Data Updates

Overall, South Korea's trade values showed a mixed performance. Month-on-month, total imports increased significantly, particularly from China and South Africa, while exports surged notably to the United States and Hong Kong. Year-on-year, imports from the United States and China also showed positive growth, but several countries like Kuwait and Oman faced declines. Exports to Hong Kong and Chinese Taipei saw substantial increases, contrasting with declines to Indonesia and Japan. The total trade flow indicates a robust increase in both imports and exports, reflecting a dynamic trade environment.

In the month-on-month analysis, imports from China saw a significant increase of 594.7M, reflecting a 5.24% rise. The Netherlands and South Africa also showed strong growth, with increases of 196.97M (29.99%) and 104.39M (96.40%) respectively. On the downside, imports from the United Arab Emirates dropped by 285.08M (-27.93%), while Brazil and Hong Kong experienced declines of 302.29M (-39.43%) and 312.24M (-33.48%). In exports, the United States led with a remarkable increase of 1.63B (18.71%), followed by Hong Kong with 718.64M (23.61%) and Malaysia with 571.46M (81.14%). Conversely, exports to Poland fell by 92.29M (-17.53%), with the Marshall Islands and Panama also declining by 132.51M (-28.41%) and 139.6M (-66.67%) respectively.

Year-on-year, imports from the United States increased by 631.45M (11.64%), while imports from China rose by 505.76M (4.42%). Australia also showed a positive trend with an increase of 398.24M (16.94%). On the negative side, imports from Kuwait decreased by 235.73M (-35.78%), Oman by 321.79M (-71.54%), and Qatar by 346.1M (-35.54%). In exports, Hong Kong experienced a substantial increase of 1.32B (54.07%), followed by Chinese Taipei with 873.21M (26.89%) and China with 805.84M (7.16%). However, exports to Indonesia fell by 132.27M (-20.32%), Panama by 157.91M (-69.43%), and Japan by 184.7M (-7.43%).

Overall, the analysis indicates a significant increase in trade values for both imports and exports in Singapore. Month-on-month, imports saw a notable rise in Professional Scientific & Controlling Instruments & Apparatus Nes, while exports were led by Organic Chemicals. Year-on-year, Electrical Machinery Apparatus & Appliances Nes showed strong growth in imports, and Office Machines & Automatic Data-Processing Machines led exports. However, there were substantial declines in certain categories, particularly in Electrical Machinery and Petroleum products, indicating volatility in specific sectors.

In the month-on-month analysis, imports of Professional Scientific & Controlling Instruments & Apparatus Nes saw the highest increase with a trade value of 1.58B, reflecting a value change of 104.41M and a percentage change of 7.07%. Non-Ferrous Metals followed with a trade value of 944.7M, increasing by 62.06M (7.03%). The third highest was Metalliferous Ores & Metal Scrap, with a trade value of 48.26M, increasing by 11.07M (29.77%). On the lower end, the largest decrease was in Electrical Machinery Apparatus & Appliances Nes, with a trade value of 16.99B, decreasing by 2.53B (-12.97%). This was followed by Office Machines & Automatic Data-Processing Machines, which saw a decrease of 766.43M (-18.24%). The third largest decline was in Telecommunications & Sound-Recording & Reproducing Apparatus & Equipment, with a decrease of 706.43M (-18.91%). For exports, Organic Chemicals had the highest increase with a trade value of 4.02B, increasing by 3.2B (386.31%). Miscellaneous Manufactured Articles Nes followed with a trade value of 2.52B, increasing by 257.88M (11.38%). Beverages also saw an increase, with a trade value of 329.29M, up by 24.38M (7.99%). On the downside, Non-Ferrous Metals had the largest decrease in exports, with a trade value of 304.02M, down by 208.72M (-40.71%). Electrical Machinery Apparatus & Appliances Nes saw a decrease of 809.63M (-3.90%), and Office Machines & Automatic Data-Processing Machines decreased by 1.14B (-15.75%).

