Annual growth of imports of goods and services in Korea
Korea: Annual growth of imports of goods and services was 2.5% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth of imports of goods and services in Korea stood at 2.5%.
The figure is down 17.5% on the previous year and up 81.9% over ten years.
Over the whole period, annual growth of imports of goods and services in Korea peaked at 22.4% in 2000 and was at its lowest, -6.6%, in 2009.
That places Korea 115th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 22.4% | — |
| 2001 | -3.5% | -115.6% |
| 2002 | 15.1% | -531.2% |
| 2003 | 10.6% | -29.9% |
| 2004 | 12.0% | +13.3% |
| 2005 | 8.0% | -33.6% |
| 2006 | 12.6% | +58.0% |
| 2007 | 11.5% | -8.9% |
| 2008 | 3.4% | -70.8% |
| 2009 | -6.6% | -296.9% |
| 2010 | 17.8% | -369.7% |
| 2011 | 14.6% | -18.2% |
| 2012 | 2.6% | -82.0% |
| 2013 | 1.9% | -29.3% |
| 2014 | 1.4% | -26.4% |
| 2015 | 1.9% | +42.1% |
| 2016 | 5.4% | +179.5% |
| 2017 | 7.9% | +45.9% |
| 2018 | 1.6% | -79.3% |
| 2019 | -2.0% | -223.4% |
| 2020 | -3.3% | +61.5% |
| 2021 | 10.2% | -412.5% |
| 2022 | 4.2% | -59.2% |
| 2023 | 3.0% | -27.4% |
| 2024 | 2.5% | -17.5% |
Korea compared with similar countries
- Korea's 2.5% is above the median for high income countries, which is 2.5%, 1.0× the median. (59 countries reporting)
- Korea's 2.5% is below the median for East Asia & Pacific, which is 6.5%, 38% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports of goods and services in Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +531.2% | -3.5% | 15.1% |
| 2021 | +412.5% | -3.3% | 10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.6% | -6.6% | 22.4% | 10 |
| 2010s | 5.3% | -2.0% | 17.8% | 10 |
| 2020s | 3.3% | -3.3% | 10.2% | 5 |
Countries ranked near Korea
- 112 United Kingdom of Great Britain and Northern Ireland 2.6% compare
- 112 United Kingdom of Great Britain and Northern Ireland 2.6% compare
- 114 Madagascar 2.5% compare
- 115 Republic of Korea 2.5% compare
- 117 Chile 2.5% compare
- 118 Guinea-Bissau 2.4% compare
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Korea?
- Annual growth of imports of goods and services in Korea was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of imports of goods and services recorded in Korea?
- The highest recorded value was 22.4% in 2000.
- What is the lowest annual growth of imports of goods and services recorded in Korea?
- The lowest recorded value was -6.6% in 2009.
- How does Korea rank for annual growth of imports of goods and services?
- Korea ranks 115th out of 186 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Korea?
- Over the last ten years it is up 81.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of imports of goods and services (%). Statizoid updates them automatically from the source API.
Download this data
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