Korea India Economic Relations (as of Feb 2020)

Economic Relations between Korea and India (as of Feb 2020)

Korea-India Trade:

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In 2019 the bilateral trade volume reached 20.6 billion dollar which was slightly declined by 4.2%. Korea’s main exports to India are automobile parts, telecommunication equipment, hot rolled iron products, petroleum refined products, base lubricating oils, nuclear reactors, mechanical appliances, electrical machinery & parts and iron & steel products.

[Korea-India Bilateral Trade 2013-2019]

(Amount in US$ 100millions, %)

Year	2013		2014		2015		2016		2017		2018		2019
growth%	growth	growth	growth	growth		growth		growth
Total	176	-6.4	181	2.8	162	-10.5	158	-2.5	200	27	215	7.5	206	-4.2
Export	114	-4.6	128	12.4	120	-5.9	116	-3.6	151	29.8	156	3.7	151	-3.2
Import	62	-10.7	53	-14.7	42	-19.6	42	-1.2	49	18.1	59	18.9	56	-5.1
Balance	52		75		78		74		102		98		95

Source: Korea International Trade Association (as of Jan, 2020)

Korea-India Investment:

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Investment between the two counties is robust and has significantly increased as both the government and private sector have been propelling cooperation. The Korean FDI to India (up to 2019 Sep) stood at $6.29 billion, of which $340 million accounts for 2019. 

[Korea’s FDI to India 2011-2019]

(Amount in US$ Millions)

Year	2011	2012	2013	2014	2015	2016	2017	2018	2019	Total(since 1980)
No. of Registration	205	212	190	160	264	268	308	408	322	3,780
No. of New Companies	66	52	41	39	55	56	112	118	99	1,194
Investment	456	319	347	337	365	336	516	1,053	340	6,294

 Source: Korea EXIM Bank, (As of Sep. 2019)