China / South Korea

Overview In February 2024, China exported $9.05B and imported $11.7B from South Korea, resulting in a negative trade balance of $2.69B. Between February 2023 and February 2024 the exports of China have decreased by $-2.6B (-22.3%) from $11.7B to $9.05B, while imports decreased by $-651M (-5.26%) from $12.4B to $11.7B.

Trade In February 2024, the top exports of China to South Korea were Integrated Circuits ($1.42B), Electric Batteries ($713M), Inorganic Salts ($523M), Telephones ($469M), and Computers ($352M). In February 2024 the top imports of China from South Korea were Integrated Circuits ($4.41B), Broadcasting Accessories ($839M), Cyclic Hydrocarbons ($443M), Telephones ($409M), and Other Inorganic Acids Salts ($368M).

Origins In February 2024 the exports of China were mainly from Jiangsu Province ($2.27B), Guangdong Province ($1.14B), Shandong Province ($1.13B), Shanghai Province ($862M), and Zhejiang Province ($716M), while imports destinations were mainly Jiangsu Province ($3.08B), Guangdong Province ($2.44B), Shanghai Province ($1.19B), Shandong Province ($745M), and Shaanxi Province ($687M).

Growth In February 2024, the decrease in China's year-by-year exports to South Korea was explained primarily by an decrease in product exports in Integrated Circuits ($-506M or -26.3%), Computers ($-420M or -54.4%), and Flat panel displays ($-300M or -79.4%). In February 2024, the decrease in China's year-by-year imports  from South Korea was explained primarily by an decrease in product imports  in Integrated Circuits ($-3.8B or -46.3%), Flat panel displays ($-342M or -53%), and Machines and apparatus of a kind... ($-299M or -65.9%).