South Korea / Sri Lanka

Overview In February 2024, South Korea exported $11.1M and imported $24.1M from Sri Lanka, resulting in a negative trade balance of $12.9M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-2.65M (-19.2%) from $13.8M to $11.1M, while imports increased by $13.8M (135%) from $10.3M to $24.1M.

Trade In February 2024, the top exports of South Korea to Sri Lanka were Mineral fuels, mineral oils and products... ($3.35M), Man-made filaments ($1.53M), Plastics & articles thereof ($1.4M), Knitted fabrics ($1.2M), and Machinery, mechanical appliances, & parts ($902k). In February 2024 the top imports of South Korea from Sri Lanka were Knitted clothing accesories ($2.57M), Non-knitted clothing accesories ($2.34M), Rubber & articles thereof ($1.56M), Headgear ($1.36M), and Chemical products n.e.s. ($638k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Rubber & articles thereof ($-2.49M or -81.8%), Plastics & articles thereof ($-2.45M or -63.6%), and Iron & steel ($-1.73M or -80.9%). In February 2024, the increase in South Korea's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Rubber & articles thereof ($459k or 41.6%), Non-knitted clothing accesories ($281k or 13.7%), and Electrical machinery and electronics ($197k or 107%).