South Korea / Iran

Overview In December 2024, South Korea exported $15.2M and imported $268k from Iran, resulting in a positive trade balance of $15M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-7.64M (-33.4%) from $22.9M to $15.2M, while imports decreased by $-381k (-58.7%) from $649k to $268k.

Trade In December 2024, the top exports of South Korea to Iran were Machinery, mechanical appliances, & parts ($3.14M), Iron/Steel Articles ($1.86M), Chemical products n.e.s. ($1.67M), Optical, photo, & film equipment; medical... ($1.57M), and Cars, tractors, trucks & parts thereof. ($1.17M). In December 2024 the top imports of South Korea from Iran were Lead articles ($416k), Edible fruits, nuts & fruit peels ($148k), Plastics & articles thereof ($103k), Aluminum articles ($38k), and Stone, plaster, cement, asbestos, mica. ($25k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Iran was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-2.74M or -71.3%), Paper articles ($-926k or -76.7%), and Wadding, felt, nonwovens, twin, ropes, &... ($-544k or -86.3%). In December 2024, the decrease in South Korea's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Carpets & textile floor covers ($-6k or -75%), Salt, sulphur, cement, lime, stone, &... ($-1k or -50%), and Pharmaceutical products ($-1k or -100%).