South Korea / Norway

Overview In February 2024, South Korea exported $32.9M and imported $144M from Norway, resulting in a negative trade balance of $112M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-45.7M (-58.2%) from $78.6M to $32.9M, while imports increased by $20M (16%) from $124M to $144M.

Trade In February 2024, the top exports of South Korea to Norway were Ships, boats, & floating structures ($41.8M), Cars, tractors, trucks & parts thereof. ($37.3M), Machinery, mechanical appliances, & parts ($3.09M), Electrical machinery and electronics ($1.24M), and Perfumery & cosmetics ($1.03M). In February 2024 the top imports of South Korea from Norway were Fish, crustaceans, & molluscs ($59.4M), Precious stones, metals, & pearls ($27.7M), Nickel articles ($15.7M), Machinery, mechanical appliances, & parts ($8.22M), and Optical, photo, & film equipment; medical... ($6.65M).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Norway was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-21.3M or -98.6%), Electrical machinery and electronics ($-4.24M or -77.4%), and Optical, photo, & film equipment; medical... ($-326k or -47.4%). In February 2024, the increase in South Korea's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Precious stones, metals, & pearls ($22.2M or 408%), Optical, photo, & film equipment; medical... ($2.19M or 49.3%), and Chemical products n.e.s. ($468k or 61.1%).