South Korea / Iceland

Overview In July 2024, South Korea exported $1.78M and imported $1.25M from Iceland, resulting in a positive trade balance of $534k. Between July 2023 and July 2024 the exports of South Korea have decreased by $-727k (-29%) from $2.51M to $1.78M, while imports decreased by $-461k (-26.9%) from $1.71M to $1.25M.

Trade In July 2024, the top exports of South Korea to Iceland were Cars, tractors, trucks & parts thereof. ($5.49M), Rubber & articles thereof ($221k), Wadding, felt, nonwovens, twin, ropes, &... ($142k), Used clothes & textile articles ($106k), and Plastics & articles thereof ($8k). In July 2024 the top imports of South Korea from Iceland were Preparations of fish, crustacenas, & molluscs ($1.19M), Fish, crustaceans, & molluscs ($360k), Aluminum articles ($72k), Optical, photo, & film equipment; medical... ($55k), and Machinery, mechanical appliances, & parts ($42k).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-1.53M or -99.9%), Machinery, mechanical appliances, & parts ($-27k or -100%), and Tools & cutlery ($-15k or -83.3%). In July 2024, the decrease in South Korea's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Plastics & articles thereof ($-4k or -50%), Cars, tractors, trucks & parts thereof. ($-3k or -100%), and Knitted clothing accesories ($-2k or -100%).