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

Definitions

  • Commodities: A rank ordering of imported products 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.
  • 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.
  • 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 > 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$: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars.
  • Goods and services > BoP > Current US$ > 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. 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.
  • Imports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • Partners: A rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
  • 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.
  • 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.
  • 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$ > 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.
  • 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.
  • 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.
STAT South Korea United Kingdom HISTORY
Commodities electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics manufactured goods, machinery, fuels; foodstuffs
Documents to import > Number 3
Ranked 185th.
4
Ranked 170th. 33% more than South Korea

Documents to import > Number per million 0.06
Ranked 175th.
0.0633
Ranked 174th. 5% more than South Korea

Food imports > % of merchandise imports 4.8%
Ranked 82nd.
8.87%
Ranked 55th. 85% more than South Korea

Goods and services 42%
Ranked 74th. 45% more than United Kingdom
29%
Ranked 122nd.
Goods and services > Annual % growth 6.9%
Ranked 76th. 30% more than United Kingdom
5.3%
Ranked 85th.

Goods and services > BoP > Current US$ 313.99 billion BoP $
Ranked 12th.
669.82 billion BoP $
Ranked 4th. 2 times more than South Korea

Goods and services > BoP > Current US$ > Per $ GDP 0.399 BoP $ per $1 of GDP
Ranked 81st. 31% more than United Kingdom
0.305 BoP $ per $1 of GDP
Ranked 104th.

Goods and services > BoP > Current US$ > Per capita 6,501.6 BoP $ per capita
Ranked 41st.
11,121.73 BoP $ per capita
Ranked 23th. 71% more than South Korea

Goods and services > Constant 2000 US$ 285.18 billion constant 2000 US$
Ranked 8th.
543.36 billion constant 2000 US$
Ranked 3rd. 91% more than South Korea

Goods and services > Constant 2000 US$ per capita 5,924.29 constant 2000 US$
Ranked 18th.
9,022.22 constant 2000 US$
Ranked 13th. 52% more than South Korea

Goods and services > Current LCU 322567200000000 362811000000
Goods and services > Current US$ 314.97 billion$
Ranked 9th.
659.66 billion$
Ranked 3rd. 2 times more than South Korea

Imports of goods and services 603.47 billion
Ranked 7th.
834.86 billion
Ranked 4th. 38% more than South Korea

Partners China 16.8%, Japan 15.3%, US 9%, Saudi Arabia 6.1%, Australia 4.6% Germany 12.87%, US 9.74%, China 8.88%, Netherlands 6.94%, France 6.64%, Belgium 4.86%, Norway 4.84%, Ireland 4.01%, Italy 3.99%
Imports of goods and services per capita 12,068.34
Ranked 42nd.
13,204.12
Ranked 34th. 9% more than South Korea

Per $ GDP $0.34 per $1 of GDP
Ranked 88th. 32% more than United Kingdom
$0.26 per $1 of GDP
Ranked 121st.

Goods and services > Constant 2000 US$ > Per capita 5,905.13 constant 2000 US$ per c
Ranked 18th.
9,021.9 constant 2000 US$ per c
Ranked 13th. 53% more than South Korea

Goods and services > Current US$ > Per capita 6,521.91$ per capita
Ranked 29th.
10,952.92$ per capita
Ranked 17th. 68% more than South Korea

Goods and services > Current US$ > Per $ GDP 0.4$ per $1 of GDP
Ranked 87th. 33% more than United Kingdom
0.3$ per $1 of GDP
Ranked 120th.

Goods and services > Constant LCU 322530900000000 359104800000
Per capita $7,128.18 per capita
Ranked 37th.
$10,224.39 per capita
Ranked 24th. 43% more than South Korea

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; World Bank, Doing Business project (http://www.doingbusiness.org/).; 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.; 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; 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.

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