Category: South Korea

Country South Korea

Profile: East Asian country known for its technological innovation, K-pop culture, and vibrant cities.
Export-Import Data: Exports electronics, automobiles, and chemicals. Imports machinery and fuels.
Trading Partners: China, United States, Japan.
Future Opportunities: Technology innovation, renewable energy expansion, and cultural exports.

Trustworthy India Trade Partner Countries and Export Opportunities for Indian Exporters
Apr 14

Trustworthy India Top Trade Partner Countries and Export Opportunities for Indian Exporters

India is one of the world’s fastest-growing economies and a leading exporter of a wide range of goods and services. With a population of over 1.3 billion people and a rapidly expanding middle class, the country offers a large and lucrative market for businesses around the world. At the same time, India is also an important exporter, shipping products ranging from textiles and agricultural goods to high-tech electronics and pharmaceuticals to countries around the globe. Trustworthy India Trade Partner Countries Read Full Details…

Apr 12

HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line

The pact was signed by the two entities at GIFT City in Gujarat’s capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses, said the release HDFC Bank on Wednesday announced that it has signed a ”Master Inter Bank Credit Agreement” with the Export-Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two Read Full Details…

Feb 13

Egypt’s exports to South Korea records 161 percent increase in 2022

Egypt’s exports to Korea recorded an increase of 161 percent in 2022 year-on-year as it reached an all-time high of $1.69 billion, the Cairo office of the Korea Trade-Investment Promotion Agency (KOTRA) said on Sunday. According to KOTRA, Egypt’s exports to Korea marked a $220 million surplus in 2022 from a $1 billion trade deficit in 2021. Natural gas and petroleum products top Egypt’s exports to South Korea. Egypt exported to Korea $810 million worth of natural gas and $760 Read Full Details…

Jan 25

Korea Depends More Heavily on Battery Raw Materials from China

Korea’s dependence on China for lithium-ion battery materials, such as lithium hydroxide, cobalt, and graphite, has increased, the Korea International Trade Association (KITA) said on Jan. 24. According to KITA trade statistics released on Jan. 24, China accounted for 87.9 percent of Korea’s lithium hydroxide and lithium oxide imports in 2022, which amounted to US$3.676 billion. The figure represented an increase of 4.1 percentage points from 83.8 percent in 2021. Lithium hydroxide is mainly used for nickel cobalt manganese (NCM) Read Full Details…