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South Korea Imports (% GDP)

South Korea's imports (% GDP) fell to 43.94% in 2023, down from 48.26% in 2022, according to World Bank. This represents a decrease of 4.32% from the previous year. South Korea has imports (% GDP) lower than the global median (43.94% vs median 45.74%). Compared with the median in Asia, South Korea is lower (43.94% vs regional median 45.37%) and ranks 25th out of 45 countries in Asia.

South Korea's exports (% GDP) fell to 44% in 2023, down from 48.27% in 2022.

Yearly Historical Data (1960-2023)

(in %)
Year Imports (% GDP)
2023 43.94%
2022 48.26%
2021 38.32%
2020 32.67%
2019 36.48%
2018 37.28%
2017 36.19%
2016 33.47%
2015 36.14%
2014 42.78%
2013 46.66%
2012 51.36%
2011 52.23%
2010 44.3%
2009 40.95%
2008 47.87%
2007 36.48%
2006 35.03%
2005 33.04%
2004 33.26%
2003 29.78%
2002 28.58%
2001 30.44%
2000 32.16%
1999 27.17%
1998 28.96%
1997 29.18%
1996 27.85%
1995 26.74%
1994 24.6%
1993 23.25%
1992 24.69%
1991 26.05%
1990 25.76%
1989 25.56%
1988 26.21%
1987 28.18%
1986 28.14%
1985 25.79%
1984 28.46%
1983 30.03%
1982 32.86%
1981 37.19%
1980 37.09%
1979 30.89%
1978 29.22%
1977 27.88%
1976 28.35%
1975 31.33%
1974 33.3%
1973 27.65%
1972 21.44%
1971 23.01%
1970 21.12%
1969 22.45%
1968 22.64%
1967 19.68%
1966 18.22%
1965 14.33%
1964 12.38%
1963 14.66%
1962 15.61%
1961 13.95%
1960 11.96%
South Korea Imports (% GDP) : Definition
Imports (% GDP) measures the value of goods and services bought from other countries by South Korea compared to its total economic output.
Indicator Last Value Prior Value Period
Annual Exports $683.13B $631.8B 2024
Annual Imports $631.73B $642.55B 2024
Balance of Trade $9.6B $6.5B Sep'25
Exports $66B $58.4B Sep'25
Exports (% GDP) 44% 48.27% 2023
FDI Inflows (% GDP) 1.11% 1.5% 2023
Imports $56.4B $51.9B Sep'25
Net Trade (Goods & Services, BoP) $76.43B $10.83B 2024
Tariff Rate 5.73% 5% 2022
Trade (% GDP) 87.94% 96.54% 2023