South Korea / Turkey

Overview In October 2024, South Korea exported $719M and imported $81.3M from Turkey, resulting in a positive trade balance of $637M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-4.94M (-0.68%) from $724M to $719M, while imports decreased by $-45.8M (-36%) from $127M to $81.3M.

Trade In October 2024, the top exports of South Korea to Turkey were Plastics & articles thereof ($155M), Iron & steel ($113M), Organic chemicals ($87.2M), Machinery, mechanical appliances, & parts ($83.9M), and Cars, tractors, trucks & parts thereof. ($60.1M). In October 2024 the top imports of South Korea from Turkey were Pharmaceutical products ($41.8M), Machinery, mechanical appliances, & parts ($11.5M), Knitted clothing accesories ($6.49M), Cars, tractors, trucks & parts thereof. ($5.37M), and Non-knitted clothing accesories ($4.96M).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Man-made filaments ($-5.72M or -21.5%), Optical, photo, & film equipment; medical... ($-2.79M or -17.1%), and Soap, cleaners, candles, dental, modelling pastes ($-1.1M or -14.1%). In October 2024, the decrease in South Korea's year-by-year imports  from Turkey was explained primarily by an decrease in product imports  in Ores, slag and ash ($-7.65M or -80.9%), Inorganic chemicals ($-4.69M or -63.4%), and Nickel articles ($-3.6M or -91.8%).