What trade target did Korea and India set for 2030?

KOTRA said it aims to help lift bilateral trade to $50 billion by 2030. In April, Lee Jae Myung and Narendra Modi also agreed to accelerate talks to upgrade the Comprehensive Economic Partnership Agreement with the same trade target.

How much did Korea import from India in the first eight months of 2026?

Imports from India rose 16.2 percent to $5.03 billion in January-August, up from $4.33 billion a year earlier. That brought total bilateral trade to $21.8 billion for the period.

Korea exports to India jump over 30% in January to August on chip demand

Q: Why did Korea’s exports to India rise sharply in January to August 2026?

KOTRA said the increase was driven by strong demand for semiconductors. It added that Korean chipmakers and materials, parts and equipment companies have expanded their presence in India as the country pushes industrial growth.

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Summary

Korea’s exports to India rose 30.8 percent on-year to $16.8 billion in the first eight months of 2026, driven by strong semiconductor demand. KOTRA said India is boosting investment in AI, data centers and related infrastructure under its Make in India initiative. KOTRA President Kang Kyung-sung said the trend points to more business opportunities as global supply chains are reorganized.

Key Facts

Imports from India rose 16.2 percent to $5.03 billion in January-August from $4.33 billion a year earlier.
Total bilateral trade between Korea and India reached $21.8 billion in the first eight months of 2026.
KOTRA aims to help raise bilateral trade between Korea and India to $50 billion by 2030.
In April, President Lee Jae Myung and Indian Prime Minister Narendra Modi agreed to accelerate talks to upgrade their Comprehensive Economic Partnership Agreement with the goal of doubling trade to $50 billion by 2030.

By Yonhap

Published Sep 7, 2026 11:18 am KST

President Lee Jae Myung, left, and Indian Prime Minister Narendra Modi hold a joint press conference in New Delhi, India, April 20. Korea Times photo by Wang Tae-seog

Korea's exports to India jumped more than 30 percent in the first eight months of the year from the same period in 2025, driven by strong demand for semiconductors, a government agency said Monday.

Korean shipments to India rose 30.8 percent on-year to $16.8 billion from January through August compared to $12.84 billion last year, according to the Korea Trade-Investment Promotion Agency (KOTRA).

India is stepping up investment in artificial intelligence (AI), data centers and related infrastructure under its "Make in India" initiative, as it seeks to become a global manufacturing hub, KOTRA said.

Korean chipmakers and materials, parts and equipment companies have expanded their presence in the Indian market amid the country's industrial push, it said.

"The strong performance of exports to India clearly shows that Korean companies will have more business opportunities in the fast-growing market amid the ongoing reorganization of global supply chains," KOTRA President and Chief Executive Officer Kang Kyung-sung said.

KOTRA aims to help increase bilateral trade between Korea and India to $50 billion by 2030, Kang said, with opportunities spanning sectors from semiconductors to consumer goods.

In April, President Lee Jae Myung held a summit with Indian Prime Minister Narendra Modi in India, where the two leaders agreed to accelerate negotiations to upgrade their Comprehensive Economic Partnership Agreement, with a goal of doubling bilateral trade to $50 billion by 2030.

Imports from India rose 16.2 percent to $5.03 billion in January-August from $4.33 billion a year earlier, bringing total bilateral trade to $21.8 billion.

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