Overview In February 2023, China exported $11.7B and imported $12.4B from South Korea, resulting in a negative trade balance of $738M. Between February 2022 and February 2023 the exports of China have increased by $2.52B (27.5%) from $9.14B to $11.7B, while imports decreased by $-2.63B (-17.5%) from $15B to $12.4B.
Trade In February 2023, the top exports of China to South Korea were Integrated Circuits ($1.93B), Computers ($772M), Sound Recordings ($378M), Electric Batteries ($316M), and Telephones ($261M). In February 2023 the top imports of China from South Korea were Integrated Circuits ($8.21B), Cyclic Hydrocarbons ($646M), Sound Recordings ($645M), Broadcasting Accessories ($505M), and Machines and apparatus of a kind... ($453M).
Origins In February 2023 the exports of China were mainly from Jiangsu Province ($2.65B), Shandong Province ($1.85B), Guangdong Province ($1.11B), Zhejiang Province ($802M), and Shanghai Province ($799M), while imports destinations were mainly Jiangsu Province ($2.72B), Guangdong Province ($2.3B), Shanghai Province ($1.63B), Shandong Province ($943M), and Zhejiang Province ($817M).
Growth In February 2023, the increase in China's year-by-year exports to South Korea was explained primarily by an increase in product exports in Integrated Circuits ($380M or 24.6%), Computers ($253M or 48.8%), and Electric Batteries ($171M or 118%). In February 2023, the decrease in China's year-by-year imports from South Korea was explained primarily by an decrease in product imports in LCDs ($-520M or -88.4%), Coal Tar Oil ($-305M or -64.4%), and Beauty Products ($-81.5M or -25.3%).