South Korea / Oman

Overview In February 2024, South Korea exported $30.7M and imported $520M from Oman, resulting in a negative trade balance of $489M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-9.54M (-23.7%) from $40.3M to $30.7M, while imports decreased by $-248M (-32.3%) from $768M to $520M.

Trade In February 2024, the top exports of South Korea to Oman were Iron & steel ($8.01M), Organic chemicals ($7.93M), Cars, tractors, trucks & parts thereof. ($5.79M), Iron or steel articles ($5.03M), and Machinery, mechanical appliances, & parts ($3.59M). In February 2024 the top imports of South Korea from Oman were Mineral fuels, mineral oils and products... ($894M), Organic chemicals ($6.57M), Iron & steel ($1.19M), Stone, plaster, cement, asbestos, mica. ($693k), and Fish, crustaceans, & molluscs ($540k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Oman was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-1.72M or -32.4%), Plastics & articles thereof ($-1.12M or -52.8%), and Food residues & wastes; animal fodder ($-284k or -100%). In February 2024, the decrease in South Korea's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Organic chemicals ($-8.8M or -57.3%), Aluminum articles ($-2.89M or -100%), and Iron & steel ($-2.46M or -67.3%).