South Korea / Marshall Islands

Overview In August 2024, South Korea exported $420M and imported $106k from Marshall Islands, resulting in a positive trade balance of $420M. Between August 2023 and August 2024 the exports of South Korea have increased by $262M (166%) from $158M to $420M, while imports increased by $56k (112%) from $50k to $106k.

Trade In August 2024, the top exports of South Korea to Marshall Islands were Ships, boats, & floating structures ($556M), Cars, tractors, trucks & parts thereof. ($250k), Iron & steel ($59k), Mineral fuels, mineral oils and products... ($39k), and Preparations of cereals, flour, starch or... ($31k). In August 2024 the top imports of South Korea from Marshall Islands were Machinery, mechanical appliances, & parts ($6k), Products of the milling industry ($0), Oils seeds, oleaginous fruits, grains, straw... ($0), Animal or vegetable fats, oils, &... ($0), and Preparations of fish, crustacenas, & molluscs ($0).

Growth In August 2024, the increase in South Korea's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Ships, boats, & floating structures ($184M or 49.6%), Cars, tractors, trucks & parts thereof. ($118k or 89.4%), and Electrical machinery and electronics ($13k or 217%). In August 2024, the increase in South Korea's year-by-year imports  from Marshall Islands was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts ($2k or 50%).