South Korea / Chile

Overview In February 2024, South Korea exported $176M and imported $543M from Chile, resulting in a negative trade balance of $366M. Between February 2023 and February 2024 the exports of South Korea have increased by $85.6M (94.3%) from $90.8M to $176M, while imports decreased by $-56.7M (-9.46%) from $599M to $543M.

Trade In February 2024, the top exports of South Korea to Chile were Mineral fuels, mineral oils and products... ($37.9M), Cars, tractors, trucks & parts thereof. ($30.3M), Machinery, mechanical appliances, & parts ($11.7M), Plastics & articles thereof ($7.83M), and Iron & steel ($5.89M). In February 2024 the top imports of South Korea from Chile were Inorganic chemicals ($259M), Copper articles ($166M), Ores, slag and ash ($91.9M), Edible fruits, nuts & fruit peels ($37.8M), and Wood pulp & paper scrap ($16.2M).

Growth In February 2024, the increase in South Korea's year-by-year exports to Chile was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... ($37M or 4.47k%), Iron & steel ($3.69M or 169%), and Salt, sulphur, cement, lime, stone, &... ($1.78M or 85.3%). In February 2024, the decrease in South Korea's year-by-year imports  from Chile was explained primarily by an decrease in product imports  in Ores, slag and ash ($-139M or -60.3%), Copper articles ($-96.5M or -36.8%), and Beverages, spirits, & vinegar ($-1.7M or -28.9%).