South Korea / Papua New Guinea

Overview In October 2024, South Korea exported $4.76M and imported $154M from Papua New Guinea, resulting in a negative trade balance of $149M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-33.3M (-87.5%) from $38.1M to $4.76M, while imports increased by $100M (186%) from $53.7M to $154M.

Trade In October 2024, the top exports of South Korea to Papua New Guinea were Mineral fuels, mineral oils and products... ($45.1M), Inorganic chemicals ($2.01M), Cars, tractors, trucks & parts thereof. ($676k), Iron/Steel Articles ($427k), and Machinery, mechanical appliances, & parts ($421k). In October 2024 the top imports of South Korea from Papua New Guinea were Mineral fuels, mineral oils and products... ($266M), Ores, slag and ash ($10.2M), Wood, wood articles, & charcoal ($1.68M), Coffee, tea, mate & spices ($519k), and Aluminum articles ($463k).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Papua New Guinea was explained primarily by an decrease in product exports in Miscellaneous metal products ($-405k or -59.6%), Plastics & articles thereof ($-173k or -79%), and Iron/Steel Articles ($-135k or -24%). In October 2024, the increase in South Korea's year-by-year imports  from Papua New Guinea was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($93.3M or 54%), Ores, slag and ash ($3.53M or 53.1%), and Wood, wood articles, & charcoal ($448k or 36.3%).