South Korea / Madagascar

Overview In September 2024, South Korea exported $2.57M and imported $5.28M from Madagascar, resulting in a negative trade balance of $2.72M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-1.62M (-38.8%) from $4.19M to $2.57M, while imports decreased by $-9.18M (-63.5%) from $14.5M to $5.28M.

Trade In September 2024, the top exports of South Korea to Madagascar were Cars, tractors, trucks & parts thereof. ($1.02M), Machinery, mechanical appliances, & parts ($474k), Plastics & articles thereof ($287k), Man-made filaments ($272k), and Chemical products n.e.s. ($148k). In September 2024 the top imports of South Korea from Madagascar were Nickel articles ($21.9M), Non-knitted clothing accesories ($377k), Coffee, tea, mate & spices ($269k), Knitted clothing accesories ($133k), and Straw & esparto manufactures ($32k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-438k or -30%), Plastics & articles thereof ($-243k or -45.8%), and Beverages, spirits, & vinegar ($-79k or -50.3%). In September 2024, the decrease in South Korea's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... ($-380k or -99.7%), Knitted clothing accesories ($-116k or -46.6%), and Perfumery & cosmetics ($-9k or -50%).