South Korea / Argentina

Overview In March 2024, South Korea exported $31.3M and imported $53.4M from Argentina, resulting in a negative trade balance of $22M. Between March 2023 and March 2024 the exports of South Korea have decreased by $-31.9M (-50.4%) from $63.2M to $31.3M, while imports decreased by $-89.5M (-62.7%) from $143M to $53.4M.

Trade In March 2024, the top exports of South Korea to Argentina were Machinery, mechanical appliances, & parts ($7.21M), Cars, tractors, trucks & parts thereof. ($5.42M), Plastics & articles thereof ($5.11M), Organic chemicals ($2.87M), and Optical, photo, & film equipment; medical... ($1.66M). In March 2024 the top imports of South Korea from Argentina were Cereals ($108M), Animal or vegetable fats, oils, &... ($36.1M), Inorganic chemicals ($18.5M), Food residues & wastes; animal fodder ($5.43M), and Fish, crustaceans, & molluscs ($3.07M).

Growth In March 2024, the decrease in South Korea's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-7.63M or -89.3%), Tools & cutlery ($-5.95M or -98.2%), and Chemical products n.e.s. ($-4.89M or -97.6%). In March 2024, the decrease in South Korea's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Cereals ($-55.3M or -33.8%), Food residues & wastes; animal fodder ($-15.8M or -74.4%), and Ores, slag and ash ($-3.53M or -62.3%).