2022
Exports
$50.4MWorld Rnk 9 / 126
Flag Rnk 591 / 1212
2022
PRODUCT COMPLEXITY IN Casting Machines
0.63Rnk 304 / 1025
2022
Imports
$239MWorld Rnk 2 / 183
Flag Rnk 283 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $50.4M in Casting Machines, making it the 9th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 591st most exported product in India. The main destination of Casting Machines exports from India are: United States ($6.86M), Bangladesh ($5.12M), South Africa ($3.39M), Nepal ($3.06M), and United Arab Emirates ($2.65M).

The fastest growing export markets for Casting Machines of India between 2021 and 2022 were South Africa ($2.73M), Bangladesh ($1.9M), and Nepal ($1.87M).

Imports In 2022, India imported $239M in Casting Machines, becoming the 2nd largest importer of Casting Machines in the world. At the same year, Casting Machines was the 283rd most imported product in India. India imports Casting Machines primarily from: China ($136M), Italy ($16.4M), United States ($15.5M), Germany ($14.4M), and Japan ($10.7M).

The fastest growing import markets in Casting Machines for India between 2021 and 2022 were China ($73M), United States ($9.94M), and Slovenia ($5.04M).

COMPANIES In 2023, leading companies such as Haas Automation (122), Cummins Jaw Warehouse (5), and RHI Magnesita (2) were at the forefront of shipping Casting Machines from India to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Casting Machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.4M
IMPORTS (2022)$239M
NET TRADE (2022)-$188M

In 2022, India exported $50.4M in Casting Machines. The main destinations of India exports on Casting Machines were United States ($6.86M), Bangladesh ($5.12M), South Africa ($3.39M), Nepal ($3.06M), and United Arab Emirates ($2.65M).

In 2022, India imported $239M in Casting Machines, mainly from China ($136M), Italy ($16.4M), United States ($15.5M), Germany ($14.4M), and Japan ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR India WERE (2021 - 2022):
South Africa$2.73M (413%)
Bangladesh$1.9M (58.8%)
Nepal$1.87M (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY India WERE (2021 - 2022):
United States-$3.5M (-33.8%)
Austria-$3.24M (-100%)
Iran-$829k (-35.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Casting Machines were:
China $862M
Italy $360M
Japan $267M
In 2022, India's main importing competitors in Casting Machines were:

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.64M
TOP IMPORT POTENTIALChina+ $32.2M

Casting Machines’s highest export potential is United States. With an export gap of $4.64M.   Casting Machines’s highest import potential is China with an import gap of $32.2M.

See methodology.

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