India-South Korea trade grew by 40 per cent to $23.7 billion in 2021, according to Korea Trade-Investment Promotion Agency (KOTRA). In 2020, trade between the two sides was worth $16.9 billion. This was disclosed by ambassador of South Korea to India Chang Jae-bok while inaugurating the 4th edition of Korea Fair in India (KFI) 2022 in New Delhi recently."[South] Korea and India have a strong economic partnership and that is rapidly expanding,” KOTRA said in a statement quoting the ambassador.
The 2021 figure was the highest-ever trade volume between the two countries, a news agency reported.
India-South Korea bilateral trade grew by 40 per cent to $23.7 billion in 2021, according to Korea Trade-Investment Promotion Agency. In 2020, trade between the two sides was worth $16.9 billion. This was disclosed by ambassador of South Korea to India Chang Jae-bok while inaugurating the 4th edition of Korea Fair in India (KFI) 2022 in New Delhi recently.#
As per KOTRA, Korea imported goods worth $8.06 billion from India in 2021. During the year, all major imported items from India witnessed a significant increase.
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