South Korea / Hungary

Overview In February 2023, South Korea exported $789M and imported $81.8M from Hungary, resulting in a positive trade balance of $707M. Between February 2022 and February 2023 the exports of South Korea have increased by $394M (100%) from $395M to $789M, while imports increased by $10.1M (14.1%) from $71.7M to $81.8M.

Trade In February 2023, the top exports of South Korea to Hungary were Electrical machinery and electronics ($96.4M), Inorganic chemicals ($95.9M), Machinery, mechanical appliances, & parts ($60.7M), Plastics & articles thereof ($45.7M), and Pharmaceutical products ($29.2M). In February 2023 the top imports of South Korea from Hungary were Electrical machinery and electronics ($17.5M), Machinery, mechanical appliances, & parts ($9.2M), Cars, tractors, trucks & parts thereof. ($5M), Optical, photo, & film equipment; medical... ($4.76M), and Inorganic chemicals ($2.11M).

Growth In February 2023, the increase in South Korea's year-by-year exports to Hungary was explained primarily by an increase in product exports in Electrical machinery and electronics ($54.4M or 129%), Inorganic chemicals ($35.4M or 58.5%), and Pharmaceutical products ($14.7M or 101%). In February 2023, the increase in South Korea's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Electrical machinery and electronics ($6.16M or 54.1%), Inorganic chemicals ($1.62M or 329%), and Machinery, mechanical appliances, & parts ($1.32M or 16.8%).