South Korea / Mexico

Overview In February 2024, South Korea exported $1.09B and imported $418M from Mexico, resulting in a positive trade balance of $675M. Between February 2023 and February 2024 the exports of South Korea have increased by $98.1M (9.87%) from $994M to $1.09B, while imports decreased by $-326M (-43.8%) from $743M to $418M.

Trade In February 2024, the top exports of South Korea to Mexico were Iron & steel ($159M), Machinery, mechanical appliances, & parts ($156M), Electrical machinery and electronics ($153M), Cars, tractors, trucks & parts thereof. ($144M), and Plastics & articles thereof ($76M). In February 2024 the top imports of South Korea from Mexico were Ores, slag and ash ($245M), Mineral fuels, mineral oils and products... ($179M), Cars, tractors, trucks & parts thereof. ($65.4M), Machinery, mechanical appliances, & parts ($56.5M), and Electrical machinery and electronics ($50.5M).

Growth In February 2024, the increase in South Korea's year-by-year exports to Mexico was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($28.2M or 24.4%), Mineral fuels, mineral oils and products... ($10M or 36.8%), and Optical, photo, & film equipment; medical... ($3.05M or 9.63%). In February 2024, the decrease in South Korea's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-134M or -42.8%), Aluminum articles ($-8.04M or -87.9%), and Meat & edible offal ($-1.07M or -13.9%).