South Korea Import Trade Data

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Key Indicators
- Export Shipments
- 78,279,496
- Suppliers
- 802,023
- Export Trading Partners
- 114
- Import Shipments
- 33,125,739
- Buyers
- 209,202
- Import Trading Partners
- 101
Overview

South Korea Import Trade Overview
Introduction:
South Korea's import market is integral to its high-tech, export-oriented economy, supporting key sectors such as electronics, automotive, and machinery. These imports not only fulfill domestic demands but also enhance its manufacturing capabilities, offering substantial opportunities for global exporters.
Economic Overview:
As the world’s 10th largest economy, South Korea's economic strength is underpinned by significant industries including electronics, telecommunications, and automobile manufacturing. Despite its technological advancements, South Korea relies heavily on imports for raw materials, components, and energy resources, which are crucial for its production sectors.
Political and Regulatory Environment:
South Korea’s stable political environment and strategic trade policies, including free trade agreements with the US and EU, facilitate a favorable import climate. Recent legislation aims to streamline trade processes and enhance economic cooperation, impacting import dynamics positively.
Opportunities and Challenges for Exporters:
Exporters can find opportunities in supplying industrial machinery, energy solutions, and high-tech components. Challenges include navigating South Korea's stringent quality standards and competitive local market.
Top 10 Import Products:
- Crude oil (HS code: 2709) - Primary energy source.
- Integrated circuits (HS code: 8542) - Essential for electronics manufacturing.
- Natural gas (HS code: 2711) - Energy production.
- Coal (HS code: 2701) - Industrial power generation.
- Petroleum products (HS code: 2710) - Various industrial uses.
- Automobile parts (HS code: 8708) - Automotive manufacturing.
- Computers (HS code: 8471) - Technology infrastructure.
- Medicaments (HS code: 3004) - Healthcare sector.
- Mobile phones (HS code: 8517) - Consumer electronics.
- Steel products (HS code: 7208) - Construction and manufacturing.
Top Buyers:
Z To Order and NA, JK INTERNATIONAL, CANTIK FURNITURE
Solution for Global Exporters:
To effectively penetrate South Korea’s dynamic market, global exporters should utilize Volza’s online import data. Volza offers detailed, actionable insights that can help exporters identify market trends, optimize strategies, and navigate the complexities of South Korean trade. Visit Volza for real-time import data and competitive intelligence to maximize trade opportunities.
Import Database - Factsheet
-
Data Source
-
Detailed Mirror data
-
Data Available From
- 01, Jan, 2019
-
Data Coverage
-
40%
-
Last Shipment
- 31, Dec, 2022
-
Update Frequency
- Monthly
-
-
- 33,125,739
-
- -99.63%
-
- 101
-
- -65.99%
Search Import Export Data
South Korea Import Data
33,125,739
Product | Importers | Suppliers | Arrival Date |
---|---|---|---|
FRAMEASSYRR SEAT CUSHION,RH 89210GW500 |
India
|
India
|
30-Nov-2024 |
SYNTHETIC ALUMINIUM OXIDE NET CONTENT: |
India
|
India
|
30-Nov-2024 |
TEMPERED-TOUGHENED SAFETY GLASS CONTRAFL |
India
|
India
|
30-Nov-2024 |
MOBILE PHONE - SMART PHONE - SM-A156EZKN |
India
|
India
|
30-Nov-2024 |
SHIELD COVER 2ND CUSH INR RH 89292GW500D |
India
|
India
|
30-Nov-2024 |
COVERING ASSY- RR SEAT BACK LH 89360GW20 |
India
|
India
|
30-Nov-2024 |
Top 10 Importers
South Korea Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in South Korea. To assist you in identifying the leading importers in South Korea, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in South Korea are companies like SAMSUNG ELECTRONICS HUIZHOU CO LTD , HYUNDAI MOTOR COMPANY , and H&M HENNES&MAURITZ GBC AB . These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Rank | Importers | Shipments |
---|---|---|
1 | SAMSUNG ELECTRONICS HUIZHOU CO LTD | 64,931 |
2 | HYUNDAI MOTOR COMPANY | 54,762 |
3 | H&M Hennes&Mauritz GBC AB | 51,695 |
4 | SCHAEFFLER KOREA CORPORATION | 43,219 |
5 | HYUNDAI GLOVIS CO LTD | 23,834 |
6 | BC HOUSE LTD | 18,564 |
7 | GM KOREA COMPANY | 14,735 |
8 | HYOSUNG GOODSPRING INC | 14,248 |
9 | WALVOIL FLUID POWER KOREA | 13,980 |
10 | ELAND WORLD LTD | 13,000 |
Top 10 Import Products
South Korea Top 10 Import Products
As the South Korea import data reveals, the nation's top import products for 2024 were prominently characterized by:
- Cotton Knitting Yarn: 36.31% - Used Steel: 23.37% - Round Cut Diamond: 13.90% - Automobile Component: 11.61% - Lab Grown Diamond: 6.23% - Valve Solenoid: 3.00% - Seat Belt: 2.28% - Automotive Wiring Harness: 2.13% - Radial Bearing: 1.18% - Poly Core Sewing Thread: 0.00%These top 10 import items represented a significant 61.4% of South Korea's total import value for 2024. When analyzing South Korea's customs records, it's evident that the fastest-growing import categories were mineral fuels & oils, animal or vegetable fats & oils, and articles of stone, showing a robust upward trend. Conversely, the declining sectors in the import landscape included products of the milling industry, optical and photographic equipment, as well as electrical machinery & equipment. These top 10 import items represented a significant 61.4% of South Korea's total import value for 2024. When analyzing South Korea's customs records, it's evident that the fastest-growing import categories were mineral fuels & oils, animal or vegetable fats & oils, and articles of stone, showing a robust upward trend. Conversely, the declining sectors in the import landscape included products of the milling industry, optical and photographic equipment, as well as electrical machinery & equipment. For businesses and market analysts, the subsequent chart offers a deeper dive, showcasing the monetary value and market dynamics of South Korea’s top 10 import commodities for 2024.
