South Korea / Dominican Republic

Overview In October 2024, South Korea exported $25.7M and imported $6.04M from Dominican Republic, resulting in a positive trade balance of $19.6M. Between October 2023 and October 2024 the exports of South Korea have increased by $4.04M (18.7%) from $21.6M to $25.7M, while imports decreased by $-774k (-11.4%) from $6.82M to $6.04M.

Trade In October 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 October 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 October 2024, the increase in South Korea's year-by-year exports to Dominican Republic was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($981k or 8.17%), Machinery, mechanical appliances, & parts ($412k or 20.6%), and Fish, Crustaceans & Molluscs ($104k or 254%). In October 2024, the decrease in South Korea's year-by-year imports  from Dominican Republic was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts ($-3.81M or -100%), Electrical machinery and electronics ($-372k or -53.5%), and Aluminum articles ($-183k or -42.9%).