South Korea / Armenia

Overview In September 2024, South Korea exported $1.65M and imported $5.03M from Armenia, resulting in a negative trade balance of $3.38M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-1.24M (-42.8%) from $2.89M to $1.65M, while imports decreased by $-5.55M (-52.5%) from $10.6M to $5.03M.

Trade In September 2024, the top exports of South Korea to Armenia were Cars, tractors, trucks & parts thereof. ($828k), Optical, photo, & film equipment; medical... ($237k), Electrical machinery and electronics ($236k), Perfumery & cosmetics ($112k), and Machinery, mechanical appliances, & parts ($73k). In September 2024 the top imports of South Korea from Armenia were Ores, slag and ash ($4.71M), Non-knitted clothing accesories ($3.33M), Knitted clothing accesories ($39k), Leather articles ($19k), and Optical, photo, & film equipment; medical... ($15k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-894k or -51.9%), Machinery, mechanical appliances, & parts ($-148k or -67%), and Plastics & articles thereof ($-56k or -77.8%). In September 2024, the decrease in South Korea's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in Knitted clothing accesories ($-21k or -35%), Organic chemicals ($-7k or -70%), and Electrical machinery and electronics ($-3k or -37.5%).