South Korea / Dominican Republic

Overview In February 2024, South Korea exported $26.5M and imported $6.82M from Dominican Republic, resulting in a positive trade balance of $19.6M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-9.94M (-27.3%) from $36.4M to $26.5M, while imports decreased by $-697k (-9.27%) from $7.52M to $6.82M.

Trade In February 2024, the top exports of South Korea to Dominican Republic were Cars, tractors, trucks & parts thereof. ($13M), Electrical machinery and electronics ($3.91M), Machinery, mechanical appliances, & parts ($2.42M), Organic chemicals ($512k), and Iron & steel ($425k). In February 2024 the top imports of South Korea from Dominican Republic were Optical, photo, & film equipment; medical... ($4.24M), Pharmaceutical products ($1.57M), Copper articles ($1.54M), Electrical machinery and electronics ($323k), and Aluminum articles ($244k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Dominican Republic was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-2.19M or -35.9%), Iron or steel articles ($-1.28M or -95%), and Chemical products n.e.s. ($-811k or -74.7%). In February 2024, the decrease in South Korea's year-by-year imports  from Dominican Republic was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts ($-3.81M or -100%), Electrical machinery and electronics ($-372k or -53.5%), and Aluminum articles ($-183k or -42.9%).