In the year-on-year analysis, imports of Electrical Machinery Apparatus & Appliances Nes had the highest trade value of 16.99B, with a value change of 3.39B (24.89%). Telecommunications & Sound-Recording & Reproducing Apparatus & Equipment followed with a trade value of 3.03B, increasing by 508.31M (20.17%). Non-Ferrous Metals also saw significant growth, with a trade value of 944.7M, up by 457.9M (94.06%). On the lower end, the largest decline was in Gas, with a trade value of 540.25M, decreasing by 93.26M (-14.72%). Medicinal & Pharmaceutical Products followed with a decrease of 309.43M (-30.72%), and Office Machines & Automatic Data-Processing Machines saw a decline of 464.22M (-11.90%). For exports, Office Machines & Automatic Data-Processing Machines had the highest trade value of 6.08B, increasing by 3.27B (116.50%). Organic Chemicals followed with a trade value of 4.02B, up by 2.9B (257.05%). Electrical Machinery Apparatus & Appliances Nes also saw growth, with a trade value of 19.93B, increasing by 2.37B (13.51%). On the downside, Essential Oils & Resinoids & Perfume Materials had the largest decrease, with a trade value of 954.84M, down by 161.5M (-14.47%). Professional Scientific & Controlling Instruments & Apparatus Nes saw a decline of 184.67M (-8.11%), and Oil Bunkers decreased by 270.76M (-8.59%).

Overall, Singapore's trade dynamics show a mixed performance. Month-on-month, imports decreased significantly, particularly from Other Asia, nes, while exports to the United States and Thailand increased notably. Year-on-year, imports from the Philippines and Switzerland showed strong growth, while several countries experienced declines, particularly Spain and Kuwait. Exports to Other Asia, nes and Thailand also saw substantial increases, contrasting with declines in exports to the Marshall Islands and Hong Kong. The total trade flow reflects a complex landscape of growth and decline across various partner countries.

In the month-on-month analysis, Singapore's imports from the Philippines saw the highest increase, with a trade value of 1.48B, reflecting a significant value change of 986M, which is a 2.01% increase. Brazil followed with imports valued at 1.18B, increasing by 215M (22.23%). Saudi Arabia also showed a notable increase with imports of 849M, up by 191M (29.03%). On the lower end, imports from Qatar decreased significantly by 328M to 341M (-49.03%). Vietnam's imports fell by 569M to 1.11B (-33.85%), and China saw a decrease of 673M, bringing its imports down to 6.9B (-8.88%). Overall, imports decreased by 3.35B from Other Asia, nes, totaling 8.13B (-29.20%). For exports, the United States led with a trade value of 7.84B, increasing by 2.22B (39.40%). Thailand's exports rose to 4.52B, up by 950M (26.61%). Spain also had a strong month with exports of 373M, increasing by 326M (693.62%). Conversely, exports to India dropped by 874M to 1.99B (-30.56%), Malaysia's exports fell by 1.05B to 5.72B (-15.52%), and Other Asia, nes saw a decrease of 1.15B, totaling 6B (-16.09%).

In the year-on-year analysis, imports from the Philippines increased to 1.48B, with a value change of 980M (1.98%). Switzerland also showed a strong performance with imports of 1.62B, up by 935M (1.37%). Other Asia, nes had a notable increase of 756M, totaling 8.13B (10.25%). On the downside, imports from Spain fell to 158M, down by 193M (-54.99%). Kuwait's imports dropped to 24M, a decrease of 199M (-89.24%), and India saw a decline of 222M, totaling 687M (-24.42%). For exports, Other Asia, nes led with a trade value of 6B, increasing by 3.14B (1.10%). Thailand's exports rose to 4.52B, up by 2.72B (1.51%). The United States also had a strong year with exports of 7.84B, increasing by 2.65B (51.06%). However, exports to the Marshall Islands fell by 298M to 423M (-41.33%), Indonesia's exports decreased by 425M to 3.84B (-9.96%), and Hong Kong saw a drop of 652M, totaling 6.82B (-8.72%).

Overall, Norway's trade analysis indicates a robust month-on-month increase in imports and exports, particularly from China and Sweden, with significant value changes. Year-on-year, imports from Germany and exports to China showed the most substantial growth. However, there were notable declines in imports from Nigeria and exports to Nigeria, Belgium, and Lithuania, indicating potential areas of concern in trade relations. The total trade flow changes reflect a dynamic trading environment with both opportunities and challenges.

