South Korea / Nepal

Overview In October 2024, South Korea exported $2.42M and imported $669k from Nepal, resulting in a positive trade balance of $1.75M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-1.07M (-30.7%) from $3.49M to $2.42M, while imports increased by $122k (22.3%) from $547k to $669k.

Trade In October 2024, the top exports of South Korea to Nepal were Cars, tractors, trucks & parts thereof. ($1.46M), Preparations of cereals, flour, starch or... ($232k), Pharmaceutical products ($232k), Optical, photo, & film equipment; medical... ($196k), and Perfumery & cosmetics ($192k). In October 2024 the top imports of South Korea from Nepal were Feather articles, feathers, artificial flowers, &... ($90k), Carpets & textile floor covers ($46k), Beverages, spirits, & vinegar ($42k), Used clothes & textile articles ($26k), and Toys, games, & sports ($20k).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Organic chemicals ($-224k or -96.1%), Machinery, mechanical appliances, & parts ($-221k or -94%), and Iron/Steel Articles ($-116k or -89.2%). In October 2024, the increase in South Korea's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Beverages, spirits, & vinegar ($30k or 250%), Feather articles, feathers, artificial flowers, &... ($15k or 20%), and Carpets & textile floor covers ($11k or 31.4%).