General

According to the import and export data released by the New Delhi Representative Office of the Korean Trade Association on the 21st, South Korea's exports to India in the third quarter of this year amounted to 5.62 billion US dollars, breaking the US $5 billion mark for the first time and achieving a historic breakthrough.

According to the import and export data, South Korea's exports to India in the third quarter amounted to 5.62 billion US dollars, and the exports in July reached 2.36 billion US dollars. This is mainly due to the export of offshore engineering structures up to $980 million. According to the import and export statistics, South Korea's exports to India in the first nine months of this year totaled 14.6 billion US dollars, up 28% year on year.

According to the import and export data, steel plates and semiconductors occupy the top two positions with US $1.78 billion and US $1.74 billion respectively. Thanks to the launch of 5G mobile services in India, the export of wireless communication equipment surged 158% year on year to $460 million.

According to import and export data, South Korea's imports from India in the first nine months of this year were 7.35 billion US dollars, up 27.2% year on year. In the first half of the year, the growth rate was 47.1%, a large increase, but the decline has gradually expanded since August (- 7.4%) and September (- 24.3%). As a result, South Korea's trade balance with India reached 7.26 billion US dollars. In particular, the surplus in the third quarter was 3.51 billion US dollars, reaching the second highest level in history.