South Korea / Ecuador

Overview In July 2024, South Korea exported $29M and imported $13.7M from Ecuador, resulting in a positive trade balance of $15.3M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-5.28M (-15.4%) from $34.3M to $29M, while imports decreased by $-62.1M (-81.9%) from $75.8M to $13.7M.

Trade In July 2024, the top exports of South Korea to Ecuador were Cars, tractors, trucks & parts thereof. ($9.71M), Plastics & articles thereof ($4.05M), Iron & steel ($3.77M), Mineral fuels, mineral oils and products... ($2.65M), and Machinery, mechanical appliances, & parts ($2.44M). In July 2024 the top imports of South Korea from Ecuador were Fish, crustaceans, & molluscs ($6.11M), Copper articles ($1.32M), Edible fruits, nuts & fruit peels ($340k), Products of the milling industry ($44k), and Food residues & wastes; animal fodder ($42k).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Iron & steel ($-5.99M or -61.4%), Machinery, mechanical appliances, & parts ($-3.44M or -58.5%), and Plastics & articles thereof ($-2.56M or -38.7%). In July 2024, the decrease in South Korea's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Copper articles ($-1.48M or -52.9%), Fish, crustaceans, & molluscs ($-1.04M or -14.6%), and Edible fruits, nuts & fruit peels ($-611k or -64.2%).