South Korea / Kuwait

Overview In February 2024, South Korea exported $32.3M and imported $866M from Kuwait, resulting in a negative trade balance of $834M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-7.03M (-17.8%) from $39.4M to $32.3M, while imports increased by $98M (12.8%) from $768M to $866M.

Trade In February 2024, the top exports of South Korea to Kuwait were Electrical machinery and electronics ($14.4M), Cars, tractors, trucks & parts thereof. ($14M), Machinery, mechanical appliances, & parts ($5.65M), Aluminum articles ($2.79M), and Plastics & articles thereof ($2.59M). In February 2024 the top imports of South Korea from Kuwait were Mineral fuels, mineral oils and products... ($673M), Organic chemicals ($3.13M), Chemical products n.e.s. ($2.41M), Copper articles ($546k), and Aluminum articles ($35k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Iron & steel ($-3.32M or -73.9%), Copper articles ($-578k or -76.8%), and Chemical products n.e.s. ($-374k or -69.4%). In February 2024, the increase in South Korea's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... ($1k or 50%).