South Korea / India

Overview In February 2023, South Korea exported $1.5B and imported $500M from India, resulting in a positive trade balance of $996M. Between February 2022 and February 2023 the exports of South Korea have increased by $146M (10.8%) from $1.35B to $1.5B, while imports decreased by $-231M (-31.6%) from $731M to $500M.

Trade In February 2023, the top exports of South Korea to India were Electrical machinery and electronics ($337M), Iron & steel ($244M), Plastics & articles thereof ($204M), Machinery, mechanical appliances, & parts ($145M), and Mineral fuels, mineral oils and products... ($103M). In February 2023 the top imports of South Korea from India were Aluminum articles ($191M), Mineral fuels, mineral oils and products... ($119M), Iron & steel ($65.4M), Organic chemicals ($54.6M), and Lead articles ($31.1M).

Growth In February 2023, the increase in South Korea's year-by-year exports to India was explained primarily by an increase in product exports in Electrical machinery and electronics ($99.2M or 41.8%), Iron & steel ($46.2M or 23.3%), and Plastics & articles thereof ($27.6M or 15.6%). In February 2023, the decrease in South Korea's year-by-year imports  from India was explained primarily by an decrease in product imports  in Ores, slag and ash ($-41.4M or -100%), Food residues & wastes; animal fodder ($-6.29M or -35.7%), and Cereals ($-5.6M or -99.8%).