South Korea / Mexico

Overview In December 2024, South Korea exported $1.13B and imported $771M from Mexico, resulting in a positive trade balance of $360M. Between December 2023 and December 2024 the exports of South Korea have increased by $155M (15.9%) from $976M to $1.13B, while imports decreased by $-19.1M (-2.42%) from $790M to $771M.

Trade In December 2024, the top exports of South Korea to Mexico were Machinery, mechanical appliances, & parts ($215M), Electrical machinery and electronics ($215M), Iron & steel ($186M), Cars, tractors, trucks & parts thereof. ($173M), and Plastics & articles thereof ($74.6M). In December 2024 the top imports of South Korea from Mexico were Mineral fuels, mineral oils and products... ($306M), Ores, slag and ash ($117M), Machinery, mechanical appliances, & parts ($99.5M), Electrical machinery and electronics ($70.4M), and Cars, tractors, trucks & parts thereof. ($53.2M).

Growth In December 2024, the increase in South Korea's year-by-year exports to Mexico was explained primarily by an increase in product exports in Electrical machinery and electronics ($61.6M or 40.3%), Machinery, mechanical appliances, & parts ($58.7M or 37.6%), and Cars, tractors, trucks & parts thereof. ($29.8M or 20.7%). In December 2024, the decrease in South Korea's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Ores, slag and ash ($-127M or -52%), Cars, tractors, trucks & parts thereof. ($-12.1M or -18.6%), and Copper articles ($-8.17M or -34.3%).