date: 2024
Note: Merchandise imports by product group (Million US dollars), as defined by the World Trade Organization (WTO), refers to the total value of goods imported into a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
South Korea's imports surged from $69.8B in 1990 to $731.4B in 2022, reflecting rapid industrialization and global trade integration. The 1990s saw strong growth, with imports doubling to $160.5B by 2000, driven by the electronics and automotive sectors.

While the 1997 Asian financial crisis caused a dip to $93.3B in 1998, recovery was swift. A steady climb through the 2000s, reaching $435.3B in 2008, underscored South Korea’s position as an industrial leader. Post-pandemic recovery and energy demand pushed imports to a record high in 2022, followed by stabilization at $642.6B in 2023.

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