South Korea / Armenia

Overview In October 2024, South Korea exported $2.92M and imported $7.53M from Armenia, resulting in a negative trade balance of $4.61M. Between October 2023 and October 2024 the exports of South Korea have increased by $617k (26.8%) from $2.3M to $2.92M, while imports decreased by $-4.27M (-36.2%) from $11.8M to $7.53M.

Trade In October 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 October 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 October 2024, the increase in South Korea's year-by-year exports to Armenia was explained primarily by an increase in product exports in Electrical machinery and electronics ($218k or 1.21k%), Optical, photo, & film equipment; medical... ($158k or 200%), and Pharmaceutical products ($43k or 614%). In October 2024, the decrease in South Korea's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in Knitted clothing accesories ($-21k or -35%), Organic chemicals ($-7k or -70%), and Electrical machinery and electronics ($-3k or -37.5%).