2026 Trade Outlook: Korea, South Export Statistics and Trends for India

Identify emerging opportunities and navigate market shifts in the Korea, South-India trade corridor for the 2026 fiscal year.

$18.7 b

Market Size

Smart card

Korea-India Comprehensive Economic

In force FTA

~11.90%

Market Growth Rate

Korea, South’s 2026 Exports to India: A Market Analysis by the Numbers

AI Insight

South Korea’s export market to India shows a resilient growth trajectory, increasing from $11.9B in 2020 to $18.66B in 2024. The portfolio is heavily weighted toward high-tech electronics, with smart cards serving as the primary value driver ($2.67B). Emerging trends reveal a surge in industrial materials, particularly steel and aluminum, which saw 103.84% growth. For investors, this signifies a strategic shift toward supporting India’s expanding manufacturing and digital infrastructure through specialized components and raw materials.

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5-Year Export Trajectory for Korea, South's to India's

AI Insight

South Korean exports to India demonstrate a strong upward trajectory, rising from $11.9 billion in 2020 to $18.66 billion in 2024. Although there was a slight contraction in 2023, the market recovered in 2024, representing an overall growth of approximately 57% over the five-year period, signaling a robust and expanding trade partnership.

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Top 10 Exports from Korea, South's to India's

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In 2024, smart cards (HS854211) dominated exports at $2.67 billion, followed by petroleum ether at $952.7 million. The top 10 list reveals a heavy concentration in high-tech electronics, industrial steel (including coils and galvanized sheets), and automotive components such as airbags and gear boxes, highlighting Korea's role in India's manufacturing supply chain.

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Dive into granular Korea, South's export data to monitor global trade movements and identify emerging, high-value supply networks.

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Comparative Analysis of Export Expansion Rates

Compare export growth rates across markets and products to identify outperforming segments and strategic opportunities.

Compare Growth Rates

7.5%Annual Growth

AI Insight

The analyzed sector exhibits a growth rate of 7.5%. This positive trajectory indicates steady market expansion and suggests a healthy environment for investment and development based on the current data trends.
Stakeholders should note this consistent upward momentum.

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High-Potential Categories in the India's Market

AI Insight

Steel and aluminum (HS720842) is the fastest-growing emerging product with a 103.84% growth rate. Other high-momentum categories include smart cards at 39.97% and communication apparatus parts at 22.55%. These figures indicate a significant surge in demand for raw industrial materials and telecommunications infrastructure components within the Indian market.

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India’s Import Regulations

Before Shipment

1. Import Export Code (IEC) registration. 2. BIS certification for electronics/machinery. 3. FSSAI permits for food. 4. EPR authorization for e-waste. 5. Phytosanitary certificates for agri-goods. All mandatory permits must be obtained before shipment to avoid delays.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading or Airway Bill. 3. Packing List. 4. Certificate of Origin (COO) for preferential duties. 5. Bill of Entry filed via ICEGATE. These documents are essential for customs valuation, classification, and cargo release in India.

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How to Benefit from India’s Free Trade Agreements

Gain a cost advantage. Use India’s expansive trade network to secure zero-tariff access and outpace your competitors.

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Korea-India Comprehensive Economic Partnership Agreement (CEPA)
Regional Comprehensive Economic Partnership (RCEP)
Korea-US Free Trade Agreement (KORUS)
India-ASEAN Comprehensive Economic Cooperation Agreement (CECA)
India-UAE Comprehensive Economic Partnership Agreement (CEPA)

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