Summary
- India → South Korea
- $6.9billion
- South Korea → India
- $21.2billion
- India’s balance
- -$14.3billion
Balance
India’s trade balance with South Korea
Trade between India and South Korea grew 13.8-fold since 1995
USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 6.9
- Imports 21.2
- Balance -14.3
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $936 million | $1.1 billion | -$168 million |
| 1996 | $1.1 billion | $1.2 billion | -$131 million |
| 1997 | $1 billion | $1.1 billion | -$126 million |
| 1998 | $599 million | $1.6 billion | -$1 billion |
| 1999 | $812 million | $1.4 billion | -$613 million |
| 2000 | $1 billion | $1.1 billion | -$114 million |
| 2001 | $1.1 billion | $1.5 billion | -$333 million |
| 2002 | $1.3 billion | $1.6 billion | -$280 million |
| 2003 | $1.3 billion | $3.2 billion | -$1.9 billion |
| 2004 | $2 billion | $4.2 billion | -$2.2 billion |
| 2005 | $2.3 billion | $5.4 billion | -$3.1 billion |
| 2006 | $3.8 billion | $5.7 billion | -$1.9 billion |
| 2007 | $4.8 billion | $7.1 billion | -$2.3 billion |
| 2008 | $6.8 billion | $9.6 billion | -$2.8 billion |
| 2009 | $4.3 billion | $9 billion | -$4.7 billion |
| 2010 | $5.8 billion | $11.5 billion | -$5.8 billion |
| 2011 | $8 billion | $13.1 billion | -$5.1 billion |
| 2012 | $7.1 billion | $14.3 billion | -$7.2 billion |
| 2013 | $6.4 billion | $12.9 billion | -$6.6 billion |
| 2014 | $5.3 billion | $12.9 billion | -$7.7 billion |
| 2015 | $4.3 billion | $13.1 billion | -$8.8 billion |
| 2016 | $4.2 billion | $12.3 billion | -$8.1 billion |
| 2017 | $5.1 billion | $15.9 billion | -$10.8 billion |
| 2018 | $5.9 billion | $16.4 billion | -$10.5 billion |
| 2019 | $5.5 billion | $16 billion | -$10.4 billion |
| 2020 | $4.9 billion | $12.3 billion | -$7.5 billion |
| 2021 | $8 billion | $16.9 billion | -$8.9 billion |
| 2022 | $8.8 billion | $21.4 billion | -$12.6 billion |
| 2023 | $6.9 billion | $19.4 billion | -$12.4 billion |
| 2024 | $6.9 billion | $21.2 billion | -$14.3 billion |
What they sell each other
What India sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to India
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Nhava Sheva (Mumbai) and Busan is 5,048 nautical miles (9,349 km) long: ≈ 11.5–15 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Malacca and Singapore.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was India’s 9th largest trading partner (2% of its trade), and India was South Korea’s 11th (2%).
- South Korea in India’s trade
- 2.5%
- South Korea’s rank among India’s partners
- 9th
- India in South Korea’s trade
- 2%
- India’s rank among South Korea’s partners
- 11th
Compare with
Other partners of India
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.