South Korea / Marshall Islands

Overview In September 2024, South Korea exported $722M and imported $24k from Marshall Islands, resulting in a positive trade balance of $722M. Between September 2023 and September 2024 the exports of South Korea have increased by $677M (1.49k%) from $45.3M to $722M, while imports decreased by $-17k (-41.5%) from $41k to $24k.

Trade In September 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 September 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 September 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 ($13k or 217%). In September 2024, the decrease in South Korea's year-by-year imports  from Marshall Islands was explained primarily by an decrease in product imports  in Ships, boats, & floating structures ($-12.2M or -100%) and Iron & steel ($-20k or -100%).