South Korea / Malaysia

Overview In March 2023, South Korea exported $765M and imported $1.37B from Malaysia, resulting in a negative trade balance of $607M. Between March 2022 and March 2023 the exports of South Korea have decreased by $-217M (-22.1%) from $982M to $765M, while imports increased by $50.5M (3.82%) from $1.32B to $1.37B.

Trade In March 2023, the top exports of South Korea to Malaysia were Electrical machinery and electronics ($196M), Mineral fuels, mineral oils and products... ($190M), Machinery, mechanical appliances, & parts ($101M), Iron & steel ($74.1M), and Rubber & articles thereof ($43.3M). In March 2023 the top imports of South Korea from Malaysia were Mineral fuels, mineral oils and products... ($841M), Electrical machinery and electronics ($255M), Machinery, mechanical appliances, & parts ($63.5M), Iron & steel ($52.9M), and Ships, boats, & floating structures ($43.3M).

Growth In March 2023, the decrease in South Korea's year-by-year exports to Malaysia was explained primarily by an decrease in product exports in Rubber & articles thereof ($-85.7M or -66.4%), Organic chemicals ($-6.12M or -37.4%), and Pharmaceutical products ($-3.54M or -61.8%). In March 2023, the increase in South Korea's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($662M or 371%), Iron & steel ($43.2M or 443%), and Electrical machinery and electronics ($32M or 14.4%).