South Korea / Vanuatu

Overview In December 2024, South Korea exported $991k and imported $195k from Vanuatu, resulting in a positive trade balance of $796k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-42k (-4.07%) from $1.03M to $991k, while imports decreased by $-1.94M (-90.9%) from $2.14M to $195k.

Trade In December 2024, the top exports of South Korea to Vanuatu were Footwear ($302k), Cars, tractors, trucks & parts thereof. ($287k), Wadding, felt, nonwovens, twin, ropes, &... ($226k), Machinery, mechanical appliances, & parts ($44k), and Optical, photo, & film equipment; medical... ($43k). In December 2024 the top imports of South Korea from Vanuatu were Fish, Crustaceans & Molluscs ($232k), Electrical machinery and electronics ($29k), Edible vegetables, roots, & tubers ($0), Products of the milling industry ($0), and Oils seeds, oleaginous fruits, grains, straw... ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Vanuatu was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-310k or -51.9%) and Electrical machinery and electronics ($-1k or -50%). In December 2024, the decrease in South Korea's year-by-year imports  from Vanuatu was explained primarily by an decrease in product imports  in Fish, Crustaceans & Molluscs ($-872k or -79%).