Overview: In February 2021 South Korea's Machinery and appliances exports accounted up to N/A5.38B and imports accounted up to N/A4.94B, resulting in a positive trade balance of N/A445M. Between February 2020 and February 2021 the exports of South Korea's Machinery and appliances have decreased by N/A-12.1M (-0.22%) from N/A5.4B to N/A5.38B, while imports increased by N/A1.26B (34.3%) from N/A3.68B to N/A4.94B.
Destinations: In February 2021 Machinery and appliances exported mostly to China ($1.4B), United States ($1.31B), Vietnam ($276M), Japan ($238M), and Hong Kong ($162M), and imported mostly from China ($1.28B), Japan ($889M), United States ($771M), Netherlands ($398M), and Singapore ($269M).
Growth: In February 2021, the decrease in Machinery and appliances's year-by-year exports was explained primarily by a decrease in exports to Kazakhstan ($-250M or -97.8%), India ($-89.3M or -38.9%), and United Arab Emirates ($-62.6M or -64.4%). In February 2021, the increase in Machinery and appliances's year-by-year imports was explained primarily by an increase in imports from China ($589M or 84.7%), United States ($173M or 28.8%), and Netherlands ($173M or 76.5%).