South Korea / Algeria

Overview In February 2024, South Korea exported $20.2M and imported $278M from Algeria, resulting in a negative trade balance of $258M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-15.3M (-43%) from $35.5M to $20.2M, while imports increased by $46.8M (20.3%) from $231M to $278M.

Trade In February 2024, the top exports of South Korea to Algeria were Machinery, mechanical appliances, & parts ($5.03M), Plastics & articles thereof ($3.98M), Cars, tractors, trucks & parts thereof. ($3.79M), Optical, photo, & film equipment; medical... ($1.71M), and Pharmaceutical products ($593k). In February 2024 the top imports of South Korea from Algeria were Mineral fuels, mineral oils and products... ($518M), Fish, crustaceans, & molluscs ($116k), Food residues & wastes; animal fodder ($25k), Products of the milling industry ($1k), and Knitted clothing accesories ($1k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Algeria was explained primarily by an decrease in product exports in Pharmaceutical products ($-2.34M or -79.8%), Optical, photo, & film equipment; medical... ($-261k or -13.2%), and Organic chemicals ($-195k or -46.9%). In February 2024, the increase in South Korea's year-by-year imports  from Algeria was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($305M or 143%).