South Korea / Rwanda

Overview In February 2024, South Korea exported $1.75M and imported $605k from Rwanda, resulting in a positive trade balance of $1.15M. Between February 2023 and February 2024 the exports of South Korea have increased by $80k (4.79%) from $1.67M to $1.75M, while imports increased by $571k (1.68k%) from $34k to $605k.

Trade In February 2024, the top exports of South Korea to Rwanda were Cars, tractors, trucks & parts thereof. ($683k), Fish, crustaceans, & molluscs ($252k), Machinery, mechanical appliances, & parts ($120k), Man-made staple fibres ($41k), and Electrical machinery and electronics ($18k). In February 2024 the top imports of South Korea from Rwanda were Coffee, tea, mate & spices ($218k), Machinery, mechanical appliances, & parts ($8k), Fish, crustaceans, & molluscs ($0), Miscellaneous edible preparations ($0), and Soap, cleaners, candles, dental, modelling pastes ($0).

Growth In February 2024, the increase in South Korea's year-by-year exports to Rwanda was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($473k or 225%), Fish, crustaceans, & molluscs ($227k or 908%), and Machinery, mechanical appliances, & parts ($57k or 90.5%). In February 2024, the increase in South Korea's year-by-year imports  from Rwanda was explained primarily by an increase in product imports  in Coffee, tea, mate & spices ($176k or 419%) and Machinery, mechanical appliances, & parts ($6k or 300%).