Asia

South Korean imports cost a total US$642.6 billion in 2023, up 27.7% compared to $503.3 billion during 2019. From 2022 to 2023, South Korea’s overall spending on imported products dropped by -12.1% from $731.4 billion. Based on the average exchange rate for 2023, the South Korean won has depreciated by -12% against the US dollar since 2019 and diluted by -1.1% from 2022 to … [Read more...] about South Korea’s Top 10 Imports

Singapore imported US$422.3 billion worth of goods from around the globe in 2023. That dollar amount results from a 17.6% increase compared to $359 billion five years earlier during 2019. Year over year, the overall value of Singaporean spending on imports decelerated by -11.2% from $475.5 billion in 2022. Based on the average exchange rate for 2023, the Singapore dollar … [Read more...] about Singapore’s Top 10 Imports

Located in Southeast Asia near powerful trade partners including mainland China, Singapore, Taiwan, Japan, Indonesia and South Korea imported US$265.6 billion worth of products from around the world in 2023. That dollar amount reflects a 29.6% acceleration compared to $205 billion five years earlier during 2019. Year over year, the overall cost of imported goods bought by … [Read more...] about Malaysia’s Top 10 Imports