South Korea / Egypt

Overview In February 2024, South Korea exported $114M and imported $88.5M from Egypt, resulting in a positive trade balance of $25.5M. Between February 2023 and February 2024 the exports of South Korea have increased by $14.5M (14.6%) from $99.5M to $114M, while imports decreased by $-56.3M (-38.9%) from $145M to $88.5M.

Trade In February 2024, the top exports of South Korea to Egypt were Machinery, mechanical appliances, & parts ($20.9M), Cars, tractors, trucks & parts thereof. ($15.4M), Plastics & articles thereof ($12.2M), Mineral fuels, mineral oils and products... ($6.69M), and Iron & steel ($5.52M). In February 2024 the top imports of South Korea from Egypt were Mineral fuels, mineral oils and products... ($341M), Stone, plaster, cement, asbestos, mica. ($2.61M), Food residues & wastes; animal fodder ($1.67M), Knitted clothing accesories ($471k), and Non-knitted clothing accesories ($361k).

Growth In February 2024, the increase in South Korea's year-by-year exports to Egypt was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... ($6.68M or 39.3k%), Machinery, mechanical appliances, & parts ($3.32M or 18.9%), and Iron or steel articles ($1.06M or 95.7%). In February 2024, the decrease in South Korea's year-by-year imports  from Egypt was explained primarily by an decrease in product imports  in Food residues & wastes; animal fodder ($-2.34M or -58.3%), Fertilizers ($-1.11M or -100%), and Pharmaceutical products ($-169k or -58.1%).