South Korea / Denmark

Overview In February 2024, South Korea exported $34.2M and imported $75.8M from Denmark, resulting in a negative trade balance of $41.7M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-12.2M (-26.3%) from $46.3M to $34.2M, while imports decreased by $-10.3M (-12%) from $86.2M to $75.8M.

Trade In February 2024, the top exports of South Korea to Denmark were Iron & steel ($20.9M), Cars, tractors, trucks & parts thereof. ($12.5M), Machinery, mechanical appliances, & parts ($7.89M), Electrical machinery and electronics ($2.56M), and Plastics & articles thereof ($1.89M). In February 2024 the top imports of South Korea from Denmark were Pharmaceutical products ($23.9M), Machinery, mechanical appliances, & parts ($22.9M), Meat & edible offal ($5.96M), Glues, starches, & albuminoid products ($5.89M), and Edible products of animal origin, n.e.s. ($5.54M).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-9.61M or -95.9%), Pharmaceutical products ($-6.89M or -99.9%), and Electrical machinery and electronics ($-3.52M or -57.9%). In February 2024, the decrease in South Korea's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Meat & edible offal ($-2.25M or -27.4%), Electrical machinery and electronics ($-1.64M or -37.5%), and Chemical products n.e.s. ($-1.08M or -68%).