South Korea vs Latin America & Caribbean: Imports of goods, services and primary income
Imports of goods, services and primary income over time
- South Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 2.42 trillion BoP, current US$ against 810.63 billion BoP, current US$ in South Korea, a difference of 1.61 trillion BoP, current US$.
That makes Latin America & Caribbean's figure about 3.0 times South Korea's.
Across all 47 years both countries report, Latin America & Caribbean has been ahead every year.
South Korea ranks 16th and Latin America & Caribbean ranks 19th of 200 countries.
Latin America & Caribbean has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | South Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 24.12 billion BoP, current US$ | 122.00 billion BoP, current US$ | 97.89 billion BoP, current US$ | Latin America & Caribbean |
| 1980s | 39.28 billion BoP, current US$ | 159.16 billion BoP, current US$ | 119.88 billion BoP, current US$ | Latin America & Caribbean |
| 1990s | 125.36 billion BoP, current US$ | 336.00 billion BoP, current US$ | 210.64 billion BoP, current US$ | Latin America & Caribbean |
| 2000s | 321.98 billion BoP, current US$ | 770.99 billion BoP, current US$ | 449.01 billion BoP, current US$ | Latin America & Caribbean |
| 2010s | 625.26 billion BoP, current US$ | 1.56 trillion BoP, current US$ | 930.50 billion BoP, current US$ | Latin America & Caribbean |
| 2020s | 765.09 billion BoP, current US$ | 2.04 trillion BoP, current US$ | 1.27 trillion BoP, current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher imports of goods, services and primary income, South Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 2.42 trillion BoP, current US$ against 810.63 billion BoP, current US$ in South Korea as of 2025.
- What is the difference in imports of goods, services and primary income between South Korea and Latin America & Caribbean?
- 1.61 trillion BoP, current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for South Korea and Latin America & Caribbean?
- 47 years are reported by both, from 1979 to 2025.
- How do South Korea and Latin America & Caribbean rank globally for imports of goods, services and primary income?
- South Korea ranks 16th and Latin America & Caribbean ranks 19th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Imports of goods, services and primary income (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.