South Korea / Honduras

Overview In October 2024, South Korea exported $12.6M and imported $2.42M from Honduras, resulting in a positive trade balance of $10.2M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-1.72M (-12%) from $14.3M to $12.6M, while imports decreased by $-19.2M (-88.8%) from $21.7M to $2.42M.

Trade In October 2024, the top exports of South Korea to Honduras were Cars, tractors, trucks & parts thereof. ($4.98M), Electrical machinery and electronics ($3.31M), Machinery, mechanical appliances, & parts ($770k), Plastics & articles thereof ($251k), and Rubber & articles thereof ($172k). In October 2024 the top imports of South Korea from Honduras were Coffee, tea, mate & spices ($719k), Knitted clothing accesories ($560k), Copper articles ($559k), Aluminum articles ($208k), and Non-knitted clothing accesories ($127k).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Honduras was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-1.98M or -72%), Paints, dyes, & varnishes ($-422k or -82.9%), and Chemical products n.e.s. ($-368k or -85.4%). In October 2024, the decrease in South Korea's year-by-year imports  from Honduras was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings ($-38k or -95%).