In the month-on-month analysis, Norway's imports from China saw the highest increase with a trade value of 14.08B, reflecting a significant value change of 2.05B, which is a 17.04% increase. Canada followed closely with a trade value of 2.53B, showing a remarkable increase of 2.03B, translating to a 404.80% change. Germany also experienced a notable increase with a trade value of 12.86B, rising by 936.92M, which is a 7.86% increase. On the lower end, imports from Nigeria decreased significantly, with a trade value of 976K, showing a decline of 482.84M, which is a staggering -99.80% change. Belgium's imports also fell to 1.84B, down by 542.87M, a -22.76% change. Ireland's imports decreased to 584.86M, down by 673.31M, reflecting a -53.52% change. For exports, Sweden led with a trade value of 11.37B, increasing by 1.66B, a 17.15% rise. Italy's exports also rose to 3.32B, with a value change of 1.27B, a 61.82% increase. China followed with exports valued at 4.39B, increasing by 985.86M, a 28.97% change. On the downside, Belgium's exports fell to 6.49B, down by 833.05M, a -11.37% change. France's exports decreased to 7.8B, down by 1.78B, a -18.56% change. Poland's exports also saw a decline to 8.2B, down by 3.54B, a -30.16% change.

In the year-on-year analysis, imports from Germany showed the highest increase with a trade value of 12.86B, reflecting a value change of 2.34B, which is a 22.24% increase. Sweden's imports also increased to 9.99B, with a value change of 1.14B, translating to a 12.93% change. China followed with imports valued at 14.08B, increasing by 924.11M, a 7.02% change. On the lower end, imports from Other Asia, nes decreased to 714.16M, showing a decline of 295.48M, which is a -29.27% change. Japan's imports fell to 1.2B, down by 480.72M, a -28.52% change. Singapore's imports also decreased to 399.88M, down by 842.17M, reflecting a -67.81% change. For exports, China led with a trade value of 4.39B, increasing by 2.25B, a 105.39% rise. Sweden's exports also rose to 11.37B, with a value change of 1.12B, a 10.88% increase. Poland followed with exports valued at 8.2B, increasing by 754.49M, a 10.14% change. On the downside, Nigeria's exports fell to 381.31M, down by 1.12B, a -74.68% change. Belgium's exports decreased to 6.49B, down by 2.43B, a -27.20% change. Lithuania's exports also saw a decline to 743.15M, down by 2.58B, a -77.67% change.

Overall, Brazil's trade values showed mixed results in both month-on-month and year-on-year analyses. Month-on-month, total imports increased significantly, particularly from Mexico, while exports saw a notable decline primarily due to reduced trade with China. Year-on-year, imports from the United States and Mexico showed strong growth, while exports to China and the Netherlands faced substantial decreases. The total trade flow indicates a complex landscape with both growth opportunities and challenges in international commerce.

In the month-on-month analysis, imports from Mexico saw the highest increase with a trade value of 681.74M, reflecting a significant growth of 177.88M (35.30%). The Netherlands and the United Arab Emirates also showed strong performance with increases of 53.35M (41.01%) and 52.92M (49.74%) respectively. On the lower end, imports from China experienced the largest decline, dropping by 697.19M (-11.52%), followed by France with a decrease of 223.84M (-32.37%) and Russia at -159.62M (-31.88%). For exports, the United States led with an increase of 165.68M (8.55%), followed by Bangladesh with 78.29M (45.57%) and Turkey with 68.63M (33.52%). Conversely, exports to China saw a significant drop of 1.09B (-12.34%), with Argentina and Vietnam also experiencing declines of 285.88M (-19.61%) and 94.85M (-30.76%) respectively.

In the year-on-year analysis, imports from the United States showed the most substantial growth, increasing by 662.78M (25.52%), followed by Mexico with 189.89M (40.95%) and Germany at 173.12M (21.38%). On the downside, imports from Chile decreased by 35.61M (-10.50%), with Gabon and Algeria also showing declines of 45.60M (-49.66%) and 64.60M (-50.96%) respectively. For exports, China had the highest increase with a trade value of 1.59B (28.60%), followed by South Korea with 88.81M (41.99%) and Italy at 78.72M (37.09%). On the lower end, exports to the Netherlands fell by 115.57M (-13.04%), with Vietnam and Singapore also experiencing declines of 129.25M (-38.89%) and 179.62M (-52.90%) respectively.

