South Korea / Hungary

Overview In December 2024, South Korea exported $309M and imported $82.4M from Hungary, resulting in a positive trade balance of $226M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-186M (-37.6%) from $494M to $309M, while imports increased by $2.27M (2.84%) from $80.1M to $82.4M.

Trade In December 2024, the top exports of South Korea to Hungary were Inorganic chemicals ($234M), Electrical machinery and electronics ($88M), Machinery, mechanical appliances, & parts ($78.6M), Plastics & articles thereof ($47.7M), and Cars, tractors, trucks & parts thereof. ($23.7M). In December 2024 the top imports of South Korea from Hungary were Electrical machinery and electronics ($16.6M), Cars, tractors, trucks & parts thereof. ($12.2M), Machinery, mechanical appliances, & parts ($8.06M), Optical, photo, & film equipment; medical... ($2.8M), and Non-knitted clothing accesories ($1.13M).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-91.9M or -53.9%), Inorganic chemicals ($-84.7M or -26.5%), and Pharmaceutical products ($-21.3M or -59.9%). In December 2024, the increase in South Korea's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Non-knitted clothing accesories ($745k or 196%), Machinery, mechanical appliances, & parts ($254k or 3.25%), and Furniture, bedding, lamps, & prefab buildings ($205k or 100%).