globaltraffic.earth

How dependent is India on South Korea?

In 2024, South Korea sold $21.2 billion to India, 3.1% of its imports, ranking 9th among its suppliers. Its share was 3.2% in 2019 and 3.1% in 1995. In 6 products it sells more than 50% of what India buys of them (in 3, more than 75%); what India buys from South Korea in those products (dominated value) adds up to $1.5 billion, 0.21% of its imports.

Summary

Share of its imports
3.1%
Value imported
$21.2billion
Rank among its suppliers
9th
Products where it sells over 50%
6
Products where it sells over 75%
3
Dominated value
$1.5billion
Share of total imports
0.2%

Trend

South Korea went from 3.1% to 3.1% of what India buys

Trend in shares

South Korea went from 3.1% to 3.1% of what India buys

Share (%)

  • South Korea 3.1%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951,1053.1%9
19961,2183.2%10
19971,1252.7%13
19981,6343.6%10
19991,4252.6%15
20001,1292.5%14
20011,4723.3%13
20021,5713.1%13
20033,2175.1%4
20044,1704.9%6
20055,3904.6%7
20065,6633.2%10
20077,0742.9%10
20089,5833%11
20098,9943.3%10
201011,5333.2%7
201113,1012.8%12
201214,2902.9%9
201312,9492.8%12
201412,9322.9%12
201513,1053.4%7
201612,2753.4%7
201715,8563.6%7
201816,3953.2%7
201915,9643.2%8
202012,3383.2%8
202116,8542.9%9
202221,4103%10
202319,3562.9%9
202421,2133.1%9

Products where South Korea sells more than half

6 products, 0.21% of what it buys
ProductSupplierShareSecondValue
Cargo and cruise shipsSouth Korea75.4%over 75%Japan · 8.1%$978 million
Unwrought zincSouth Korea55.9%Japan · 26%$310 million
Cold-rolled flat steelSouth Korea66.1%China · 15.1%$155 million
Nitric and sulfonitric acidsSouth Korea96.2%over 75%Germany · 1.3%$22 million
Railway freight carsSouth Korea91.2%over 75%China · 7.9%$9 million
Steelmaking slag and wasteSouth Korea62.2%Kuwait · 30.1%$4 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from South Korea

South Korea’s 8th customer, 2.8% of its sales

India is South Korea’s 8th-largest customer, with 2.8% of its exports.

Sources and method

CEPII BACI and 1 more

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.