South Korea / Brazil

Overview In December 2022, South Korea exported $360M and imported $601M from Brazil, resulting in a negative trade balance of $241M. Between December 2021 and December 2022 the exports of South Korea have decreased by $-76.2M (-17.5%) from $436M to $360M, while imports decreased by $-21.3M (-3.42%) from $622M to $601M.

Trade In December 2022, the top exports of South Korea to Brazil were Electrical machinery and electronics ($87.6M), Cars, tractors, trucks & parts thereof. ($52.6M), Machinery, mechanical appliances, & parts ($45.2M), Plastics & articles thereof ($34M), and Iron & steel ($32.9M). In December 2022 the top imports of South Korea from Brazil were Mineral fuels, mineral oils and products... ($179M), Cereals ($101M), Food residues & wastes; animal fodder ($91.4M), Ores, slag and ash ($76.6M), and Meat & edible offal ($23.8M).

Growth In December 2022, the decrease in South Korea's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-14.3M or -19.1%), Electrical machinery and electronics ($-13.7M or -10.7%), and Tools & cutlery ($-8.24M or -59.1%). In December 2022, the decrease in South Korea's year-by-year imports  from Brazil was explained primarily by an decrease in product imports  in Cereals ($-91.1M or -62.1%), Food residues & wastes; animal fodder ($-21.7M or -40.4%), and Organic chemicals ($-12.7M or -89.1%).