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KOIMA

Korea's Import

Korea’s import market has rapidly grown along with its export market. As Korea’s economy has progressed, its import volume reached over $436.5 billion in 2015 from merely $1 billion in 1968. The nation’s import market has shown a double digit growth rate consecutively since 2003 in general mainly affected by the global financial crisis. Korea is focusing more on import sector to establish a healthier economic structure.

The Korean government carries out programs to establish advanced trade infrastructures and to increase the number of its overseas trade partners. The government heavily invests in the green industry. As the world’s 8th largest energy- consuming country, Korea declared “Low Carbon, Green Development” as its national vision. In this context, Korea’s import market will offer more opportunities to foreign business partners by riding the “Green” trend.

Currently the Korean government is actively pushing with FTAs. Korea has FTAs with 53 countries including US, China, EU, India, Australia, and etc. Korea is also seeking Korea-China-Japan FTA, RCEP, Central America

Trade Trends of Korea

Trade Trends of Korea

Trade Share of Top 10 Imported Products

Import Volume from 10 Major Countries

Korea’s Trade Surplus by countries

Import Volume by Commodity Groups (~2015)

Agricultural, Forest, Marine Products

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country U.S.A Pr.China Australia Brazil Viet Nam Thailand Indonesia Russia Chile N.Zealand
2015 6,829 4,355 2,502 2,007 1,327 1,236 1,026 1,017 760 760
Livingware

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Pr.China Viet Nam Italy Japan Indonesia U.S.A France Germany Thailand Taiwan
2015 4,171 895 841 458 344 288 215 180 133 82
Mineral Products

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Saudi Aarabia Qatar Australia Russia Kuwait U.S.A Iraq Indonesia Malaysia Oman
2015 18,475 16,149 11,936 11,936 9,116 8,948 7,812 6,265 4,619 3,212
Articles of Iron or Steel Metals

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Pr.China Japan U.S.A Chile Australia India Russia Germany Taiwan Malaysia
2015 12,528 6,927 2,455 1,508 1,065 951 888 777 726 634
Chemical Industry Manufactures

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Japan Pr.China U.S.A Germany Taiwan Malaysia Italy Thailand Viet Nam Canada
2015 11.305 9,612 7,666 3,430 1,194 1,189 1,135 900 785 774
Machinery

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country U.S.A Japan Germany Pr.China Netherlands France U.K Italy Norway Singapore
2015 13,059 12,387 11,467 8,650 2,551 2,344 1,964 1,759 1,446 1,112
Articles of Plastic Rubber or Leather

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Japan Pr.China U.S.A Germany Taiwan Malaysia Italy Thailand Viet Nam Canada
2015 13,059 12,387 11,467 8,650 2,551 2,344 1,964 1,759 1,446 1,112
Electrical, Electronic Articles

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Pr.China Taiwan Japan U.S.A Singapore Germany Viet Nam Malaysia Thailand Philippines
2015 40,755 12,787 10,146 9,277 4,179 3,447 3,378 2,687 1,653 1,564
Textile & Apparel

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country Pr.China Viet Nam Indonesia Italy Myanmar Japan India U.S.A France Bangladesh
2015 6,451 2,838 746 641 401 398 390 346 242 229
Miscellaneous Articles, Sundries

(Unit : Million USD)

Agricultural, Forest, Marine Products
Country U.S.A Pr.China Italy France Japan Germany Ireland U.K Switzerland India
2015 630 318 212 167 158 139 105 82 74 48