South Korea / Laos

Overview In September 2024, South Korea exported $8.07M and imported $5.34M from Laos, resulting in a positive trade balance of $2.73M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-129k (-1.57%) from $8.2M to $8.07M, while imports decreased by $-2.11M (-28.3%) from $7.45M to $5.34M.

Trade In September 2024, the top exports of South Korea to Laos were Cars, tractors, trucks & parts thereof. ($2.63M), Machinery, mechanical appliances, & parts ($1.09M), Preparations of cereals, flour, starch or... ($325k), Optical, photo, & film equipment; medical... ($190k), and Perfumery & cosmetics ($157k). In September 2024 the top imports of South Korea from Laos were Fertilizers ($5.73M), Wood, wood articles, & charcoal ($5.02M), Optical, photo, & film equipment; medical... ($626k), Footwear ($194k), and Knitted clothing accesories ($173k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Laos was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-1.24M or -53.2%), Plastics & articles thereof ($-148k or -81.8%), and Electrical machinery and electronics ($-133k or -46.8%). In September 2024, the decrease in South Korea's year-by-year imports  from Laos was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-182k or -80.5%), Coffee, tea, mate & spices ($-90k or -96.8%), and Toys, games, & sports ($-82k or -46.6%).