South Korea / Guinea

Overview In July 2024, South Korea exported $1.38M and imported $2.35M from Guinea, resulting in a negative trade balance of $972k. Between July 2023 and July 2024 the exports of South Korea have increased by $158k (12.9%) from $1.22M to $1.38M, while imports decreased by $-1.85M (-44%) from $4.2M to $2.35M.

Trade In July 2024, the top exports of South Korea to Guinea were Machinery, mechanical appliances, & parts ($421k), Plastics & articles thereof ($360k), Cars, tractors, trucks & parts thereof. ($226k), Fish, crustaceans, & molluscs ($207k), and Iron or steel articles ($162k). In July 2024 the top imports of South Korea from Guinea were Fish, crustaceans, & molluscs ($4.92M), Aluminum articles ($208k), Copper articles ($140k), Animal or vegetable fats, oils, &... ($0), and Miscellaneous edible preparations ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Guinea was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($356k or 548%), Fish, crustaceans, & molluscs ($132k or 176%), and Furniture, bedding, lamps, & prefab buildings ($112k or 233%). In July 2024, the decrease in South Korea's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Copper articles ($-369k or -72.5%), Electrical machinery and electronics ($-2k or -100%), and Optical, photo, & film equipment; medical... ($-1k or -100%).