South Korea / New Zealand

Overview In February 2023, South Korea exported $155M and imported $131M from New Zealand, resulting in a positive trade balance of $23.7M. Between February 2022 and February 2023 the exports of South Korea have decreased by $-52.5M (-25.3%) from $207M to $155M, while imports decreased by $-11.9M (-8.35%) from $143M to $131M.

Trade In February 2023, the top exports of South Korea to New Zealand were Mineral fuels, mineral oils and products... ($45.6M), Cars, tractors, trucks & parts thereof. ($24.6M), Machinery, mechanical appliances, & parts ($9.76M), Plastics & articles thereof ($6.4M), and Electrical machinery and electronics ($5.86M). In February 2023 the top imports of South Korea from New Zealand were Aluminum articles ($23.5M), Wood, wood articles, & charcoal ($19.8M), Meat & edible offal ($18.7M), Edible products of animal origin, n.e.s. ($13.7M), and Glues, starches, & albuminoid products ($8.33M).

Growth In February 2023, the decrease in South Korea's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-10.3M or -29.5%), Mineral fuels, mineral oils and products... ($-6.24M or -12%), and Iron & steel ($-2.26M or -36.4%). In February 2023, the decrease in South Korea's year-by-year imports  from New Zealand was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-6.16M or -100%), Edible products of animal origin, n.e.s. ($-5.22M or -27.5%), and Wood pulp & paper scrap ($-3.52M or -62.7%).