South Korea / Peru

Overview In January 2023, South Korea exported $47.2M and imported $400M from Peru, resulting in a negative trade balance of $352M. Between January 2022 and January 2023 the exports of South Korea have decreased by $-25.9M (-35.5%) from $73.1M to $47.2M, while imports increased by $72.1M (22%) from $327M to $400M.

Trade In January 2023, the top exports of South Korea to Peru were Cars, tractors, trucks & parts thereof. ($27.4M), Plastics & articles thereof ($12.2M), Machinery, mechanical appliances, & parts ($10.1M), Mineral fuels, mineral oils and products... ($3.79M), and Iron & steel ($3.08M). In January 2023 the top imports of South Korea from Peru were Ores, slag and ash ($145M), Mineral fuels, mineral oils and products... ($134M), Edible fruits, nuts & fruit peels ($29.9M), Copper articles ($4.77M), and Fish, crustaceans, & molluscs ($4.39M).

Growth In January 2023, the decrease in South Korea's year-by-year exports to Peru was explained primarily by an decrease in product exports in Organic chemicals ($-721k or -21.2%), Miscellaneous metal products ($-464k or -61%), and Soap, cleaners, candles, dental, modelling pastes ($-271k or -92.5%). In January 2023, the increase in South Korea's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels ($14.9M or 99%), Mineral fuels, mineral oils and products... ($3.59M or 2.76%), and Aluminum articles ($1.19M or 507%).