Overview: In February 2021 South Korea's Electrical machinery and equipment exports accounted up to N/A13.5B and imports accounted up to N/A7.69B, resulting in a positive trade balance of N/A5.85B. Between February 2020 and February 2021 the exports of South Korea's Electrical machinery and equipment have increased by N/A1.35B (11.1%) from N/A12.2B to N/A13.5B, while imports increased by N/A1.25B (19.4%) from N/A6.44B to N/A7.69B.
Destinations: In February 2021 Electrical machinery and equipment exported mostly to China ($4.33B), Vietnam ($2.15B), Hong Kong ($1.87B), United States ($1.24B), and Chinese Taipei ($856M), and imported mostly from China ($3.27B), Chinese Taipei ($1.28B), Japan ($677M), Vietnam ($574M), and United States ($528M).
Growth: In February 2021, the increase in Electrical machinery and equipment's year-by-year exports was explained primarily by an increase in exports to China ($686M or 18.8%), Chinese Taipei ($436M or 104%), and Philippines ($54.6M or 22.9%). In February 2021, the increase in Electrical machinery and equipment's year-by-year imports was explained primarily by an increase in imports from China ($799M or 32.3%), Chinese Taipei ($306M or 31.5%), and Japan ($109M or 19.3%).