South Korea / Libya

Overview In December 2024, South Korea exported $40.9M and imported $2.66M from Libya, resulting in a positive trade balance of $38.3M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-7.05M (-14.7%) from $48M to $40.9M, while imports increased by $530k (24.9%) from $2.13M to $2.66M.

Trade In December 2024, the top exports of South Korea to Libya were Cars, tractors, trucks & parts thereof. ($23.1M), Electrical machinery and electronics ($1.93M), Mineral fuels, mineral oils and products... ($1.47M), Machinery, mechanical appliances, & parts ($1.33M), and Rubber & articles thereof ($789k). In December 2024 the top imports of South Korea from Libya were Aluminum articles ($1.16M), Fish, Crustaceans & Molluscs ($48k), Preparations of cereals, flour, starch or... ($0), Mineral fuels, mineral oils and products... ($0), and Organic chemicals ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Libya was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-934k or -41.3%), Organic chemicals ($-574k or -79.7%), and Rubber & articles thereof ($-476k or -37.6%). In December 2024, the increase in South Korea's year-by-year imports  from Libya was explained primarily by an increase in product imports  in Aluminum articles ($975k or 539%) and Fish, Crustaceans & Molluscs ($10k or 26.3%).