South Korea / Qatar

Overview In February 2024, South Korea exported $48.8M and imported $1.14B from Qatar, resulting in a negative trade balance of $1.09B. Between February 2023 and February 2024 the exports of South Korea have decreased by $-15.9M (-24.6%) from $64.6M to $48.8M, while imports decreased by $-329M (-22.4%) from $1.47B to $1.14B.

Trade In February 2024, the top exports of South Korea to Qatar were Iron or steel articles ($20.7M), Machinery, mechanical appliances, & parts ($12M), Electrical machinery and electronics ($3.81M), Iron & steel ($3.61M), and Cars, tractors, trucks & parts thereof. ($3.53M). In February 2024 the top imports of South Korea from Qatar were Mineral fuels, mineral oils and products... ($1.09B), Aluminum articles ($32.4M), Inorganic chemicals ($14M), Fertilizers ($12.8M), and Pharmaceutical products ($4.26M).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Qatar was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-3.92M or -90.9%), Electrical machinery and electronics ($-3.12M or -45%), and Plastics & articles thereof ($-1.93M or -62.9%). In February 2024, the decrease in South Korea's year-by-year imports  from Qatar was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-83.9M or -7.12%), Fertilizers ($-19.2M or -59.9%), and Inorganic chemicals ($-10.9M or -43.9%).