South Korea / Iran

Overview In February 2024, South Korea exported $12.4M and imported $426k from Iran, resulting in a positive trade balance of $12M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-3.15M (-20.2%) from $15.6M to $12.4M, while imports increased by $310k (267%) from $116k to $426k.

Trade In February 2024, the top exports of South Korea to Iran were Electrical machinery and electronics ($3.84M), Machinery, mechanical appliances, & parts ($2M), Optical, photo, & film equipment; medical... ($1.54M), Paper articles ($1.21M), and Chemical products n.e.s. ($953k). In February 2024 the top imports of South Korea from Iran were Edible fruits, nuts & fruit peels ($124k), Plastics & articles thereof ($19k), Carpets & textile floor covers ($8k), Preparations of fish, crustacenas, & molluscs ($6k), and Toys, games, & sports ($4k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Iran was explained primarily by an decrease in product exports in Iron & steel ($-2.32M or -97%), Machinery, mechanical appliances, & parts ($-1.83M or -47.8%), and Pharmaceutical products ($-1.56M or -68%). In February 2024, the increase in South Korea's year-by-year imports  from Iran was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels ($75k or 153%).