South Korea / Guam

Overview In February 2024, South Korea exported $21.9M and imported $526k from Guam, resulting in a positive trade balance of $21.3M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-28.7M (-56.8%) from $50.6M to $21.9M, while imports increased by $222k (73%) from $304k to $526k.

Trade In February 2024, the top exports of South Korea to Guam were Iron or steel articles ($2.92M), Machinery, mechanical appliances, & parts ($2.66M), Cars, tractors, trucks & parts thereof. ($1.97M), Electrical machinery and electronics ($1.78M), and Iron & steel ($1.62M). In February 2024 the top imports of South Korea from Guam were Tobacco & substitutes ($69k), Iron & steel ($50k), Mineral fuels, mineral oils and products... ($46k), Aluminum articles ($43k), and Electrical machinery and electronics ($17k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Guam was explained primarily by an decrease in product exports in Furniture, bedding, lamps, & prefab buildings ($-106k or -68.4%), Tools & cutlery ($-93k or -95.9%), and Sugars & confectioneries ($-64k or -79%). In February 2024, the increase in South Korea's year-by-year imports  from Guam was explained primarily by an increase in product imports  in Aluminum articles ($37k or 617%).