South Korea’s e-commerce imports hit new high in 2021 amid pandemic
SEOUL, 30 Dec. (Korea Bizwire) – South Korea’s imports via e-commerce hit a new all-time high in 2021, as more people buy foreign products online, government data showed on Thursday.
The country’s e-commerce imports amounted to $ 4.15 billion in the first 11 months of this year, up 25.7% from the previous year, according to data from the Korea Customs Service .
The amount for the 11 month period exceeds the full year figure for 2020.
The number of e-commerce transactions rose to 79 million during the period, up 40.6% from the previous year.
According to the data, 47.3% of South Koreans in their 20s to 50s have made direct purchases overseas this year, with 40-year-olds making up the largest portion of total direct buyers.
Health products lead their purchasing list with 19.4%, followed by clothing with 17.7%, electronic and computer products with 10.4% and shoes with 7.3%.
Food products registered the highest annual growth rate of 44.2%, followed by books with 40.5% and shoes with 28.9%.
The main sources of food imports were the United States, China and Japan, according to the data.
In November, e-commerce imports reached $ 450 million, the highest monthly figure of the year, with imports likely remaining strong in December, the service said.