South Korea / China

Overview In June 2021 South Korea exported $13.1B and imported $11.4B from China, resulting in a positive trade balance of $1.65B. Between June 2020 and June 2021 the exports of South Korea have increased by $1.62B (14.1%) from $11.4B to $13.1B, while imports increased by $2.49B (28%) from $8.92B to $11.4B.

Trade In June 2021, the top exports of South Korea to China were Electrical machinery and equipment and parts... ($5.69B), Nuclear reactors, boilers, machinery and mechanical... ($1.36B), Plastics and articles thereof ($1.06B), Optical, photographic, cinematographic, measuring, checking, medical... ($846M), and Organic chemicals ($839M). In June 2021 the top imports of South Korea from China were Electrical machinery and equipment and parts... ($3.8B), Nuclear reactors, boilers, machinery and mechanical... ($1.59B), Iron and steel ($753M), Organic chemicals ($511M), and Inorganic chemicals; organic and inorganic compounds... ($506M).

Growth In June 2021, the increase in South Korea's year-by-year exports to China was explained primarily by an increase in product exports in Electrical machinery and equipment and parts... ($1.15B or 25.3%), Organic chemicals ($142M or 20.3%), and Copper and articles thereof ($125M or 65.3%). In June 2021, the increase in South Korea's year-by-year imports  from China was explained primarily by an increase in product imports  in Electrical machinery and equipment and parts... ($658M or 20.9%), Iron and steel ($478M or 174%), and Inorganic chemicals; organic and inorganic compounds... ($268M or 112%).