South Korea / Paraguay

Overview In February 2024, South Korea exported $5.77M and imported $25.2M from Paraguay, resulting in a negative trade balance of $19.5M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-3.6M (-38.4%) from $9.37M to $5.77M, while imports increased by $21.9M (664%) from $3.3M to $25.2M.

Trade In February 2024, the top exports of South Korea to Paraguay were Cars, tractors, trucks & parts thereof. ($2.64M), Electrical machinery and electronics ($1.25M), Pharmaceutical products ($390k), Plastics & articles thereof ($317k), and Aluminum articles ($306k). In February 2024 the top imports of South Korea from Paraguay were Cereals ($24M), Copper articles ($320k), Miscellaneous edible preparations ($142k), Perfumery & cosmetics ($35k), and Non-knitted clothing accesories ($17k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-982k or -77.5%), Cars, tractors, trucks & parts thereof. ($-800k or -23.3%), and Machinery, mechanical appliances, & parts ($-406k or -58.8%). In February 2024, the increase in South Korea's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Miscellaneous edible preparations ($75k or 112%) and Non-knitted clothing accesories ($15k or 750%).