South Korea / Morocco

Overview In December 2024, South Korea exported $29.9M and imported $16M from Morocco, resulting in a positive trade balance of $13.9M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-5.08M (-14.5%) from $35M to $29.9M, while imports increased by $5.69M (55%) from $10.3M to $16M.

Trade In December 2024, the top exports of South Korea to Morocco were Cars, tractors, trucks & parts thereof. ($7.62M), Machinery, mechanical appliances, & parts ($4.64M), Man-made filaments ($3.47M), Iron & steel ($2.86M), and Electrical machinery and electronics ($2.31M). In December 2024 the top imports of South Korea from Morocco were Electrical machinery and electronics ($6.41M), Nickel articles ($5.03M), Non-knitted clothing accesories ($2.6M), Fish, Crustaceans & Molluscs ($1.28M), and Knitted clothing accesories ($1.15M).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Morocco was explained primarily by an decrease in product exports in Plastics & articles thereof ($-1.32M or -43.2%), Iron & steel ($-1.03M or -26.5%), and Pharmaceutical products ($-797k or -83.3%). In December 2024, the increase in South Korea's year-by-year imports  from Morocco was explained primarily by an increase in product imports  in Electrical machinery and electronics ($3.74M or 141%), Non-knitted clothing accesories ($861k or 49.4%), and Oils seeds, oleaginous fruits, grains, straw... ($381k or 1.73k%).