Rank | Import Products | Shipments |
---|---|---|
1 |
COTTON KNITTING YARN |
12,843,432 |
2 |
Used Steel |
8,269,020 |
3 |
Round Cut Diamond |
4,915,650 |
4 |
Automobile Component |
4,108,511 |
5 |
Lab Grown Diamond |
2,203,550 |
6 |
Valve Solenoid |
1,060,074 |
7 |
Seat Belt |
805,043 |
8 |
Automotive Wiring Harness |
753,445 |
9 |
Radial Bearing |
415,886 |
10 |
Poly Core Sewing Thread |
1,545 |
Trading Partners
Top Trading Partners of South Korea
Top 1 Import Trading Partners
South Korea Top 1 Import Trading Partners
South Korea trade data from 2024 highlights the nation's top
1
import partners as follows:
INDIA (USD 2,223,842)
.
The growth rates for the leading three
importers were as follows:
India
at 100.00%
.
Trade balance analysis reveals that South Korea had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year.
South Korea import statistics show that the country's top
1
import partners in 2024 collectively contributed 87.2% to the overall value of
import shipments. Furthermore,
South Korea’s major imports from
India include
Used Steel,
Automobile Component,
COTTON KNITTING YARN,
Valve Solenoid,
Automotive Wiring Harness,
Round Cut Diamond,
Seat Belt,
Radial Bearing,
Poly Core Sewing Thread,
Lab Grown Diamond,
products.
The provided chart below breaks down the values in percentile of
South Korea’s top 1
import partners for 2024.
Rank | Import Trading Partners | Shipments |
---|---|---|
1 | India | 2,223,842 |
Import Data Sample Record
South Korea Import Data Sample Record
South Korea import data covers all important shipping details that are essential for businesses to find
importers in South Korea, analyze market trends, and identify potential industries.
South Korea trade data contains customs-based details including Date,
Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country.
View South Korea import data sample with complete number of fields available in data.
Date: |
30 Nov 2024
|
HS Code: |
87089900
|
Quantity: |
16
|
Quantity Unit: |
NOS
|
Value FC: |
1,452.96
|
Value: | |
HS Description: |
Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
|
Exporter: |
Hyundai Transys India Pvt Ltd
|
Importer: |
S.No | Data Fields |
---|---|
1 |
Date
|
2 |
HSN Code
|
3 |
Quantity
|
4 |
Quantity Unit
|
5 |
Value FC
|
6 |
Value
|
7 |
HSN Description
|
8 |
Exporter
|
9 |
Importer
|
Top 10 Import Ports
South Korea Top 10 Import Ports
South Korea's global import trade operates through over 10 ports. Busan stands as the predominant port, handling 965,905 import shipments, which constitutes a 44% market share. Seoul follows with an 38% share, accounting for 840,381 shipments, while Incheon contributes a 44.61% market share with its 142,337 shipments. For detailed import trade statistics of each port in South Korea, refer to the provided links below. Collectively, these ports underscore the integrated nature of South Korea's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across South Korea.
Rank | Import Ports | Shipments |
---|---|---|
1 |
Busan |
965,905 |
2 |
Seoul |
840,381 |
3 |
Incheon |
142,337 |
4 |
Thoothibari LCS |
87,714 |
5 |
Saint Brevin Locean |
66,430 |
6 |
Kwangyang |
19,243 |
7 |
Ulsan |
16,666 |
8 |
Saint-brevin-l'ocean |
10,754 |
9 |
Yinchuan |
8,086 |
10 |
Batumi |
7,759 |
Import Bill of Lading
- Import Shipments of South Korea
- 33,125,739
- Date
- 30-11-2024
- Shipper Name
- Hyundai Transys
- Consignee Address
- Hwaseong-si Gyeonggi-do
- Weight Unit
- NOS
- Quantity
- 16
- Shipment Origin
- India
- Port of origin
- Bangalore Air
Datasets
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Frequently Asked Questions
What information is included in South Korea Import Data?
South Korea Import Data includes details about imported products, such as their descriptions, HS codes (Harmonized System codes), origins, quantities, values, importers' details, shipment details, and customs duties paid.
How often is the South Korea Import Trade Data updated on Volza.com?
The frequency of updates for South Korea Import Trade Data on Volza.com may vary, but the platform strives to ensure regular updates. The goal is to provide users with the most current and accurate information available. It is recommended to check the platform regularly or contact the Volza.com support team for specific details on data update schedules.
How frequently is the South Korea Import trade data updated on Volza.com?
The South Korea import trade data on Volza.com is regularly updated to provide the most current information available. The website strives to ensure that users have access to the latest import trade data for South Korea.
What types of import trade data can I find on Volza.com?
Volza.com offers a wide range of import trade data for South Korea. You can find data related to various sectors and industries, including agriculture, manufacturing, energy, textiles, and more. The website aims to provide comprehensive information to cater to the diverse needs of users interested in South Korea's import trade.
Why is South Korea Import Data important?
South Korea Import Data plays a crucial role in understanding the country's trade dynamics, economic trends, and market demand. It aids businesses, policymakers, researchers, and investors in making informed decisions related to international trade and investment.
Can I access historical South Korea Import Data?
Yes, historical South Korea Import Data is valuable for tracking changes in import patterns over months or years, identifying seasonality, and understanding long-term trends.