South Korea / Ethiopia

Overview In October 2024, South Korea exported $11.8M and imported $17.2M from Ethiopia, resulting in a negative trade balance of $5.42M. Between October 2023 and October 2024 the exports of South Korea have increased by $5.03M (74.2%) from $6.79M to $11.8M, while imports increased by $780k (4.74%) from $16.5M to $17.2M.

Trade In October 2024, the top exports of South Korea to Ethiopia were Machinery, mechanical appliances, & parts ($3.03M), Organic chemicals ($1.52M), Plastics & articles thereof ($1.02M), Electrical machinery and electronics ($413k), and Rubber & articles thereof ($257k). In October 2024 the top imports of South Korea from Ethiopia were Coffee, tea, mate & spices ($8.89M), Live trees, plants, bulbs, cut flowers,... ($517k), Non-knitted clothing accesories ($239k), Knitted clothing accesories ($7k), and Miscellaneous edible preparations ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Ethiopia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($2.4M or 386%), Organic chemicals ($759k or 99.3%), and Electrical machinery and electronics ($354k or 600%). In October 2024, the increase in South Korea's year-by-year imports  from Ethiopia was explained primarily by an increase in product imports  in Coffee, tea, mate & spices ($1.46M or 19.6%), Live trees, plants, bulbs, cut flowers,... ($198k or 62.1%), and Non-knitted clothing accesories ($98k or 69.5%).