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

Definitions

  • Commodities: A rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
  • 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.
  • 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.
  • 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: Imports of goods and services as a % of GDP, 2000
  • Goods and services > BoP > Current US$: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars.
  • Goods and services > BoP > Current US$ > 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 > 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.
  • Goods and services > Current 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 current local currency.
  • 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 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: GDP by Type of Expenditure at current prices - US dollars.
  • Leading import source: Country or customs union which is the main supplier of imports.
  • 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.
  • Partners: A rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
  • 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.
  • Imports of goods and services per capita: GDP by Type of Expenditure at current prices - US dollars. Figures expressed per capita for the same year.
  • 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 $ 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.
  • 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.
  • 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.
STAT Singapore South Korea HISTORY
Commodities machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Customs and other import duties > Current LCU 25 million
Ranked 92nd.
10.99 trillion
Ranked 2nd. 439606 times more than Singapore

Customs and other import duties > Current LCU per capita 5.45
Ranked 93th.
220,778.68
Ranked 3rd. 40523 times more than Singapore

Food imports > % of merchandise imports 3.32%
Ranked 87th.
4.8%
Ranked 82nd. 44% more than Singapore

Goods and services 161%
Ranked 1st. 4 times more than South Korea
42%
Ranked 74th.
Goods and services > BoP > Current US$ 248.63 billion BoP $
Ranked 14th.
313.99 billion BoP $
Ranked 12th. 26% more than Singapore

Goods and services > BoP > Current US$ > Per $ GDP 2.13 BoP $ per $1 of GDP
Ranked 1st. 5 times more than South Korea
0.399 BoP $ per $1 of GDP
Ranked 81st.

Goods and services > BoP > Current US$ > Per capita 57,263.55 BoP $ per capita
Ranked 2nd. 9 times more than South Korea
6,501.6 BoP $ per capita
Ranked 41st.

Goods and services > BoP > Current US$ per capita 58,283.77 BoP $
Ranked 2nd. 9 times more than South Korea
6,522.69 BoP $
Ranked 40th.

Goods and services > Current LCU 414092800000 322567200000000
Goods and services > Current US$ 248.77 billion$
Ranked 11th.
314.97 billion$
Ranked 9th. 27% more than Singapore

Goods and services > Current US$ per capita 58,317.69$
Ranked 2nd. 9 times more than South Korea
6,543.07$
Ranked 29th.

Imports of goods and services 493.55 billion
Ranked 11th.
603.47 billion
Ranked 7th. 22% more than Singapore

Leading import source European Union China
Per $ GDP $1.85 per $1 of GDP
Ranked 3rd. 5 times more than South Korea
$0.34 per $1 of GDP
Ranked 88th.

Partners US 14.7%, Malaysia 11.6%, China 10.5%, Japan 7.6%, Indonesia 5.8%, South Korea 5.7% China 16.8%, Japan 15.3%, US 9%, Saudi Arabia 6.1%, Australia 4.6%
Documents to import > Number 3
Ranked 179th. The same as South Korea
3
Ranked 185th.

Imports of goods and services per capita 92,905.85
Ranked 3rd. 8 times more than South Korea
12,068.34
Ranked 42nd.

Goods and services > Current US$ > Per capita 57,296.88$ per capita
Ranked 2nd. 9 times more than South Korea
6,521.91$ per capita
Ranked 29th.

Goods and services > Current US$ > Per $ GDP 2.13$ per $1 of GDP
Ranked 1st. 5 times more than South Korea
0.4$ per $1 of GDP
Ranked 87th.

Per capita $61,142.08 per capita
Ranked 1st. 9 times more than South Korea
$7,128.18 per capita
Ranked 37th.

Imports of goods and services > Constant LCU 605.05 billion
Ranked 44th.
481.65 trillion
Ranked 3rd. 796 times more than Singapore

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators.; 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 staff estimates; 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.; United Nations Statistics Division. Source tables; World Trade Organization Trade Profiles database, loaded 2010; World Bank, Doing Business project (http://www.doingbusiness.org/).; United Nations Statistics Division. Source tables. 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

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