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Economy > Trade > Imports Stats: compare key data on China & South Korea

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Definitions

  • Customs and other import duties > Current LCU: Customs and other import duties (current LCU). Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Documents to import > Number: Documents to import (number). All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.
  • Goods and services: Imports of goods and services as a % of GDP, 2000
  • Goods and services > BoP > Current US$ > Per $ GDP: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Goods and services > BoP > Current US$ > Per capita: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per capita figures expressed per 1 population.
  • Goods and services > Constant 2000 US$: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant 2000 U.S. dollars.
  • Goods and services > Constant 2000 US$ > Per capita: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant 2000 U.S. dollars. Per capita figures expressed per 1 population.
  • Goods and services > Current US$: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars.
  • Goods and services > Current US$ > Per $ GDP: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Goods and services > Current US$ > Per capita: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Per capita figures expressed per 1 population.
  • Goods and services > Current US$ per capita: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Imports of goods and services > Constant LCU: Imports of goods and services (constant LCU). Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency.
  • Imports of goods and services > Constant LCU per capita: Imports of goods and services (constant LCU). Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency. Figures expressed per capita for the same year.
  • Per $ GDP: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Per capita figures expressed per 1 population.
  • Food imports > % of merchandise imports: Food imports (% of merchandise imports). Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).
  • Goods and services > BoP > Current US$ per capita: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Leading import source: Country or customs union which is the main supplier of imports.
  • Customs and other import duties > Current LCU per capita: Customs and other import duties (current LCU). Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services. Figures expressed per capita for the same year.
  • Documents to import > Number per million: Documents to import (number). All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included. Figures expressed per million population for the same year.
  • Goods and services > Annual % growth: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments.
  • Goods and services > BoP > Current US$: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars.
  • Goods and services > Constant LCU: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant local currency.
STAT China South Korea HISTORY
Customs and other import duties > Current LCU 205.45 billion
Ranked 18th.
10.99 trillion
Ranked 2nd. 53 times more than China

Documents to import > Number 5
Ranked 148th. 67% more than South Korea
3
Ranked 185th.

Goods and services 23%
Ranked 137th.
42%
Ranked 74th. 83% more than China
Goods and services > BoP > Current US$ > Per $ GDP 0.319 BoP $ per $1 of GDP
Ranked 98th.
0.399 BoP $ per $1 of GDP
Ranked 81st. 25% more than China

Goods and services > BoP > Current US$ > Per capita 545.87 BoP $ per capita
Ranked 107th.
6,501.6 BoP $ per capita
Ranked 41st. 12 times more than China

Goods and services > Constant 2000 US$ 602.85 billion constant 2000 US$
Ranked 2nd. 2 times more than South Korea
285.18 billion constant 2000 US$
Ranked 8th.

Goods and services > Constant 2000 US$ > Per capita 462.13 constant 2000 US$ per c
Ranked 83th.
5,905.13 constant 2000 US$ per c
Ranked 18th. 13 times more than China

Goods and services > Current US$ 712.09 billion$
Ranked 2nd. 2 times more than South Korea
314.97 billion$
Ranked 9th.

Goods and services > Current US$ > Per $ GDP 0.319$ per $1 of GDP
Ranked 112th.
0.4$ per $1 of GDP
Ranked 87th. 25% more than China

Goods and services > Current US$ > Per capita 545.87$ per capita
Ranked 97th.
6,521.91$ per capita
Ranked 29th. 12 times more than China

Goods and services > Current US$ per capita 546.2$
Ranked 95th.
6,543.07$
Ranked 29th. 12 times more than China

Imports of goods and services > Constant LCU 8.01 trillion
Ranked 14th.
481.65 trillion
Ranked 3rd. 60 times more than China

Imports of goods and services > Constant LCU per capita 5,927.41
Ranked 81st.
9.63 million
Ranked 2nd. 1625 times more than China

Per $ GDP $0.28 per $1 of GDP
Ranked 110th.
$0.34 per $1 of GDP
Ranked 88th. 21% more than China

Per capita $975.57 per capita
Ranked 48th.
$7,128.18 per capita
Ranked 37th. 7 times more than China

Food imports > % of merchandise imports 5.4%
Ranked 77th. 13% more than South Korea
4.8%
Ranked 82nd.

Goods and services > BoP > Current US$ per capita 546.2 BoP $
Ranked 106th.
6,522.69 BoP $
Ranked 40th. 12 times more than China

Leading import source Japan China
Customs and other import duties > Current LCU per capita 153.58
Ranked 64th.
220,778.68
Ranked 3rd. 1438 times more than China

Documents to import > Number per million 0.0037
Ranked 188th.
0.06
Ranked 175th. 16 times more than China

Goods and services > Annual % growth 11.39%
Ranked 47th. 65% more than South Korea
6.9%
Ranked 76th.

Goods and services > BoP > Current US$ 712.09 billion BoP $
Ranked 3rd. 2 times more than South Korea
313.99 billion BoP $
Ranked 12th.

Goods and services > Constant LCU 3172150000000 322530900000000

SOURCES: International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators.; World Bank, Doing Business project (http://www.doingbusiness.org/).; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Development Indicators database; World Development Indicators database. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbooks 18 December 2003 to 28 March 2011; World Bank staff estimates; World Trade Organization Trade Profiles database, loaded 2010; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

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