South Korea / El Salvador

Overview In February 2024, South Korea exported $14.3M and imported $1.58M from El Salvador, resulting in a positive trade balance of $12.7M. Between February 2023 and February 2024 the exports of South Korea have increased by $1.76M (14.1%) from $12.5M to $14.3M, while imports decreased by $-2.93M (-64.9%) from $4.51M to $1.58M.

Trade In February 2024, the top exports of South Korea to El Salvador were Iron & steel ($11M), Cars, tractors, trucks & parts thereof. ($3.42M), Optical, photo, & film equipment; medical... ($1.2M), Plastics & articles thereof ($822k), and Machinery, mechanical appliances, & parts ($606k). In February 2024 the top imports of South Korea from El Salvador were Electrical machinery and electronics ($1.26M), Copper articles ($304k), Coffee, tea, mate & spices ($216k), Knitted clothing accesories ($162k), and Aluminum articles ($106k).

Growth In February 2024, the increase in South Korea's year-by-year exports to El Salvador was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... ($1.06M or 806%), Organic chemicals ($190k or 165%), and Beverages, spirits, & vinegar ($92k or 108%). In February 2024, the decrease in South Korea's year-by-year imports  from El Salvador was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-742k or -37.1%), Aluminum articles ($-204k or -65.8%), and Chemical products n.e.s. ($-188k or -100%).