South Korea / Uruguay

Overview In February 2024, South Korea exported $9.94M and imported $14M from Uruguay, resulting in a negative trade balance of $4.1M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-124k (-1.23%) from $10.1M to $9.94M, while imports decreased by $-15.4M (-52.2%) from $29.4M to $14M.

Trade In February 2024, the top exports of South Korea to Uruguay were Electrical machinery and electronics ($2.13M), Cars, tractors, trucks & parts thereof. ($2M), Machinery, mechanical appliances, & parts ($1.58M), Plastics & articles thereof ($358k), and Organic chemicals ($201k). In February 2024 the top imports of South Korea from Uruguay were Ores, slag and ash ($9.65M), Wood pulp & paper scrap ($6.26M), Wood, wood articles, & charcoal ($311k), Preparations of fish, crustacenas, & molluscs ($273k), and Fish, crustaceans, & molluscs ($139k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Aluminum articles ($-1.27M or -99.9%), Electrical machinery and electronics ($-738k or -25.7%), and Pharmaceutical products ($-427k or -89.5%). In February 2024, the decrease in South Korea's year-by-year imports  from Uruguay was explained primarily by an decrease in product imports  in Wood pulp & paper scrap ($-3.08M or -33%), Meat & edible offal ($-1.1M or -89.1%), and Wood, wood articles, & charcoal ($-60k or -16.2%).