South Korea / Marshall Islands

Overview In February 2024, South Korea exported $303M and imported $79k from Marshall Islands, resulting in a positive trade balance of $303M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-129M (-29.9%) from $432M to $303M, while imports increased by $60k (316%) from $19k to $79k.

Trade In February 2024, the top exports of South Korea to Marshall Islands were Ships, boats, & floating structures ($556M), Cars, tractors, trucks & parts thereof. ($250k), Iron & steel ($59k), Mineral fuels, mineral oils and products... ($39k), and Preparations of cereals, flour, starch or... ($31k). In February 2024 the top imports of South Korea from Marshall Islands were Machinery, mechanical appliances, & parts ($6k), Products of the milling industry ($0), Oils seeds, oleaginous fruits, grains, straw... ($0), Animal or vegetable fats, oils, &... ($0), and Preparations of fish, crustacenas, & molluscs ($0).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Marshall Islands was explained primarily by an decrease in product exports in Iron & steel ($-23k or -28%), Machinery, mechanical appliances, & parts ($-14k or -100%), and Mineral fuels, mineral oils and products... ($-12k or -23.5%). In February 2024, the increase in South Korea's year-by-year imports  from Marshall Islands was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts ($2k or 50%).