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Korea-India Trade

 

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The South Korea – India trade lane is a rapidly growing market, with bilateral trade growing 17.3% year-on-year to $27.8 billion in 2022. This growth is being driven by a number of factors, including the increasing demand for Korean exports in India, the growing presence of Indian companies in South Korea, and the signing of a free trade agreement between the two countries.

South Korea - India Bilateral Trade

In 2022, South Korea exported $18.9 billion worth of goods to India, while India exported $8.9 billion worth of goods to South Korea. This resulted in a trade surplus of $10.0 billion for South Korea.
Driven mainly by semiconductor exports which rose 95% YoY, the other exports from South Korea to India included automotive and electronic components, and components for electrical appliances such as white goods. Imports from India to South Korea included galvanized steel, petrochemical products, etc. Moreover, aided by Indian government’s ‘Make in India’ policy and focus on green energy, India and Korea could see enhanced trade in coming years in areas of Electric Vehicles (EVs), Information and Communications Technology (ICT) and Green Industries.
According to the Export-Import Bank of Korea, Korea’s investment in India for the first nine months in 2022 increased by 54% year-on-year to USD 348 million, a gradual recovery after the pandemic.

Our Solutions

WeFreight is your trusted partner for the South Korea-India trade lane. With our expertise and focus on project management and consulting, we specialize in providing innovative solutions for the automotive, hi-tech, chemical, machinery, and manufacturing industries. Whether you require air consol service, ocean LCL consol service, ocean FCL service, commercial project logistics, transportation solutions, contract logistics, or advice on customs-related matters, WeFreight has got you covered. Experience seamless door-to-door export of goods, efficient customs clearance, and reliable services to enhance your trade between South Korea and India.

 

Services Offered by WeFreight

Let WeFreight be your partner for South Korea – India Trade Lane

The South Korea – India trade lane is a dynamic and growing market. WeFreight is dedicated to providing you with comprehensive logistics solutions for the South Korea-India trade lane. With our expertise, innovative services, and commitment to excellence, we ensure the smooth movement of your goods, facilitating your business growth and success. Contact us today to explore how WeFreight can be your strategic partner in enhancing your trade between South Korea and India.

Contact point for South Korea

AIR

OCEAN

BUSINESS DEVELOPMENT

Contact point for India

AIR

OCEAN