South Korea / Hungary

Overview In February 2024, South Korea exported $500M and imported $73.9M from Hungary, resulting in a positive trade balance of $426M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-288M (-36.6%) from $788M to $500M, while imports decreased by $-7.84M (-9.59%) from $81.7M to $73.9M.

Trade In February 2024, the top exports of South Korea to Hungary were Inorganic chemicals ($319M), Machinery, mechanical appliances, & parts ($170M), Electrical machinery and electronics ($71.5M), Pharmaceutical products ($35.5M), and Plastics & articles thereof ($35.1M). In February 2024 the top imports of South Korea from Hungary were Cars, tractors, trucks & parts thereof. ($20.9M), Electrical machinery and electronics ($17.4M), Machinery, mechanical appliances, & parts ($7.81M), Inorganic chemicals ($3.07M), and Optical, photo, & film equipment; medical... ($2.89M).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-25M or -25.9%), Plastics & articles thereof ($-10.6M or -23.3%), and Chemical products n.e.s. ($-3.42M or -40.4%). In February 2024, the decrease in South Korea's year-by-year imports  from Hungary was explained primarily by an decrease in product imports  in Ceramic products ($-2.02M or -96.4%), Optical, photo, & film equipment; medical... ($-1.87M or -39.3%), and Machinery, mechanical appliances, & parts ($-1.39M or -15.1%).