South Korea / Papua New Guinea

Overview In December 2024, South Korea exported $5M and imported $176M from Papua New Guinea, resulting in a negative trade balance of $171M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-453k (-8.31%) from $5.45M to $5M, while imports increased by $93.3M (112%) from $83.2M to $176M.

Trade In December 2024, the top exports of South Korea to Papua New Guinea were Inorganic chemicals ($1.46M), Miscellaneous metal products ($633k), Iron/Steel Articles ($418k), Plastics & articles thereof ($399k), and Cars, tractors, trucks & parts thereof. ($389k). In December 2024 the top imports of South Korea from Papua New Guinea were Mineral fuels, mineral oils and products... ($68.2M), Ores, slag and ash ($8M), Wood, wood articles, & charcoal ($1.5M), Coffee, tea, mate & spices ($200k), and Aluminum articles ($195k).

Growth In December 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 Mineral fuels, mineral oils and products... ($-45.1M or -99.9%), Inorganic chemicals ($-550k or -27.4%), and Cars, tractors, trucks & parts thereof. ($-287k or -42.5%). In December 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 .