Overview In July 2021 United States exported $5.9B and imported $7.98B from South Korea, resulting in a negative trade balance of $2.09B. Between July 2020 and July 2021 the exports of United States have increased by $1.61B (37.5%) from $4.29B to $5.9B, while imports increased by $2.11B (35.8%) from $5.88B to $7.98B.
Trade In July 2021, the top exports of United States to South Korea were Crude Petroleum ($1.08B), Petroleum Gas ($576M), Machines and apparatus of a kind... ($567M), Integrated Circuits ($255M), and Cars ($242M). In July 2021 the top imports of United States from South Korea were Cars ($1.51B), Office Machine Parts ($614M), Blank Audio Media ($555M), Vehicle Parts ($391M), and Refined Petroleum ($266M).
Origins In July 2021 the exports of United States were mainly from Texas ($1.97B), California ($1.05B), Louisiana ($499M), Washington ($182M), and New Jersey ($157M), while imports destinations were mainly California ($2.05B), Texas ($944M), Georgia ($775M), Michigan ($626M), and Pennsylvania ($391M).
Growth In July 2021, the increase in United States's year-by-year exports to South Korea was explained primarily by an increase in product exports in Crude Petroleum ($676M or 165%), Petroleum Gas ($457M or 385%), and Refined Petroleum ($131M or 335%). In July 2021, the increase in United States's year-by-year imports from South Korea was explained primarily by an increase in product imports in Office Machine Parts ($231M or 60.2%), Vehicle Parts ($178M or 83.5%), and Blank Audio Media ($171M or 44.4%).