South Korea / Cyprus

Overview In October 2024, South Korea exported $4.59M and imported $393k from Cyprus, resulting in a positive trade balance of $4.19M. Between October 2023 and October 2024 the exports of South Korea have increased by $399k (9.53%) from $4.19M to $4.59M, while imports decreased by $-224k (-36.3%) from $617k to $393k.

Trade In October 2024, the top exports of South Korea to Cyprus were Cars, tractors, trucks & parts thereof. ($3.55M), Electrical machinery and electronics ($980k), Machinery, mechanical appliances, & parts ($613k), Optical, photo, & film equipment; medical... ($187k), and Plastics & articles thereof ($173k). In October 2024 the top imports of South Korea from Cyprus were Copper articles ($612k), Pharmaceutical products ($420k), Machinery, mechanical appliances, & parts ($215k), Perfumery & cosmetics ($27k), and Electrical machinery and electronics ($3k).

Growth In October 2024, the increase in South Korea's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($3.1M or 679%), Machinery, mechanical appliances, & parts ($369k or 151%), and Electrical machinery and electronics ($269k or 37.8%). In October 2024, the decrease in South Korea's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-62k or -95.4%), Edible products of animal origin, n.e.s. ($-58k or -100%), and Perfumery & cosmetics ($-13k or -32.5%).