Overall, Brazil's trade values showed a mixed performance in both month-on-month and year-on-year analyses. Month-on-month, total imports increased significantly, particularly from Mexico and Chile, while exports also saw growth, especially to the United States. Year-on-year, imports from the United States and Germany showed strong increases, while exports to China experienced remarkable growth. However, several countries, including Argentina and China, reported declines in both imports and exports, indicating volatility in trade relationships.

In the month-on-month analysis, imports from Mexico saw the highest increase with a trade value of 685.43M, reflecting a significant growth of 182.91M (36.4%). Chile followed with an increase of 409.9M, up by 112.46M (37.8%). The United Arab Emirates also showed a notable rise with a trade value of 159.17M, increasing by 56.99M (55.8%). On the lower end, imports from India decreased by 127.16M (19.8%), while Argentina and Russia saw declines of 141.73M (12.5%) and 159.97M (37.4%) respectively. Exports to the United States increased by 242.34M (11.8%), with Singapore and Bangladesh also showing growth of 164.07M (53.8%) and 59.22M (37.7%). Conversely, exports to Canada dropped by 110.49M (16.5%), with Chile and South Korea also experiencing declines of 116.83M (18.7%) and 121.99M (30.2%).

In the year-on-year analysis, imports from the United States increased significantly by 577.94M (22.3%), followed by Germany with a rise of 215.72M (27.7%) and Mexico with 192.07M (41.9%). On the downside, Gabon saw a decrease of 45.6M (49.7%), while Algeria and Argentina experienced declines of 65.13M (50.6%) and 79.68M (8.6%) respectively. Exports to China surged by 2.43B (48.1%), with Panama and Russia also showing strong growth of 115.75M (165.0%) and 67.03M (134.6%). However, exports to Portugal fell by 129.61M (53.2%), with Indonesia and the Netherlands also declining by 131.22M (48.1%) and 174.08M (17.7%).

Overall, Argentina's trade dynamics show a mixed picture. Month-on-month, total imports decreased significantly, primarily due to a sharp decline in imports from China and Brazil, while exports increased, particularly to China. Year-on-year, imports from China and Unclassified categories showed strong growth, but imports from Brazil faced a decline. Exports to China also saw substantial growth, indicating a strong trade relationship. The total trade flow reflects a complex interplay of increases and decreases across various categories and countries.

In the month-on-month analysis, imports from Mexico saw a significant increase of 41.47M, representing a 28.79% rise, making it the highest increase among partner countries. The United Arab Emirates also showed a notable increase of 30.58M (12.99%). On the lower end, imports from China decreased by 384.63M, a drop of 20.78%, while Brazil's imports fell by 373.94M (23.56%). For exports, China led with an increase of 259.36M (22.19%), followed by Special Categories with 176.02M (7.55%). Conversely, exports to Spain decreased by 61.49M (32.33%), and exports to Germany fell by 82.93M (58.69%). In terms of HS4 categories, imports of Soybeans increased by 20.45M (22.59%), while Hot-Rolled Iron rose by 15.1M (5.89%). On the downside, imports of Mixed Mineral or Chemical Fertilizers dropped by 138.59M (63.45%). Exports of Soybean Meal surged by 376.1M (36.76%), while Ethylene Polymers saw a decline of 48.57M (52.05%).

In the year-on-year analysis, imports from China increased by 247.46M (20.87%), while Unclassified imports rose by 70.5M (138.95%). However, imports from Brazil decreased by 157.79M (11.57%). For exports, China again led with a remarkable increase of 1.01B (246.86%), followed by Special Categories with 254.57M (11.80%). On the downside, exports to Brazil fell by 106.83M (8.43%). In the HS4 category, imports of Cars increased by 209.15M (69.51%), while imports of Mixed Mineral or Chemical Fertilizers dropped by 26.99M (56.67%). Exports of Soybeans saw a massive increase of 774.71M (775.46%), while exports of Gold decreased by 154.36M (22.31%).