India to South Korea: Iron Export Trade Route

The India to South Korea Iron corridor is one of India's established pharmaceutical export routes, with 13 shipments documented worth a combined $3.2M USD. The route is dominated by SWATI SPENTOSE PRIVATE LIMITED, which alone accounts for roughly 97% of all export value, reflecting the consolidated nature of India's iron manufacturing sector.

Across 4 active suppliers, the average shipment value stands at $245.0K USD — a figure that reflects both bulk commercial orders from large pharmaceutical companies and smaller specialty shipments. Sea freight dominates at 83% of all shipments, consistent with iron's non-urgent bulk-order profile.

Shipment activity peaks during April–June, with an average transit time of 23 days port-to-port. The route has recorded an annual growth rate of 23.7%, placing it at rank #12 among India's top iron export destinations globally.

On the import side, key buyers of Indian iron in South Korea include NA, KEB HANA BANK, KEB HANA BANK TRADE AND SERVICES DE and 3 others. NA is the single largest importer with 6 shipments valued at $2.0M USD.

India's iron exports to South Korea are driven primarily by a handful of large-scale manufacturers. SWATI SPENTOSE PRIVATE LIMITED with 10 shipments leads the pack, a pattern common in generic pharmaceutical corridors where manufacturing scale creates significant cost advantages. The presence of 4 active exporters signals a competitive but concentrated market — buyers in South Korea benefit from supplier diversity while the top tier handles the majority of volume.

The top 3 suppliers — SWATI SPENTOSE PRIVATE LIMITED, AIZANT DRUG RESEARCH SOLUTIONS PRIVATE LIMITED, PARTH OVERSEAS — together account for 100% of total trade value on this route. The average shipment value of $245.0K USD reflects primarily bulk commercial orders from large pharmaceutical distributors.

Beyond the primary product category, shipments on this route include closely related formulations such as jelmiron capsules 9000 bottels x90=8100 and jelmiron capsules 9000 bottels packx90 810000 caps each cap cont active pentosan polysulfate sodium 100mg inactive exc, suggesting that buyers in South Korea tend to consolidate orders across related product lines from the same Indian supplier.

On the buying side, NA is the largest importer with 6 shipments worth $2.0M USD — representing 64% of all iron imports from India on this route. A total of 6 buyers are active on this corridor.