China / South Korea

Overview In September 2024, China exported $11.4B and imported $15.8B from South Korea, resulting in a negative trade balance of $4.32B. Between September 2023 and September 2024 the exports of China have decreased by $-1.16B (-9.21%) from $12.6B to $11.4B, while imports increased by $393M (2.55%) from $15.4B to $15.8B.

Trade In September 2024, the top exports of China to South Korea were Integrated Circuits ($1.42B), Electric Batteries ($713M), Inorganic Salts ($523M), Telephones ($469M), and Computers ($352M). In September 2024 the top imports of China from South Korea were Integrated Circuits ($4.41B), Broadcasting Accessories ($839M), Cyclic Hydrocarbons ($443M), Telephones ($409M), and Other Inorganic Acids Salts ($368M).

Origins In September 2024 the exports of China were mainly from Jiangsu Province ($2.8B), Shandong Province ($2.06B), Guangdong Province ($1.42B), Zhejiang Province ($1.04B), and Shanghai Province ($876M), while imports destinations were mainly Jiangsu Province ($4.18B), Guangdong Province ($3.45B), Shanghai Province ($1.57B), Shandong Province ($1.31B), and Henan Province ($902M).

Growth In September 2024, the decrease in China's year-by-year exports to South Korea was explained primarily by an decrease in product exports in Integrated Circuits ($-506M or -26.3%), Computers ($-420M or -54.4%), and Flat panel displays ($-300M or -79.4%). In September 2024, the increase in China's year-by-year imports  from South Korea was explained primarily by an increase in product imports  in Broadcasting Accessories ($334M or 66.2%), Other Inorganic Acids Salts ($106M or 40.4%), and Other Heating Machinery ($45.3M or 256%).