South Korea / Georgia

Overview In September 2024, South Korea exported $8.98M and imported $310k from Georgia, resulting in a positive trade balance of $8.67M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-4.69M (-34.3%) from $13.7M to $8.98M, while imports decreased by $-1.06M (-77.3%) from $1.37M to $310k.

Trade In September 2024, the top exports of South Korea to Georgia were Cars, tractors, trucks & parts thereof. ($5.89M), Plastics & articles thereof ($2.6M), Machinery, mechanical appliances, & parts ($1.02M), Iron & steel ($854k), and Paper articles ($618k). In September 2024 the top imports of South Korea from Georgia were Knitted clothing accesories ($328k), Non-knitted clothing accesories ($103k), Electrical machinery and electronics ($87k), Machinery, mechanical appliances, & parts ($47k), and Preparations of vegetables, fruit, nuts or... ($26k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Georgia was explained primarily by an decrease in product exports in Iron & steel ($-269k or -24%), Musical instruments ($-44k or -100%), and Inorganic chemicals ($-26k or -96.3%). In September 2024, the decrease in South Korea's year-by-year imports  from Georgia was explained primarily by an decrease in product imports  in Inorganic chemicals ($-660k or -99.7%), Beverages, spirits, & vinegar ($-23k or -76.7%), and Cars, tractors, trucks & parts thereof. ($-7k or -100%).