South Korea / Jamaica

Overview In February 2024, South Korea exported $4.8M and imported $1k from Jamaica, resulting in a positive trade balance of $4.8M. Between February 2023 and February 2024 the exports of South Korea have increased by $1.13M (30.6%) from $3.68M to $4.8M, while imports decreased by $-66k (-98.5%) from $67k to $1k.

Trade In February 2024, the top exports of South Korea to Jamaica were Cars, tractors, trucks & parts thereof. ($2.18M), Electrical machinery and electronics ($408k), Chemical products n.e.s. ($319k), Machinery, mechanical appliances, & parts ($158k), and Plastics & articles thereof ($151k). In February 2024 the top imports of South Korea from Jamaica were Copper articles ($754k), Electrical machinery and electronics ($93k), Coffee, tea, mate & spices ($15k), Preparations of cereals, flour, starch or... ($0), and Beverages, spirits, & vinegar ($0).

Growth In February 2024, the increase in South Korea's year-by-year exports to Jamaica was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($925k or 73.9%), Electrical machinery and electronics ($150k or 58.1%), and Soap, cleaners, candles, dental, modelling pastes ($62k or 214%). In February 2024, the decrease in South Korea's year-by-year imports  from Jamaica was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-270k or -74.4%).