South Korea / Liberia

Overview In December 2024, South Korea exported $751M and imported $127k from Liberia, resulting in a positive trade balance of $750M. Between December 2023 and December 2024 the exports of South Korea have increased by $480M (177%) from $271M to $751M, while imports decreased by $-878k (-87.4%) from $1.01M to $127k.

Trade In December 2024, the top exports of South Korea to Liberia were Ships, boats, & floating structures ($398M), Organic chemicals ($148k), Cars, tractors, trucks & parts thereof. ($115k), Plastics & articles thereof ($8k), and Machinery, mechanical appliances, & parts ($5k). In December 2024 the top imports of South Korea from Liberia were Copper articles ($150k), Ships, boats, & floating structures ($5k), Electrical machinery and electronics ($4k), Optical, photo, & film equipment; medical... ($3k), and Machinery, mechanical appliances, & parts ($2k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Liberia was explained primarily by an increase in product exports in Ships, boats, & floating structures ($133M or 50.2%), Organic chemicals ($97k or 190%), and Electrical machinery and electronics ($2k or 100%). In December 2024, the decrease in South Korea's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in Copper articles ($-10k or -6.25%), Machinery, mechanical appliances, & parts ($-7k or -77.8%), and Ships, boats, & floating structures ($-4k or -44.4%).