2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

South Korea-India Trade: In 2022, South Korea exported $15.4B to India. The main products that South Korea exported to India were Integrated Circuits ($2.23B), Special Purpose Ships ($1.96B), and Refined Petroleum ($941M). Over the past 5 years the exports of South Korea to India have increased at an annualized rate of 66.1%, from $1.22B in 2017 to $15.4B in 2022.

In 2005, South Korea exported services to India worth $475M, with Transportation ($299M), Services not allocated ($82.3M), and Travel ($56.3M) being the largest in terms of value.

India-South Korea Trade: In 2022, India exported $4.75B to South Korea. The main products that India exported to South Korea were Refined Petroleum ($2.58B), Raw Aluminium ($1.34B), and Raw Lead ($252M). Over the past 5 years the exports of India to South Korea have increased at an annualized rate of 41%,  from $852M in 2017 to $4.75B in 2022.

In 2022, India did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $15.4B to India. The main products exported from South Korea to India were Integrated Circuits ($2.23B), Special Purpose Ships ($1.96B), and Refined Petroleum ($941M). During the last 5 years the exports of South Korea to India have increased at an annualized rate of 66.1%, from $1.22B in 2017 to $15.4B in 2022.

In 2017, India exported $4.75B to South Korea. The main products exported from India to South Korea were Refined Petroleum ($2.58B), Raw Aluminium ($1.34B), and Raw Lead ($252M). During the last 22 years the exports of India to South Korea have increased at an annualized rate of 41%, from $852M in 1995 to $4.75B in 2017.

Exports from South Korea (Flag) to India (Flag) (2022)

Exports from India (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
India
Top Destination
United States$82.9B

This map shows whether countries import more from South Korea or India. Each country is colored based on the difference in imports they receive from South Korea and India or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than India included China ($150B), Vietnam ($60.7B), and United States ($112B).

In 2022, countries that imported more from India than South Korea included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Netherlands ($17.6B).

Difference in imports from India (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - India

Flow
Scale

This chart compares trade between South Korea and India by product, considering products traded by both, South Korea and India.

During 2022, South Korea had a large net trade with India in the exports of Machines ($6.35B), Metals ($4.1B), and Transportation ($3.15B).

During 2017, India had a large net trade with South Korea in the exports of Mineral Products ($2.69B), Metals ($2.19B), and Chemical Products ($1.02B).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and India. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and India (Flag) (2022)

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