South Korea / Iceland

Overview In December 2024, South Korea exported $3.74M and imported $1.3M from Iceland, resulting in a positive trade balance of $2.44M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-5.26M (-58.4%) from $9M to $3.74M, while imports decreased by $-57k (-4.19%) from $1.36M to $1.3M.

Trade In December 2024, the top exports of South Korea to Iceland were Cars, tractors, trucks & parts thereof. ($1.81M), Rubber & articles thereof ($228k), Plastics & articles thereof ($38k), Machinery, mechanical appliances, & parts ($38k), and Beverages, spirits, & vinegar ($18k). In December 2024 the top imports of South Korea from Iceland were Fish, Crustaceans & Molluscs ($782k), Preparations of fish, crustacenas, & molluscs ($535k), Optical, photo, & film equipment; medical... ($190k), Plastics & articles thereof ($71k), and Aluminum articles ($26k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-3.68M or -67.1%), Wadding, felt, nonwovens, twin, ropes, &... ($-142k or -100%), and Used clothes & textile articles ($-105k or -99.1%). In December 2024, the decrease in South Korea's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Preparations of fish, crustacenas, & molluscs ($-652k or -54.9%), Aluminum articles ($-46k or -63.9%), and Machinery, mechanical appliances, & parts ($-31k or -73.8%).