Insights for South Korea

MoM insights: In the month-on-month analysis, South Korea's imports from the Netherlands saw a significant increase of 411.2 million USD, representing a 37.95% rise. The United Kingdom and Algeria also showed strong growth, with increases of 169.4 million USD (68.32%) and 153.13 million USD (61.16%) respectively. On the other hand, imports from China decreased by 1.46 billion USD (-11.06%), while imports from the United States and Australia fell by 998.61 million USD (-14.78%) and 920.45 million USD (-27.34%) respectively. In exports, Malaysia led with a rise of 754.32 million USD (77.43%), followed by Singapore with 700.51 million USD (41.26%) and the United States with 694.33 million USD (5.78%). Conversely, exports to China dropped by 765 million USD (-5.67%), and Vietnam saw a decrease of 588.85 million USD (-9.12%).

YoY insights: In the year-on-year analysis, imports from China increased by 2.24 billion USD (23.66%), while imports from the Netherlands rose by 747.73 million USD (100.09%). Vietnam also saw a notable increase of 669.95 million USD (29.60%). On the downside, imports from Saudi Arabia fell by 549.85 million USD (-23.26%), and Japan's imports decreased by 214.81 million USD (-5.12%). In exports, China experienced a significant increase of 3.23 billion USD (34.04%), with Hong Kong and the United States following with increases of 3.11 billion USD (164.45%) and 2.81 billion USD (28.42%) respectively. However, exports to Bermuda saw a drastic decline of 208.13 million USD (-99.64%).