Overview In October 2021 South Korea's Other Electrical Machinery exports accounted up to $122M and imports accounted up to $125M, resulting in a negative trade balance of $3.25M. Between October 2020 and October 2021 the exports of South Korea's Other Electrical Machinery have decreased by $-8.81M (-6.76%) from $130M to $122M, while imports decreased by $-13.7M (-9.9%) from $138M to $125M.
Destinations In October 2021, Other Electrical Machinery were exported mostly to China ($50.4M), United States ($19.9M), Japan ($11.5M), Vietnam ($7.74M), and Hong Kong ($3.48M), and were imported mostly from China ($34.9M), Japan ($32.4M), United States ($23.9M), Malaysia ($6.74M), and Germany ($4.7M).
Growth In October 2021, the decrease in Other Electrical Machinery's year-by-year exports was explained primarily by a decrease in exports to Hungary ($-20M or -93.5%), Japan ($-9.69M or -45.6%), and Vietnam ($-4.59M or -37.3%). In October 2021, the decrease in Other Electrical Machinery's year-by-year imports was explained primarily by a decrease in imports from China ($-21.2M or -37.7%), Vietnam ($-5.64M or -65.3%), and United States ($-4.99M or -17.3%).