Overview In January 2023 South Korea's Metalworking Transfer Machines exports accounted up to $46.8M and imports accounted up to $6.01M, resulting in a positive trade balance of $40.8M. Between January 2022 and January 2023 the exports of South Korea's Metalworking Transfer Machines have decreased by $-6.41M (-12%) from $53.2M to $46.8M, while imports decreased by $-882k (-12.8%) from $6.89M to $6.01M.
Destinations In January 2023, Metalworking Transfer Machines were exported mostly to United States ($15.2M), Italy ($8.34M), Germany ($4.58M), India ($3.85M), and China ($2.66M), and were imported mostly from Japan ($3.87M), Germany ($2.04M), China ($102k), Tunisia ($0), and United Arab Emirates ($0).
Growth In January 2023, the decrease in Metalworking Transfer Machines's year-by-year exports was explained primarily by a decrease in exports to China ($-2.31M or -40%), Germany ($-2.16M or -80.3%), and Philippines ($-92k or -53.5%). In January 2023, the decrease in Metalworking Transfer Machines's year-by-year imports was explained primarily by a decrease in imports from Italy ($-2.51M or -100%), Japan ($-1.66M or -30.5%), and China ($-677k or -75.6%).