South Korea / Ecuador

Overview In December 2024, South Korea exported $28.7M and imported $10.2M from Ecuador, resulting in a positive trade balance of $18.5M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-94.9M (-76.7%) from $124M to $28.7M, while imports increased by $6.56M (179%) from $3.66M to $10.2M.

Trade In December 2024, the top exports of South Korea to Ecuador were Mineral fuels, mineral oils and products... ($30M), Iron & steel ($6.13M), Cars, tractors, trucks & parts thereof. ($5.18M), Plastics & articles thereof ($4.51M), and Machinery, mechanical appliances, & parts ($2.51M). In December 2024 the top imports of South Korea from Ecuador were Fish, Crustaceans & Molluscs ($2.71M), Edible fruits, nuts & fruit peels ($1M), Copper articles ($743k), Aluminum articles ($236k), and Miscellaneous edible preparations ($45k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-4.54M or -46.7%), Rubber & articles thereof ($-486k or -71.2%), and Paints, dyes, & varnishes ($-181k or -84.2%). In December 2024, the increase in South Korea's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels ($664k or 195%), Aluminum articles ($203k or 615%), and Miscellaneous edible preparations ($27k or 150%).