South Korea / Peru

Overview In May 2024, South Korea exported $54M and imported $208M from Peru, resulting in a negative trade balance of $154M. Between May 2023 and May 2024 the exports of South Korea have decreased by $-1.17M (-2.11%) from $55.2M to $54M, while imports decreased by $-94.3M (-31.2%) from $302M to $208M.

Trade In May 2024, the top exports of South Korea to Peru were Cars, tractors, trucks & parts thereof. ($14.9M), Plastics & articles thereof ($11.9M), Machinery, mechanical appliances, & parts ($3.6M), Salt, sulphur, cement, lime, stone, &... ($3.58M), and Inorganic chemicals ($2.36M). In May 2024 the top imports of South Korea from Peru were Mineral fuels, mineral oils and products... ($285M), Ores, slag and ash ($66.7M), Edible fruits, nuts & fruit peels ($18.3M), Fish, crustaceans, & molluscs ($9.13M), and Preparations of fish, crustacenas, & molluscs ($8.04M).

Growth In May 2024, the decrease in South Korea's year-by-year exports to Peru was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-12.5M or -45.6%), Machinery, mechanical appliances, & parts ($-6.48M or -64.3%), and Iron & steel ($-2.58M or -83.8%). In May 2024, the decrease in South Korea's year-by-year imports  from Peru was explained primarily by an decrease in product imports  in Ores, slag and ash ($-78.2M or -54%), Edible fruits, nuts & fruit peels ($-11.5M or -38.7%), and Coffee, tea, mate & spices ($-1.41M or -70.2%).