Korea, Rep.'s goods imports (current US$, BoP) was US$580.87 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 37.38% from US$422.81 billion in 2015 (3.23% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$580.87 billion | 2025 |
| Five years earlier | US$438.77 billion | 2020 |
| Ten years earlier | US$422.81 billion | 2015 |
| Highest | US$679.42 billion | 2022 |
| Lowest | US$8.4 billion | 1976 |
| Average since 2016 | US$532.08 billion | 2016–2025 |
| First recorded | US$8.4 billion |
What the numbers say
In 2025, Korea, Rep.'s goods imports (current US$, BoP) fell 2.1% on 2024 (from US$593.06 billion to US$580.87 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +8% and a typical year strayed about 19.1% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 39.4% in 2000 and the biggest yearly fall was 36.8% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about US$22.45 billion a year. A straight line explains 60% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Korea, Rep. had the 12th highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Korea, Rep. | US$580.87 billion | 2025 |
| World | US$25.08 trillion | 2025 |
| East Asia & Pacific | US$7.47 trillion | 2025 |
| High income | US$16.9 trillion | 2025 |
Closest to Korea, Rep. in the 2025 ranking
- Mexico — 9th of 136: US$664.79 billion
- Netherlands — 10th of 136: US$656.76 billion
- Italy — 11th of 136: US$596.71 billion
- Canada — 13th of 136: US$577.62 billion
- Switzerland — 14th of 136: US$511.9 billion
- Spain — 15th of 136: US$498.72 billion
What this measures
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 50 values
| Year | Goods imports (current US$, BoP) |
|---|---|
| 2025 | 580,869,300,000 |
| 2024 | 593,064,800,000 |
| 2023 | 597,486,700,000 |
| 2022 | 679,420,400,000 |
| 2021 | 575,981,000,000 |
| 2020 | 438,766,400,000 |
| 2019 | 476,855,800,000 |
| 2018 | 516,179,700,000 |
| 2017 | 466,717,300,000 |
| 2016 | 395,464,400,000 |
Goods imports (current US$, BoP) in nearby economies
- Australia — US$308.66 billion (2025)
- Brunei Darussalam — US$6.28 billion (2025)
- Cambodia — US$36.93 billion (2025)
- China — US$2.69 trillion (2025)
- Fiji — US$2.86 billion (2024)
- French Polynesia — US$1.49 billion (2016)
- Hong Kong SAR, China — US$747.98 billion (2025)
- Indonesia — US$230.58 billion (2025)
- Japan — US$728.97 billion (2025)
- Kiribati — US$270.56 million (2025)
- Lao PDR
More economic policy & debt data for Korea, Rep.
- Total reserves, including gold (current US$) — US$436.57 billion (2025)
- Total reserves, excluding gold (current US$) — US$421.91 billion (2025)
- General government final consumption expenditure (current US$) — US$330.43 billion (2025)
- General government final consumption expenditure (current LCU) — 470.02 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$332.28 billion (2025)
- General government final consumption expenditure (constant LCU) — 411.92 trillion (2025)
- General government final consumption expenditure (% of GDP) — 17.65% (2025)
- Households and NPISHs final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Korea, Rep.'s goods imports (current US$, BoP)?
- US$580.87 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 6,812% from US$8.4 billion in 1976 (9.03% a year on average, compounded). The highest value was US$679.42 billion in 2022 and the lowest US$8.4 billion in 1976.
- How does Korea, Rep. rank?
- 12th highest of 136 economies with data for 2025.
- Is the latest change in goods imports (current US$, BoP) unusual for Korea, Rep.?
- In 2025, Korea, Rep.'s goods imports (current US$, BoP) fell 2.1% on 2024 (from US$593.06 billion to US$580.87 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +8% and a typical year strayed about 19.1% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BM.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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