South Korea / Madagascar

Overview In February 2024, South Korea exported $2.68M and imported $15.1M from Madagascar, resulting in a negative trade balance of $12.4M. Between February 2023 and February 2024 the exports of South Korea have increased by $7k (0.26%) from $2.67M to $2.68M, while imports decreased by $-6.3M (-29.4%) from $21.4M to $15.1M.

Trade In February 2024, the top exports of South Korea to Madagascar were Cars, tractors, trucks & parts thereof. ($1.02M), Machinery, mechanical appliances, & parts ($474k), Plastics & articles thereof ($287k), Man-made filaments ($272k), and Chemical products n.e.s. ($148k). In February 2024 the top imports of South Korea from Madagascar were Nickel articles ($21.9M), Non-knitted clothing accesories ($377k), Coffee, tea, mate & spices ($269k), Knitted clothing accesories ($133k), and Straw & esparto manufactures ($32k).

Growth In February 2024, the increase in South Korea's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($465k or 5.17k%), Soap, cleaners, candles, dental, modelling pastes ($26k or 32.5%), and Rubber & articles thereof ($18k or 33.3%). In February 2024, the decrease in South Korea's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... ($-380k or -99.7%), Knitted clothing accesories ($-116k or -46.6%), and Perfumery & cosmetics ($-9k or -50%).