Korea - Cost to import
Cost to import, border compliance (US$)
The latest value for Cost to import, border compliance (US$) in Korea was 314.64 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 314.64 in 2019 and 314.64 in 2014.
Definition: Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2014 | 314.64 |
| 2015 | 314.64 |
| 2016 | 314.64 |
| 2017 | 314.64 |
| 2018 | 314.64 |
| 2019 | 314.64 |
Cost to import, documentary compliance (US$)
The latest value for Cost to import, documentary compliance (US$) in Korea was 26.75 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 26.75 in 2019 and 26.75 in 2014.
Definition: Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2014 | 26.75 |
| 2015 | 26.75 |
| 2016 | 26.75 |
| 2017 | 26.75 |
| 2018 | 26.75 |
| 2019 | 26.75 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Trade facilitation
