South Korea / Laos

Overview In February 2024, South Korea exported $6.11M and imported $12.2M from Laos, resulting in a negative trade balance of $6.05M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-2.17M (-26.2%) from $8.28M to $6.11M, while imports increased by $4.24M (53.5%) from $7.93M to $12.2M.

Trade In February 2024, the top exports of South Korea to Laos were Cars, tractors, trucks & parts thereof. ($2.63M), Machinery, mechanical appliances, & parts ($1.09M), Preparations of cereals, flour, starch or... ($325k), Optical, photo, & film equipment; medical... ($190k), and Perfumery & cosmetics ($157k). In February 2024 the top imports of South Korea from Laos were Fertilizers ($5.73M), Wood, wood articles, & charcoal ($5.02M), Optical, photo, & film equipment; medical... ($626k), Footwear ($194k), and Knitted clothing accesories ($173k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Laos was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-1.24M or -53.2%), Plastics & articles thereof ($-148k or -81.8%), and Electrical machinery and electronics ($-133k or -46.8%). In February 2024, the increase in South Korea's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Fertilizers ($5.44M or 1.87k%), Wood, wood articles, & charcoal ($1.42M or 39.4%), and Footwear ($167k or 619%).