South Korea / Ghana

Overview In February 2024, South Korea exported $17.5M and imported $1.64M from Ghana, resulting in a positive trade balance of $15.8M. Between February 2023 and February 2024 the exports of South Korea have increased by $5.85M (50.4%) from $11.6M to $17.5M, while imports decreased by $-2.15M (-56.7%) from $3.79M to $1.64M.

Trade In February 2024, the top exports of South Korea to Ghana were Fish, crustaceans, & molluscs ($3.49M), Plastics & articles thereof ($2.79M), Cars, tractors, trucks & parts thereof. ($2.44M), Inorganic chemicals ($1.48M), and Machinery, mechanical appliances, & parts ($781k). In February 2024 the top imports of South Korea from Ghana were Cocoa & cocoa preparations ($819k), Copper articles ($553k), Precious stones, metals, & pearls ($175k), Aluminum articles ($145k), and Electrical machinery and electronics ($26k).

Growth In February 2024, the increase in South Korea's year-by-year exports to Ghana was explained primarily by an increase in product exports in Inorganic chemicals ($604k or 69.1%), Books, newspapers, & other prints ($84k or 1.68k%), and Paper articles ($80k or 31.5%). In February 2024, the decrease in South Korea's year-by-year imports  from Ghana was explained primarily by an decrease in product imports  in Copper articles ($-532k or -49%), Fish, crustaceans, & molluscs ($-118k or -100%), and Tools & cutlery ($-27k or -100%).