South Korea / Ghana

Overview In July 2024, South Korea exported $12.7M and imported $5.03M from Ghana, resulting in a positive trade balance of $7.65M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-559k (-4.22%) from $13.2M to $12.7M, while imports increased by $3.37M (203%) from $1.66M to $5.03M.

Trade In July 2024, the top exports of South Korea to Ghana were Fish, crustaceans, & molluscs ($3.49M), Plastics & articles thereof ($2.79M), Cars, tractors, trucks & parts thereof. ($2.44M), Inorganic chemicals ($1.48M), and Machinery, mechanical appliances, & parts ($781k). In July 2024 the top imports of South Korea from Ghana were Cocoa & cocoa preparations ($819k), Copper articles ($553k), Precious stones, metals, & pearls ($175k), Aluminum articles ($145k), and Electrical machinery and electronics ($26k).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Ghana was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-6M or -99.8%), Plastics & articles thereof ($-4.84M or -63.4%), and Fish, crustaceans, & molluscs ($-1.58M or -31.1%). In July 2024, the increase in South Korea's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Cocoa & cocoa preparations ($670k or 450%), Aluminum articles ($99k or 215%), and Precious stones, metals, & pearls ($85k or 94.4%).