Foreign purchases continue to grow


Korea’s e-commerce imports hit a new high in 2021 as more people purchased foreign products online, government data showed on Thursday.

E-commerce imports reached $ 4.15 billion in the first 11 months of this year, up 25.7 percent 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 amounted to 79 million, up 40.6% from the previous year.

According to the data, 47.3% of Koreans in their 20s to 50s have made direct purchases abroad this year, with the 40-year-old making up the largest portion of direct buyers.

Health products lead the 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.
Yonhap

About Candace Victor

Check Also

Lawmakers consider U.S. carbon import fees amid bipartisan energy bill talks

Discussions among U.S. lawmakers over a potential bipartisan energy and climate bill have included a …