South Korea / Libya

Overview In February 2024, South Korea exported $22.4M and imported $1.04M from Libya, resulting in a positive trade balance of $21.4M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-25.1M (-52.9%) from $47.5M to $22.4M, while imports decreased by $-2.05M (-66.4%) from $3.09M to $1.04M.

Trade In February 2024, the top exports of South Korea to Libya were Cars, tractors, trucks & parts thereof. ($22.4M), Machinery, mechanical appliances, & parts ($2.26M), Electrical machinery and electronics ($1.93M), Rubber & articles thereof ($1.27M), and Organic chemicals ($720k). In February 2024 the top imports of South Korea from Libya were Aluminum articles ($181k), Fish, crustaceans, & molluscs ($38k), Tobacco & substitutes ($0), Mineral fuels, mineral oils and products... ($0), and Organic chemicals ($0).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Libya was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-3.71M or -14.2%), Machinery, mechanical appliances, & parts ($-1.64M or -42.1%), and Plastics & articles thereof ($-1.46M or -70.1%). In February 2024, the decrease in South Korea's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in Fish, crustaceans, & molluscs ($-1.38M or -97.3%) and Aluminum articles ($-26k or -12.6%).