Navigation Equipment in   South Korea

Overview In October 2024 South Korea's Navigation Equipment exports accounted up to $35.7M and imports accounted up to $61.3M, resulting in a negative trade balance of $25.5M. Between October 2023 and October 2024 the exports of South Korea's   Navigation Equipment have increased by $520k (1.48%) from $35.2M to $35.7M, while imports decreased by $-2.2M (-3.46%) from $63.5M to $61.3M.

Destinations In October 2024, Navigation Equipment were exported mostly to United States ($12.2M), China ($2.68M), Mexico ($2.5M), Brazil ($2.42M), and Turkey ($2.32M), and were imported mostly from Singapore ($22.3M), United States ($10.9M), China ($8.56M), Vietnam ($6.43M), and Japan ($3.36M).

Growth In October 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Philippines ($546k or 38.3%), Slovakia ($543k or 94.8%), and Japan ($452k or 50.9%). In October 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Hungary ($-948k or -29.1%), Austria ($-784k or -75.3%), and France ($-739k or -51.1%).