New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $20.6BRnk 8 / 220
2022
Flag → Flag
Top Product $2.23BIntegrated Circuits
2022
Flag → Flag
Exports $8.2BRnk 18 / 217
2022
Flag → Flag
Top Product $2.58BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 124
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

South Korea-India In 2022, South Korea exported $20.6B to India. The main products that South Korea exported to India are Integrated Circuits ($2.23B), Special Purpose Ships ($1.96B), and Refined Petroleum ($941M). During the last 27 years the exports of South Korea to India have increased at an annualized rate of 11%, from $1.22B in 1995 to $20.6B 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 In 2022, India exported $8.2B 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). During the last 27 years the exports of India to South Korea have increased at an annualized rate of 8.75%, from $852M in 1995 to $8.2B 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 1.71), and 5 in total exports ($705B). That same year, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $1.47B and imported $557M from India, resulting in a positive trade balance of $914M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-22.4M (-1.5%) from $1.49B to $1.47B, while imports increased by $57.9M (11.6%) from $499M to $557M.

Trade In February 2024, the top exports of South Korea to India were Electrical machinery and electronics ($282M), Plastics & articles thereof ($186M), Iron & steel ($175M), Machinery, mechanical appliances, & parts ($167M), and Mineral fuels, mineral oils and products... ($120M). In February 2024 the top imports of South Korea from India were Mineral fuels, mineral oils and products... ($167M), Organic chemicals ($67.6M), Aluminum articles ($63.1M), Machinery, mechanical appliances, & parts ($24.6M), and Food residues & wastes; animal fodder ($18.8M).

Growth In February 2024, the decrease in South Korea's year-by-year exports to India was explained primarily by an decrease in product exports in Iron & steel ($-69.7M or -28.5%), Electrical machinery and electronics ($-54.5M or -16.2%), and Plastics & articles thereof ($-18.6M or -9.12%). In February 2024, the increase in South Korea's year-by-year imports  from India was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($48.2M or 40.6%), Organic chemicals ($13M or 23.9%), and Food residues & wastes; animal fodder ($7.49M or 66.2%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-22.4M(-1.5%)
IMPORT GROWTH (February 2023 - February 2024)$57.9M(11.6%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check India and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and South Korea Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $20.6B 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 27 years the exports of South Korea to India have increased at an annualized rate of 11%, from $1.22B in 1995 to $20.6B in 2022.

In 2022, India exported $8.2B 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 27 years the exports of India to South Korea have increased at an annualized rate of 8.75%, from $852M in 1995 to $8.2B in 2022.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
India
Top DestinationUnited 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 2021, countries that imported more from South Korea than India were China ($150B), Vietnam ($60.7B), and United States ($112B).

In 2021, countries that imported more from India than South Korea were 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 2022, 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).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to India (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over South Korea.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms