Overview In June 2021 South Korea's Passenger and Cargo Ships exports accounted up to $1.47B and imports accounted up to $320M, resulting in a positive trade balance of $1.15B. Between June 2020 and June 2021 the exports of South Korea's Passenger and Cargo Ships have increased by $176M (13.5%) from $1.3B to $1.47B, while imports increased by $76.5M (31.4%) from $244M to $320M.
Destinations In June 2021, Passenger and Cargo Ships were exported mostly to Liberia ($421M), Marshall Islands ($359M), Bermuda ($189M), Panama ($189M), and Bahamas ($148M), and were imported mostly from China ($166M), Marshall Islands ($65.7M), Japan ($45.6M), Singapore ($27.2M), and Poland ($14.3M).
Growth In June 2021, the increase in Passenger and Cargo Ships's year-by-year exports was explained primarily by an increase in exports to Liberia ($292M or 227%) and Panama ($17.9M or 10.4%). In June 2021, the increase in Passenger and Cargo Ships's year-by-year imports was explained primarily by an increase in imports from China ($15.4M or 10.2%).