South Korea Import Trade Data

11-Apr-2025

Expand Your Import Business in South Korea

Volza's Big Data technology scans over 2 billion Import shipment records in South Korea to identify top & new suppliers, economial sourcing, and profitable products.
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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

country 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:

  1. Crude oil (HS code: 2709) - Primary energy source.
  2. Integrated circuits (HS code: 8542) - Essential for electronics manufacturing.
  3. Natural gas (HS code: 2711) - Energy production.
  4. Coal (HS code: 2701) - Industrial power generation.
  5. Petroleum products (HS code: 2710) - Various industrial uses.
  6. Automobile parts (HS code: 8708) - Automotive manufacturing.
  7. Computers (HS code: 8471) - Technology infrastructure.
  8. Medicaments (HS code: 3004) - Healthcare sector.
  9. Mobile phones (HS code: 8517) - Consumer electronics.
  10. 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

Source : Volza Import Data
South Korea
Import Data
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33,125,739 Bill of Ladings, 209,202 Buyers & 802,023 Suppliers
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Import
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Export
Jan-Dec 2024
Shipments
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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.

South Korea Top 10 Importers
Line Chart
Data Source: Volza Import Data
South Korea Top 10 Importers
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
Data Source: Volza Import Data

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.
South Korea Top 10 Import Products
Line Chart
Data Source: Volza Import Data
South Korea Top 10 Import Products
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
Data Source: Volza Import Data

Trading Partners

Top Trading Partners of South Korea

Africa-CentralAfrica-East Africa-NorthCameroonDjiboutiEthiopiaKenyaUgandaZimbabweEgyptSouth KoreaAfrica-CentralAfrica-East Africa-NorthCameroonCentral AfricaDjiboutiEthiopiaKenyaUgandaZimbabweAlgeriaEgypt

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.

South Korea Top 1 Import Trading Partners
Line Chart
Data Source: Volza Import Data
South Korea Top 1 Import Trading Partners
Rank Import Trading Partners Shipments
1 India 2,223,842
Data Source: Volza Import Data

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.

South Korea Import Fields
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:
Data Source: Volza Import Data
South Korea Import Fields
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
Total 72 Fields
Data Source: Volza Import Data

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.

South Korea Top 10 Import Ports
Line Chart
Data Source: Volza Import Data
South Korea Top 10 Import Ports
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
Data Source: Volza Import Data

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

Africa-Central


Africa-East


Africa-North


Africa-South


Africa-West


America-Central


Asia-Central


Asia-East


Asia-South


Asia-Southeast


Asia-West


Australia/Oceania


Europe-East


Europe-North


Europe-South


Europe-West


Middle-East


North America


South America


The Caribbean

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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.